Bundesbank: Inflation will remain exceptionally high in early 2022 5 (1)

German economy likely shrank in Q4 2021Manufacturing remained constrained by supply disruptions, consumption fell on renewed COVID-19 fearsInflation developments may take longer to improvePrice growth could remain „exceptionally high“ in early this year due to soaring energy prices, supply bottlenec

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Equities tumbling further on the session 0 (0)

Risk sentiment is not looking pretty as we start to transition to the handover from Europe to North America. Equities are tumbling further as the mood sours and we are seeing more notable moves across the market.European indices are closing in on 2% losses now while US futures have made a U-turn to

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NZD/USD falls to lowest since November 2020 0 (0)

Sellers are looking to break key support near the 0.6700 level, which helped to stem the initial decline back in December. The 38.2 retracement level @ 0.6702 adds to the support layer but both appear to be giving way now in a drop to 0.6690. Of course, the daily/weekly close is still one that will

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Dollar extends gains as risk sentiment begins to sour 0 (0)

Of note, AUD/USD is now down near 0.7% to 0.7135 as price closes in on the 7 January low of 0.7130. A push below that opens up the path towards some minor support at 0.7100 next before a potentially steeper drop towards 0.7000 again.

Elsewhere, USD/CAD is moving back up above 1.2600 as oil

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