No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
After the dollar eased yesterday's gains, investors turned to the safe-haven currency as they worried about the COVID-19 outbreak in China.
On Monday, November 21, Governor of People's Bank of China (PBOC) stated that the current course of the country’s monetary policy demonstrated its effectiveness and provided strong support to the real economy.
The British government stated that the country has no intention to maintain relations with the European Union (EU), following a Swiss approach. The new Cabinet, led by Rishi Sunak, disagreed with the Sunday Times' report regarding his office's plans to bring Britain closer to the EU.
On Friday, investment bank Goldman Sachs stated that the U.S. dollar’s peak has to be expected for more than one financial quarter. Analysis of historical cycles showed that the dollar most often reached its peak level when there was a significant slowdown in the global economy.
Asset managers are getting more pessimistic on the dollar. This is due to the policy of monetary tightening set by the U.S. Federal Reserve (Fed). So, the country's cycle of interest rate growth is expected to peak.
On Monday, Finance Minister Shunichi Suzuki said the government would take a responsible approach to conduct economic and fiscal policy. In addition to this, the head of Japan's Finance Ministry urged lawmakers to submit the extra $206 billion budget plan.
The week began with a rapid growth of the U.S. dollar. The positive dynamics of the currency occurred due to purchases of protective assets, as investors' concerns after a spike in cases of COVID-19 forced officials to tighten restrictions.
On Saturday, Tesla published an announcement about the recall of more than 321,000 cars in the United States. The reason is a problem with the taillights
Campbell Wilson, CEO of Air India, which is owned by conglomerate Tata Group, says he is currently in talks with Boeing and Airbus. Air India wants to get Boeing and Airbus aircraft. Moreover, it’s reported that Air India is successfully meeting its basic needs through aircraft leasing and repairs.
According to the most optimistic Wall Street estimates, the Federal Reserve will still be able to make a soft landing.