Economic and fundamental developments 23-02-2022 US session
23 Feb 2022 05:37 PM
- European and US stocks are higher this afternoon despite the heightened political tensions between Western governments and Russia. Traders are shrugging off the sanctions against Russia.
- Gold has pulled back from the 9-month high that was posted yesterday as risk-on sentiment dominates. Palladium and Platinum are higher as Russia is a major producer of those metals.
- The New Zealand dollar is rallying as the Reserve Bank of New Zealand hiked interest rates by 0.25%.
- The final reading of eurozone CPI came in at 5.1%, in line with expectations, and unchanged from the flash report. It is the highest-level record.
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