A strong recovery in USD demand triggered a sharp sell around AUD / USD on Friday. The already stronger dollar received an additional boost thanks to upbeat core inflation data from the PCE. Risk appetite in the stock markets could help limit losses for the perceived risky Aussie. The AUD/USD it has lost 25 pips […]
Tag: PolicyFiscal
USD / JPY consolidates below the 110.00 level ahead of US inflation data.
USD / JPY consolidates its recent gains to the highest level since April 9. The previous day’s rise in US bond yields offers some support for the dollar. Market optimism weighs on the safe-haven yen and supports the pair’s upward move. The bulls are getting cautious and expecting a new boost in the Fed’s preferred […]
NZD / USD extends pullback from multi-month highs and dips below 0.7250
The NZD / USD witnesses a strong sell on Friday and breaks a four-day winning streak. Rising US bond yields help reignite demand for the USD and cause the pair to drop. Risk appetite could help limit losses ahead of key US inflation data on Friday. The pair NZD / USD it has continued to […]
Markets applaud Biden’s budget, dollar rises, focus on US PCE
This is what you need to know to trade today Friday May 28: Market mood is good on reports of a large US budget and upbeat US figures The dollar is rising with yields ahead of another round of economic releases, which includes the underlying US PCE, while gold It is lagging and cryptocurrencies are […]
US expects G7 support for global minimum tax above 15% – Wally Adeyemo
The G7 industrial democracies are expected to offer their support to the Global minimum corporate tax of more than 15% proposed by the Biden Administration, the United States Under Secretary of the Treasury said on Monday, Wally Adeyemo, in an interview with Reuters. Featured statements: “My feeling is that you will see a lot of […]
Scholz says a global minimum corporate tax rate of 15% is very realistic
“A global minimum corporate tax rate of 15% is very realistic“German Finance Minister Olaf Scholz said in a statement on Friday. Additional comments: “I hope there is a minimum global corporate tax rate in summer“. “The suggestion of a global minimum corporate tax rate of 15% is a breakthrough.” “The global minimum corporate tax rate […]
Fiscal deterioration supports negative outlook – S&P
“Australia’s negative outlook reflects a substantial deterioration in fiscal space at the ‘AAA’ rating level and our view is that risks remain on the downside“S&P Global Ratings said in a statement Tuesday, Reuters reported. “Downside risks persist after the budget, supporting our negative outlook on Australia,” the rating agency explained. They indicated that the increase […]
The dollar retreats after Yellen and Dogecoin rises towards $ 0.69, while the focus is on the tracks towards the NFP
This is what you need to know to trade today Wednesday 5 May: Markets stabilize and the US dollar retreats from its highs after a Tuesday of risk aversion, partly sparked by comments on rate hikes from US Treasury Secretary Janet Yellen. ADP employment figures and ISM Services PMI will be the focus of investors […]
President Biden Introduces $ 1.8 Trillion Proposal, With Capital Gains Tax Rate Of 39.6%
In a statement released by the White House on Wednesday, the President of the United States, Joe Biden, has announced a $ 1.8 trillion proposal, covering education and helping families, funded by tax increases for the wealthy.. The tax rate on capital gains will be 39.6%. Additional comments: “The plan too will eliminate long-standing loopholes, […]
Government raises capital spending forecast, sees weakness in economy
In its economic evaluation report for April, The Japanese government reiterated that the economy is showing some weakness due to the coronavirus pandemic. The The government raised its opinion on capital spending for the third time this year. “One of the reasons it was updated is that investment in machinery has improved since the second […]