FX News

Key Market Points, 04/03

  • Worldwide coronavirus cases surpass 441.394 million with over 5.997 million official deaths.
  • New Zealand has 23,183 active community cases of coronavirus with 503 people in hospital, 7 in intensive care.
  • Equity indices give back gains from yesterday
  • Standard & Poor’s cut Russia’s rating to CCC (Junk) with further rating cuts predicted
  • Fed’s Powell says Ukraine invasion creates risks of higher inflation
  • The Bank of Canada hiked their Cash Rate from 0.25% to 0.50% starting a planned aggressive tightening path
  • US Crude prices settle around 108 a barrel
  • Biden continues to impose heavy economic sanctions on Putin and the people around him targeting Oligarchs and families
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