Forex news from the European trading session – 19 August 2021
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities lower; S&P 500 futures down 0.8%

Early signs of a reopening in global air travel?
Traveling from Asia to Europe or vice versa these days is an extremely rare event unless there is a certain need to do so, as most air travel has been restricted.

Australian treasurer, Josh Frydenberg, remarks
Given how Australia has been very strict with lockdown measures, even a 70% vaccination rate may not necessarily rule out a spread of infections – however minimal it may be.

Australian treasurer, Josh Frydenberg, remarks
That’s a striking remark on how the future looks like for the Australian economy, as Frydenberg says that there should be „no expectation“ by states/territories should for emergency COVID-19 support payments for employees affected by lockdowns once the country gets to 70% vaccination rate.

At the highs this month, the S&P 500 has doubled in value from the depths of the pandemic in March last year
An interesting chart put out by Bloomberg shows that the S&P 500 might be headed towards a deeper correction some time in the future, after having gained by double its value since bottoming out