#georgette boele

The post New Zealand Dollar: RBNZ tightening supports upside – ABN AMRO appeared on BitcoinEthereumNews.com. ABN AMRO’s Georgette Boele reports that the Reserve Bank of New Zealand lifted its policy rate by 25 bp to 2.5% and signalled more tightening is likely. Despite some easing in energy prices, the bank sees persistent inflation pressures and scope for further reduction in stimulus. With markets pricing additional hikes, ABN AMRO expects modest upside for the New Zealand Dollar versus the US Dollar. RBNZ hikes and signals further tightening “This week, the Reserve Bank of New Zealand raised its policy rate by 25bp to 2.5%.” “It also said that, with inflation still above target and economic activity expected to strengthen, further reduction in monetary stimulus is likely to be needed to bring inflation back to the 2% target midpoint.” “Future OCR decisions will depend on incoming data, price-setting behaviour and the strength of economic activity, and how these factors affect medium

The post Euro: Energy repricing shapes outlook against US Dollar – ABN AMRO appeared on BitcoinEthereumNews.com. ABN AMRO’s Georgette Boele notes that the Euro’s relationship with energy prices has evolved, with recent Oil and Gas gains again weighing on EUR/USD. Earlier in the US-Iran conflict, higher energy prices hurt the Euro (EUR), but later the pair became more driven by Federal Reserve (Fed) and European Central Bank (ECB) expectations. She now sees EUR/USD guided by central bank expectations, yield spreads and Eurozone energy risks. Euro sensitivity returns to energy moves “At the start of the US-Iran conflict, higher energy prices weighed on the euro against the US dollar. During the conflict, however, EUR/USD became less sensitive to energy prices and more sensitive to expectations for the Fed and the ECB.” “When a Memorandum of Understanding was announced, energy prices fell sharply, but the euro gained little against the US dollar because markets were focused on expectation