FX News

Key Points for 2021-10-15

  • Worldwide coronavirus cases surpass 240.247 million with over 4.894 million official deaths.
  • New Zealand has 617 active cases of coronavirus with 72 new cases yesterday. Meanwhile, the Australian State of New South Wales reported 406 new cases and 6 deaths yesterday with Victoria reporting 2297 new cases with 11 deaths
  • Fed’s Harker is not expecting any rate hikes until late 2022 early 2023
  • The New Zealand Dollar (NZD) is the strongest of the main currencies moving up 1.1%  
  • US Inflation y/y rises to 5.4% from 5.3% and appears NOT transitory
  • Crude Oil continues to climb to 81.40 per barrel this morning as demand and shortages continue which could stoke inflationary pressures
  • ECB’s lagarde says upswing in the Eurozone inflation is driven by temporary elements
  • The Peoples Bank of China Governor Yi Gang says Central Bank policy will be “prudent, flexible, targeted, reasonable and appropriate” as their inflation grows to 10.7% y/y the highest level in 25 years
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