Open: London Session | Forex, Metals, Oil, Agriculture January 22, 2021

Furthermore, the Euro is considered among the global reserve currencies while the Canadian Dollar is not. The euro is creeping up again versus the dollar after the European Central Bank insisted that the current level of monetary stimulus is enough for now. Here s what s moving markets.Answers On a PostcardBitcoin is on course for its worst week in about 45 against the dollar, down 13%. Markets are betting that Canadian Dollar strength will continue. Meanwhile, European Central Bank President Christine Lagarde signaled that the euro-zone is headed for a double-dip recession, and the continent s bond markets are starting to worry.

For now, Keynesian investment strategists and managers can with renewed enthusiasm dismiss gold as a pet rock.

The global oil benchmark Brent crude slipped 1.37 per cent to $55.40 per barrel.

Furthermore, the twin deficit hypothesis suggests that when the temporary increase in the savings ratio unwinds, the US trade deficit will also increase accordingly. Inflation is at bay with the CPI growing at less than two percent, giving ample room for monetary expansion within the Fed’s dual mandate. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. There is little doubt in Keynesian minds that for changes in economic policy, Donald Trump was Herbert Hoover to Joe Biden’s Franklin Roosevelt.
What s Next for the Most Controversial President in Modern HistoryAs Trump re-enters citizen life, his road ahead will be unlike any other ex-president. Now that Biden can reflate, they say the US economy will recover and grow. For Keynesian Americans, the economic outlook has improved immeasurably with Trump gone. Trump reveals revenue hit.

Merkel said Germany will be very cautious about easing pandemic restrictions to guard against a renewed spike from fast-spreading strains like in Britain and Ireland.Today s AgendaAll times CET. The two central banks are quite different, insofar as the ECB’s firepower is on par with the Federal Reserve’s, while the BOC’s lags far behind. Bond yields from Germany to Italy rose on the ECB comments.