FX News

This Week’s Key Market Points:

Key Points:

 Worldwide coronavirus cases surpass 452.932 million with over 6.049 million official
 New Zealand has 21,015 active community cases of coronavirus  with 773 people in
hospital, 16 in intensive care.
 Satellite pictures suggest Russian forces are moving in on Kyiv, they have moved in
through surrounding towns and are close the airport
 Rating agency Moody have downgraded their rating of 95 Russian corporate
businesses reflecting severe risks to Russia macroeconomic stability
 NZ February Manufacturing PMI 53.6 vs 52.1 in January, March’s PMI is predicted to
be poor in light of the Russia/Ukraine conflict and high covid numbers
 ECB’s Lagarde forecasts lower growth in 2022 and much higher inflation
 UK govt puts sanctions on 7 Russian oligarchs estimated at GBP 15B, freezing
assets, and banning travel

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