Commodity currencies and UK pound out-perform

8.7.22 Having been gripped by recession fears over recent weeks, markets are trading with a more upbeat tone overnight, notes BNZ Markets. “US equities and commodity prices are higher, the US 10-year rate is back to 3%, while global growth-sensitive currencies, including the NZD, are stronger,” says Nick Smyth. “The EUR remains under pressure though, […]