❗️ Monetary Conditions In The Eurozone Ease: Cable FX Macro

** As seen in Macro Walk report 11/11/22, subscribe at cablefxm.co.uk/reports

• Eurozone monetary conditions eased this week by the most since early September, the Bloomberg EU FCI now stands at -345 after rising by 27.4 basis points

• Conditions in the eurozone had not been this tight since the 2011-2012 episode of the EU debt crisis

• The U.S. equivalent now stands at -94 after posting a week of marginal change. Money and bond market stress indicators now stand above their respective 12-month averages. This could be seen as a sign of lack of progress in conditions tightening from Fed officials