Euro Supported by ZEW

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The German ZEW figures beat expectations yesterday allowing the euro to take a breather against a strong dollar. Pound didn’t manage that well though as uncertainty around COVID death data and now also Brexit is increasing. All the while, the decision of RBNZ to free up house lending is now seen as a cause of distortion in the markets, rather than support – at least this is what kiwi’s performance has been suggesting.

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