Open: London Session | Forex, Metals, Oil, Agriculture June 14, 2021

TRADING-THE-LONDON-FOREX-OPEN

Currencies

The dollar index, which measures the US currency against six rivals, was mostly flat at 90.510 from as high as 90.612 on Friday.

Oil

High inflation globally and firm crude oil prices are some concerns areas, he added. Crude hit a 32-month high as the rollout of coronavirus vaccines underpins an improved demand outlook.Countering ChinaU.S. A deal would remove U.S. sanctions on Iran s oil exports and could help calm the Middle East.

United States

The latest forecast from our own Bloomberg Economics, adapting a model from former Fed Chairman Ben Bernanke, suggests headline inflation of 3.7% at the end of this year. Wall Street strategists are also urging bond bears to stay short, especially with Wednesday’s Fed meeting looming. “The US employment rate was 61 per cent before the pandemic. “There will probably be no surprise from the Fed this week,”said Mitsubishi UFJ’s Fujito. “But in the longer term, there’s clear risk of the Fed’s stimulus becoming excessive.
The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others.

Europe

Here s the latest.Canada Calling | The heads of European institutions meet Justin Trudeau for an EU-Canada summit today. Nikos ChrysolorasWhat s HappeningBorder Tensions | Meanwhile, a crisis is brewing in relations between the EU and the U.K. over the flow of goods into Northern Ireland post-Brexit. With German Chancellor Angela Merkel preparing to exit the stage, Trudeau will be the longest-serving leader of the G7.

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