XE Market Analysis: Central Banks Deploy Parachutes to Avoid a Hard Economic Landing

Comments are off

OVERVIEW

  • RBNZ (-50 bps) and RBI (-35 bps) chopped their benchmark rates over growing external uncertainties.

  • EUR/USD is oscillating around 1.12, bouncing from its lowest level in two years.

  • WTI Crude oil price slips again, down 9.5% since the beginning of the month