By Hideyuki Sano TOKYO (Reuters) The New Zealand dollar tumbled on Tuesday after the country discovered its first community case of COVID-19 in six months while the Australian dollar slipped to a one-month low as minutes from the central bank meeting were perceived as dovish. Safe-haven currencies such as the yen held firm against riskier… Continue reading Kiwi hit by new virus case; souring risk sentiment supports yen, Swiss franc
By Alex Lawler LONDON (Reuters) Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery. The price of Brent crude is up 35% this year supported by OPEC – led supply curbs, even… Continue reading Oil drops below $70 as U.S. urges OPEC+ to pump more. Brent crude was down 75 cents. Asia caused by the COVID-19 Delta variant.
By Elizabeth Howcroft LONDON (Reuters) – The dollar hit a four-month high versus the euro on Tuesday after upbeat U.S. jobs data bolstered expectations that the Federal Reserve could soon start tapering its massive bond-buying programme. Analysts said the dollar was supported by rising U.S. bond yields, as the prospect of reduced Fed stimulus weakened bond… Continue reading Dollar hits 4-month high against euro on Fed taper talk
By Yasin Ebrahim The dollar ended flat Friday, but traders are warming up to the idea of that greenback’s run higher is here to stay, as bets on the world’s reserve currency turned positive for the first time since the pandemic began. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six… Continue reading Dollar Bears on the Run as Bets Turn Positive for First Time Since Pandemic
The euro was down 0.2% against the dollar at 0731 GMT, at $1.17545, close to its lowest since early April. Currency markets still showed signs of risk aversion on Wednesday after global markets were spooked earlier in the week by surging COVID-19 infections, with the safe-haven dollar rising to its highest since early April. The… Continue reading COVID-19 fears push dollar higher, riskier currencies fall
Wrotten By Kane Wu HONG KONG (Reuters) Asian stocks widened their losses on Tuesday as investor sentiment dampened further amid growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery, sending riskier assets skidding sharply. Europe and U.S. markets look set to recover however with FTSE futures and E-mini futures for the S&P… Continue reading Stocks falter as virus fan outbreaks global recovery fears at end of July 2021. Spot gold was up 0.3% at $1,817.28
Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. With the ferocious spread of Covid-19’s delta variant and central banks already talking about tighter monetary policy to bring inflation under control, there’s a growing sense of worry that financial markets have become too optimistic. The shift… Continue reading Wall Street’s New Fear Is That the Economy Has Already Peaked
AUD/JPY could break this key support level. Most of Wall Street (and beyond) will be focused on Q2 earnings reports over the next couple of weeks, but traders shouldn’t forget about the key macroeconomic releases on the calendar. On that front, next week brings a highly-anticipated ECB monetary policy meeting (check back early in the week for… Continue reading AUD/JPY Testing Key Support Ahead Of Australia Data. Who profited from the pair’s post-COVID rally?
Check out the companies making headlines before the bell: Moderna (MRNA) – The drug maker’s shares surged 7.3% in the premarket on news that the stock would be included in the S&P 500 as of July 21st. It will replace Alexion Pharmaceuticals, which is being acquired by AstraZeneca (AZN). Didi Global (DIDI) – Shares of the China-based ride-hailing company slid… Continue reading Stocks makes the biggest moves premarket.
By Andrea Shalal and Jeff Mason The clock is ticking as President Joe Biden welcomes outgoing German Chancellor Angela Merkel to the White House on Thursday with both hoping to rebuild ties badly frayed under former President Donald Trump. The United States and Germany are key NATO allies but are at odds over a host… Continue reading Joe Biden, Merkel have little time to rebuild ‘indispensable’ relationship