-
NZD remains entrenched, consolidating December gains
Given it’s the first Morning Update for 2024, the Xe team wishes you a very Happy New Year! We hope you all had a relaxing and enjoyable holiday break with family and friends and start the new year recharged and refreshed. All the best for the year ahead! When we signed off in the second to last week in December, the dominant story line for financial markets was the Fed's surprise dovish pivot. At the 13 December FOMC meeting Fed chair Powell and the December dot plots informed the market the Fed had shifted from considering if rates were sufficiently restrictive to laying out a path for the easing cycle to ... (full story)