Currencies
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.04 per cent to 91.12. The onshore yuan rose to 6.4828 per dollar to reach its strongest level since March 12. Last month, Treasury yields spiked to their highest in more than a year due to worries about accelerating inflation, which prompted dollar bulls to pile into the currency. The dollar stood at 107.99 yen, close to a seven-week low. The Canadian dollar, which surged to a six-week high on Wednesday, was last quoted at 1.2500 against its US counterpart.
“In this environment, the dollar will test the downside against the yen. The Indian rupee on Tuesday had closed at 74.88 against the US dollar. Following today’s monetary policy decisions, ECB President Christine Lagarde will be pressured to reveal how much longer the euro area will need intensified support. The euro is different because there are signs that people inside the ECB are more optimistic about the economy, which raises questions about tapering.”
The euro was quoted at $1.2043, not far from its strongest since March 3.
“In this environment, the dollar will test the downside against the yen. The Indian rupee on Tuesday had closed at 74.88 against the US dollar. Following today’s monetary policy decisions, ECB President Christine Lagarde will be pressured to reveal how much longer the euro area will need intensified support. The euro is different because there are signs that people inside the ECB are more optimistic about the economy, which raises questions about tapering.”
The euro was quoted at $1.2043, not far from its strongest since March 3.
Metals
less The continuous futures contract of aluminium on the Multi Commodity Exchange (MCX) turned bullish in May last year. Moreover, the price is trading comfortably above both 21- and 50-day moving averages.Considering these factors, one can remain bullish on aluminium. Silver gained 2.62 per cent to $26.55 an ounce.
Oil
Meanwhile, Brent crude futures, the global oil benchmark, fell 0.46 per cent to USD 65.02 per barrel. “India, the world’s third-largest oil user, on Wednesday reported another record increase in its daily death toll from Covid-19.
United States
Revenue at Switzerland’s second-largest bank by assets after UBS Group AG rose 31% to about $8.3 billion from client activity in surging markets. Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis. Unheard of in the days when all Wall Street could say was “Buy”.
Europe
She’ll likely say that the ECB intends to continue buying bonds at an accelerated pace through June to support financing conditions and help the economy as the pandemic persists. Macron s Job | In exactly 12 months time, the French will start the process of deciding whether they want to keep Emmanuel Macron as president, or dismiss him. Coming Up The rally in U.S. shares was set to extend to European stocks ahead of today s ECB rate decision. Merkel moved to effectively override regional authorities because the renewed surge in infections threatens to overwhelm some intensive-care units.
Sotheby’s International Realty ECB DayNo changes to interest rates, asset-purchase programs or bank loans are expected just yet. Credit Suisse in the hot seat, an SEC risk review and the ECB decision. Waste imports from non-EU countries declined to 16 million tons in 2020.Today s AgendaAll times CET. Meanwhile, German Chancellor Angela Merkel got backing for her controversial lockdown law.
For keen EU watchers, it s a familiar tale.
0 Sotheby’s International Realty ECB DayNo changes to interest rates, asset-purchase programs or bank loans are expected just yet. Credit Suisse in the hot seat, an SEC risk review and the ECB decision. Waste imports from non-EU countries declined to 16 million tons in 2020.Today s AgendaAll times CET. Meanwhile, German Chancellor Angela Merkel got backing for her controversial lockdown law.
For keen EU watchers, it s a familiar tale.
