Open: London Session | Forex, Metals, Oil, Agriculture December 14, 2020



“Weakness of the US dollar, optimism surrounding vaccine roll-out, dollar inflows into local equities could keep depreciation bias limited. Add up all these input costs and you can come up with your output per dollar, output per hour of labor or an output per unit of energy. Across the Tasman Sea the New Zealand dollar also rose ahead of data later in the week forecast to show a sharp rebound in gross domestic product. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.20 per cent at 90.79.
BL Research BureauThe rupee (INR) strengthened marginally last week and ended 13 paise higher at 73.65 versus 73.78 against the dollar (USD). Americans have had the benefit of decades, 30+ years of importing deflation via cheaper labor and having a strong dollar readily accepted from our trading partners. Elsewhere, the Australian dollar edged up against its U.S. counterpart before the release of central bank minutes that could prompt investors to scale back bets for additional monetary easing.
The dollar, which has also been under selling pressure recently, faces a big week because of the Fed’s policy meeting. The dollar index against a basket of six major currencies stood at 90.767, close to a 2 1/2-year low. The dollar is also under pressure due to expectations that U.S. interest rates will remain low for an extended period.


Also, the value of gold holding went up by $0.5 billion to $35.7 billion. Moreover, gold also acts as a good hedge, and is a more trusted store of value. ONGC was the top gainer in the Sensex pack, rallying around 3 per cent, followed by Tata Steel, L&T, Sun Pharma, M&M, ICICI Bank and NTPC. gold).


OPEC’s oil market report will be published, with crude heading higher again. He is a founding member of the Association for the Study of Peak Oil and Gas-USA, and is a fellow of the Arthur Morgan Institute for Community Solutions.

United States

There is first and foremost, monetary inflation that comes from the issuance of money or in the case of the US, debt, as we have a debt-based money system. Hence, the US was able to issue lots of money without the monetary inflation that comes with it. The company operates in over 170 countries, the U.S being their primary market comprising roughly 50% of total revenues. President Donald Trump and top officials are set to be offered the vaccine within days.
The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others. It was in court for this trial where Buffett had the opportunity to explain the quote from the Wall Street Journal. Mogo (NASDAQ:MOGO) is a Canadian fintech company based in Vancouver, Canada. I just bought a pair of pants at Tractor Supply (NASDAQ:TSCO) for $9.99 that are made in Bangladesh.


Here s what s moving markets.Extra MileThe European Union and the U.K. agreed to keep trade deal negotiations going beyond the latest deadline of Sunday. That risks alienating the country’s Muslim population.Payback Time| Italy is seizing on the torrent of EU stimulus to push its mountain of debt payments into the future. If that works, the U.K. could win concessions on the other main sticking point: EU fishing rights in British waters. Additionally, clarity over Brexit is expected to emerge by weekend also,” he noted.
Even after 22 1/2-years as an ECB policy maker, he is far from the world s longest-serving central banker.Today s AgendaAll times CET.