Prospect of less hawkish than feared Fed boosts risks appetite 0 (0)

The recent risk off moves from Nov 30 where on two things. Firstly, Omicron uncertainty. Secondly, fears the Fed would make a policy mistake. Both those fears are not gone, but are less prominent. 
This is helping risk. Equities are up, volatility is down, yields are flat (but that’s good in context

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EURNZD: Ready to tumble out of the ECB meet? 0 (0)

The EUR saw gains as its funding currency unwound with the JPY and the CHF on the risk off tones after the US thanksgiving. A funding currency is a cheap currency that you pair with high betas (like the NZD). So, the EUR gained on that. BUT the eurozone has surging cases. The services PMI have misse

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