The Indian rupee is under pressure against the dollar as a surge in new coronavirus infections raises prospects of lockdown restrictions.The euro and British pound remain under pressure against the dollar at the start of the new week as the EUR/GBP bounce back gathers steam.Gold and silver were sliding lower on renewed dollar strength after an impressive performance last … [Read more...] about USD/RUB Rally Persists As Gold Bounce Back Stalls
Forex News
U.S. Consumer Prices Climb By Most In Over Eight Years
U.S. consumer prices climbed by the most in over eight years in March, according to data released by the Department of Labor. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in March, after a 0.4% rise recorded in February. The index fell by 0.3% in March 2020.The March month-on-month increase was the largest rise since a 0.6% increase in August … [Read more...] about U.S. Consumer Prices Climb By Most In Over Eight Years
American Stock Futures Slip As Regulators Suspend J&J Vaccine
U.S. stock futures slipped on Tuesday after authorities recommended suspending the Johnson & Johnson vaccine due to reported blood clotting concerns, the WSJ reported. S&P 500 futures slid 0.3% after holding steady in the European morning after the index hovered near its recent record closing high on Monday.Nasdaq 100 futures edged 0.1% lower.The 10-year Treasury … [Read more...] about American Stock Futures Slip As Regulators Suspend J&J Vaccine
Rise In Yields Likely With Big U.S. Treasury Auctions
Big Treasury auctions in the United States could restart a rise in yields following a recent lull in the bond market, according to Reuters. The Treasury's $271 billion of new offerings kicked off with a double auction on Monday, to be followed by auctioning $24 billion of 30-year bonds on Tuesday and a total of $151 billion in bills throughout the week.Investors said weak … [Read more...] about Rise In Yields Likely With Big U.S. Treasury Auctions
Canada’s Unemployment Rate Falls to Lowest Since COVID-19
Canada added more jobs than expected in March to bring the unemployment rate to its lowest since the pandemic hit, Bloomberg reported. The country reported 303,100 jobs in March after gaining 259,200 in February.The unemployment rate dropped to 7.5%, the lowest since before the coronavirus disease 2019 pandemic.Canada has now recovered all but 296,000 of the nearly 3 million … [Read more...] about Canada’s Unemployment Rate Falls to Lowest Since COVID-19
