Daly, Bostic Hawkish Comments; Euro, Aussie Hit Long-Term Highs Against USD; Gold, Copper, Cocoa Reaches New Multi-Month Highs
. The strong long-term technical trend against the US Dollar remains, with the Euro and the Aussie making multi-month highs against the greenback.
Earlier risk-on sentiment is helping weaken the US Dollar, which is the weakest major currency, while the Euro is currently the strongest., as the commodities remains within a well-defined long-term bearish trend. There are initial signs that the Bank of Japan may have finally succeeded in its long-term efforts to reflate the Japanese economy, with inflation in the Tokyo area reaching 4% for the first time since 1982.decreased last week for the third consecutive week. % of the world’s population has received at least one dose of a coronavirus vaccinationmillion with an average case fatality rate of 1.
. A Chinese official in one province implied yesterday that over 88 million people had been infected in just the past few weeks.
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