Markets continue with last Friday’s improvement in risk appetite.
In the Forex market, the US Dollar has resumed its selloff and is the weakest major currency right now. The AUD is the strongest currency at present.Energy commodities are strong, although none of them are breaking to new long-term high prices yet.The Governor of the Bank of Japan has reiterated that the Bank will continue with monetary easing to assist economic recovery.It is a public holiday today in the USA, and as it is also a Monday, today is likely to be a relatively quiet day in the market. If there are major price movements, that will suggest we are likely to see strong momentum over the coming days.Daily new coronavirus cases globally fell last week continuing a long-term trend.It is estimated that 65.8% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.7% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.Total confirmed new coronavirus cases worldwide stand at over 531.6 million with an average case fatality rate of 1.19%.The rate of new coronavirus infections appears to now be significantly increasing only in the Bahamas, Jamaica, Costa Rica, Dominica, Panama, and Taiwan.
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