Currencies
Meanwhile, benchmark 10-year Treasury yields consolidated around 1.6 per cent, a week after hitting a more than one-year top of 1.754 per cent, which had also supported the dollar. “Even if the yield is 1.6 or 1.7 per cent, it is not enough to push up the dollar constantly. The euro is no longer on a consistent upward path compared to the dollar, and this has ramifications for virtually everything else. If the EU can turn around its vaccine campaign, the chances are that the euro can turn around as well.
Losing RunBitcoin fell for a fifth day against the dollar, its longest losing run since December. The dollar has strengthened with it. Optimism about a stronger euro is being put to a rigorous test:Why? But the tale of the euro is clear. If this happens, it would tend to weaken the dollar.Finally, the EU s much criticized procurement effort should be about to catch up.
Losing RunBitcoin fell for a fifth day against the dollar, its longest losing run since December. The dollar has strengthened with it. Optimism about a stronger euro is being put to a rigorous test:Why? But the tale of the euro is clear. If this happens, it would tend to weaken the dollar.Finally, the EU s much criticized procurement effort should be about to catch up.
Metals
The direction of the major trend of the aluminium futures, established almost an year ago, is up though there has been an increase in volatility in the past month.
Oil
This is also evident from the fall in crude prices over the last few days.
United States
Biden’s predecessor Donald Trump mostly dismissed the significance of the launches, focusing instead on the benefits of his personal dealings with Kim. 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. “On Wednesday, US Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell expressed their confidence in the US recovery during a second day of testimony to Congress.
“The narrative of the US outperforming Europe in the coming quarter remains. Unheard of in the days when all Wall Street could say was “Buy”.
“The narrative of the US outperforming Europe in the coming quarter remains. Unheard of in the days when all Wall Street could say was “Buy”.
Europe
The EU s top court rules in challenges by Deutsche Telekom and its unit Slovak Telekom to topple EU antitrust fines 9:30 a.m. Neither has done as well in combating Covid as countries with wealth and advanced health systems should have done, but the EU record has been appreciably better throughout. While the virus continues to dominate its priorities, the challenges the EU faces are now different. The U.K. and EU pledge vaccine cooperation, the Suez canal blockage continues, North Korea fires a missile and Bitcoin’s on a losing run.
Meanwhile, Italy hopes to ease its lockdown after Easter, while German Chancellor Angela Merkel dropped plans for a five-day strict shutdown. To allow an easy comparison, I multiplied the U.S. number to account for the EU s larger population. There is no question that the EU is off to a much slower start than its counterparts across the English Channel or the Atlantic. Meanwhile, European Central Bank boss Christine Lagarde and Bank of England’s Andrew Bailey speak on a Bank for International Settlements event.
0 Meanwhile, Italy hopes to ease its lockdown after Easter, while German Chancellor Angela Merkel dropped plans for a five-day strict shutdown. To allow an easy comparison, I multiplied the U.S. number to account for the EU s larger population. There is no question that the EU is off to a much slower start than its counterparts across the English Channel or the Atlantic. Meanwhile, European Central Bank boss Christine Lagarde and Bank of England’s Andrew Bailey speak on a Bank for International Settlements event.
