FX News

This Weeks Key Points

Direct FX

Key Points:

Worldwide coronavirus cases surpass 246.229 million with over 4.995 million official
New Zealand has 891 active cases of coronavirus with 97 new cases yesterday with the first case in over 1 year recorded in the South Island. Meanwhile, the Australian State of New South Wales reported 268 new cases and 2 deaths yesterday with Victoria reporting 1656 new cases with 10 deaths
RBNZ’s Governor Orr said monetary policy easing has done as much as it can amid a very different inflation and interest rate environment
Japan’s Inflation for September comes in at 0.1% vs 0.5% expected with unemployment remaining at 2.8%
A new Delta variant has experts worried in the UK with the new variant possibly more transmissible, it accounts for over 10% of all covid cases at a time when new cases are rising rapidly, the only positive news is that it seems to be less fatal than regular delta
Chinese company Evergrande has made another interest debt payment of 45.2M avoiding default
President Biden is said to announce steps to relieve currency stockpiles of goods caught in supply chain issues to ease inflationary pressures

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