What you need to know on Wednesday, April 28:
Boring trading continued for the second day in a row with the major pairs trading within familiar levels. The exception is USD / JPY, which added about 40 pips to its latest rally to settle around 108.70.
In general, investors were wary of the US Federal Reserve’s monetary policy announcement scheduled for Wednesday. The central bank is widely expected to keep current policy unchanged, although speculative interest awaits a word on tightening amid continued economic improvement.
EUR / USD is trading just before 1.2100, while GBP / USD is around 1.3900. AUD / USD is down along with gold, which lost some ground to settle at $ 1,776 a troy ounce, while USD / CAD held around 1.2400 as crude prices soared late in the day on WTI. advancing beyond $ 63.00 a barrel.
Stocks traded naturally and most of the major indices ended the day around their opening levels. Yields on government bonds advanced, with the US 10-year Treasury closing at 1.61%.
On the coronavirus front, the differences between major economies and developing countries have widened. The US CDC has said that fully vaccinated people can go outdoors without masks, except in crowded settings. The UK is also moving towards reopening the economy as more than 50% of the population has received at least one injection of a coronavirus vaccine.
India, on the other hand, continues to record cases of more than 350,000 per day, while the situation in South America continues to deteriorate amid the delay in vaccination. The immunization campaign in Europe is also being delayed, but most hope to regularize the situation in the coming months.
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