Currencies
The dollar was mostly flat at 105.21 yen, after climbing to105.765 at the end of last week for the first time since October. less BL Research Bureau The rupee (INR) has started the session on a positive note against the dollar (USD), opening at 72.87 to the previous close of 72.96 levels. Trade strategy With the weakness in the dollar index, the rupee is showing minor positive bias. However, many analysts see that massive fiscal spending coupled with continued ultra-easy Federal Reserve monetary policy dragging down the dollar in the longer term.
The Canadian dollar also trended higher as oil prices hit fresh one-year highs. The improvement in risk appetite drove the U.S. dollar lower across the board. The U.S. dollar, on the other hand, should suffer as more spending leads to bigger deficits. It was last down 0.091% at90.868.Against the yen, the dollar was down 0.12% at 105.10. This will be seen as a sharp reduction in risk for the euro zone as a whole, and with some justification.
The euro was little changed at $1.2055 in early Asian trading on Tuesday, up from the two-month low of $1.9520 touched Friday.
The Canadian dollar also trended higher as oil prices hit fresh one-year highs. The improvement in risk appetite drove the U.S. dollar lower across the board. The U.S. dollar, on the other hand, should suffer as more spending leads to bigger deficits. It was last down 0.091% at90.868.Against the yen, the dollar was down 0.12% at 105.10. This will be seen as a sharp reduction in risk for the euro zone as a whole, and with some justification.
The euro was little changed at $1.2055 in early Asian trading on Tuesday, up from the two-month low of $1.9520 touched Friday.
Oil
U.S. West TexasIntermediate crude (WTI) for March was at $58.25 a barrel, up 28 cents, or 0.5 per cent.Both Brent and WTI are at their highest since January 2020. Brent crude oil remains above $60 a barrel. “There is a sense that the glut of oil supply isdisappearing more rapidly than anybody thought possible,” saidPhil Flynn, senior analyst at Price Futures Group in Chicago.
United States
The consumer price report is the most important piece of data on the U.S. calendar this week, but higher inflation won’t cause the Fed to budge. Many Senate Republicans have argued that trying the former president after he s left office is unconstitutional, in a sign that Trump is all but assured of escaping conviction. Round TwoGroundhog Day comes a week late in Washington as Donald Trump’s second impeachment begins. 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.
Bitcoin’s Tesla rally, steady stocks, Trump’s second impeachment. Unheard of in the days when all Wall Street could say was “Buy”. This includes Fed Chairman Jerome Powell, ECB President Christine Lagarde, Bank of Canada Governor Timothy Lane and Bank of England Governor Andrew Bailey.
Bitcoin’s Tesla rally, steady stocks, Trump’s second impeachment. Unheard of in the days when all Wall Street could say was “Buy”. This includes Fed Chairman Jerome Powell, ECB President Christine Lagarde, Bank of Canada Governor Timothy Lane and Bank of England Governor Andrew Bailey.
Europe
Last year, Emmanuel Macron in France tried and failed to raise retirement ages, giving up in the face of widespread protests.
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