Currencies
“As a result, the dollar is likely to fall against the yen, but the larger trend for the dollar is still mixed. The dollar can still rise against commodity currencies if commodity prices start falling again.” The dollar stood at 107.90 yen, close to a seven-week low. The dollar was little changed at 0.9169 Swiss franc. The euro bought $1.2017 after falling 0.2% on Thursday. The British pound was quoted at $1.3842 following a 0.6% loss in the previous session.
Metals
Silver fell 1.71 per cent to $26.12.
United States
The US markets slumped almost one per cent overnight on fears of imposition of new capital gains tax by Joe Biden administration. The S&P 500 Index slid the most in more than a month on the news, closing 0.9% lower, while the Nasdaq fell 1.2%. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Image Source: Pixabay Value investing is one of Wall Street’s most popular strategies.
Relief for swamped UBS analysts. They include the (NASDAQ: DOG), the (NYSE: SH), and the (NYSE: TZA).
Relief for swamped UBS analysts. They include the (NASDAQ: DOG), the (NYSE: SH), and the (NYSE: TZA).
Europe
“Powell has to reiterate the continuation of easy monetary policy just like Lagarde,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.
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