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Total cases now at 51 Optimism that New Zealand can contain its covid outbreak is fading after details of 21 new cases were reported. PM Jacinda Ardern said it was “very likely” the nationwide lockdown would be extended beyond Tuesday. Because of extensive contact tracing and transparency, we’re also getting details of the people who
Gold prices were flat on Friday, as a firmer eclipsed support from rising anxiety over increasing cases of coronavirus’ Delta variant that could delay economic recovery. FUNDAMENTALSSpot gold was flat at $1,780.43 per ounce by 0056 GMT, while US gold futures was little changed at $1,782.40. The dollar index held near a more than a
PBOC left the loan prime rate (LPR) unchanged at 3.85% in July. The inaction does not suggest that the current monetary policy is appropriate. Weakness in economic activities is expected to exacerbate in the second half of the year, thanks to the resurgence of the pandemic and the lingering consequences of the flood. Speculations of
Full approval could aid with vaccine hesitancy A common refrain for US anti-vaxxers is that they want full FDA approval before getting the vaccine. Whether that’s a real reason or flimsy excuse will be put to the test in the near future as the New York Times reports the agency is planning to give full
NEW YORK: prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a surge in COVID-19 cases. The crude market has now posted seven consecutive days of losses. Numerous nations worldwide are responding
Overall market sentiments deteriorated notably last week, with concerns over the swift spread of Delta variant and return to lockdowns, Fed’s tapering and slowdown in China. A softening tone from a Fed hawk on tapering gave sentiment a late lift, but it remained to bee seen if that could last. Dollar ended as the strongest
Forex news for North American trading on August 20, 2021 Back on August 11, Fed’s Kaplan said “he was in favor of announcing a plan to taper at the Sept meeting and start tapering in October”. Today near the start of the NY session, Kaplan in an interview on FOXBusiness said: The big “imponderable” is path of Delta virus. So
NEW DELHI: Gold and silver futures prices traded in the green on Friday, gaining support from rising anxiety over increasing cases of coronavirus Delta variant that could delay economic recovery. The gains were, however, capped by a firmer dollar. The dollar index held near a more than a nine-month high hit on Thursday, denting gold’s
Canadian Dollar is trading as the worst performing one today and slightly weaker than expected retail sales data provide little help. Persistent weakness in oil price is weighing down the loonie, together with overall negative sentiment. Overnight development is unchanged that Dollar, Yen and Swiss Franc are the strongest while commodity currencies are the weakest.
No US data to be released today The data calendar today is fairly sparse with Canada retail sales and Canada new housing prices index the only schedule releases. Canada retail sales for June are expected to rebound by 4.4% after last month’s -2.1% decline. In April the sales felt -5.7% as Covid lockdowns hurt the retail
New Delhi: Gold prices in the national capital on Friday jumped Rs 128 to Rs 46,353 per 10 grams, in line with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,225 per 10 gram. Silver gained marginally by Rs 6 to Rs
Dollar, Swiss Franc and Yen are taking turns to be the strongest, with the greenback having a little upper hand. But they’re kept in range against each other. Commodity currencies remain the weakest, with Aussie additionally pressured by strict lockdowns, while Loonie is dragged down by falling oil prices. Euro and Sterling are mixed in
At least one of them has a fever Three US Senators revealed positive covid-19 diagnoses today. What’s worrisome is that all three were fully vaccinated. Sens. Angus King (pictured above), I-Maine, Roger Wicker, R-Miss. and John Hickenlooper, D-Colo all reported positive tests today. The 77-year-old King said he took a covid test after coming down
Iron ore plunged and copper sank to a four-month low as worries over Chinese steel production, global growth risks and the prospect of reduced U.S. stimulus roiled metals markets. This week’s drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore on expectations that Chinese steel
Selloff in commodity currencies intensifies today as risk sentiment turn sour again. Major European indexes are all in deep red while US futures point to lower open. Yen, Swiss Franc and Dollar are taking turns to be the strongest one in a three-horse race. Aussie is so far the worst performing, followed by Loonie and
Forex news from the European trading session – 19 August 2021 Headlines: Markets: JPY leads, AUD lags on the day European equities lower; S&P 500 futures down 0.8% US 10-year yields down 4.3 bps to 1.23% Gold flat at $1,788.51 WTI down 3.8% to $62.98 Bitcoin down 0.2% to $44,433 The dollar started the session
LONDON: Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories. Circulation of the Delta variant in areas of low vaccination is driving transmission of COVID-19, the World Health Organization said.