European Central Bank has a specific idea on the appropriate spreads says Bloomberg, citing an unnamed source. This is a bearish EUR development at the margin.
Index hits 107.0 from previous 112.0 All components of the index fell in January. A jump up in coronavirus cases and accompanying restrictive measures in various states has contributed to the lower result
A small bid tone coming in for major FX against the USD
Statement (ICYMI) from UK Prime Minister Boris Johnson: "I warmly congratulate Joe Biden on his historic inauguration as 46th President of the United States and look forward to working closely with his new administration as we defeat COVID and build back better from the pandemic."
German Chancellor Angela Merkel spoke on Tuesday, Europe time, posting this ICYMI - warned Germany may need to consider border crossing restrictions if other European countries do not act to halt the spread of the coronavirus, Germany has already extended lockdown for another two weeks, now through to February 14.
Forex news for New York trade on January 19, 2021: Markets: - S&P 500 up 30 points to 3799 - Gold down $2.50 to $1836 - US 10-year yields flat at 1.087% There was a struggle to sustain any consistent direction in the FX market on a day that was light on economic news. Yellen's speech had been leaked before
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Prime Minister Conte won the vote of confidence in the Upper House ; 154-140.
Dow rises modestly The US major broad indices closed solidly higher on the day. The gains were led by the Nasdaq index which rose by 1.53%. A look at the closing numbers shows:
China Loan Prime Rate monthly setting will be of note although rates are expected to be unchanged 0030 GMT Australia - Westpac Consumer Confidence Index for January
