Dollar steadies on the session, cable eases back under 1.3900 0 (0)

Dollar moves back to being little changed for the most part against the major currencies bloc in European trading
The kiwi and pound are leading losses so far today, with the latter moving back below 1.3900 against the greenback – notably slipping below its 100-hour moving average @ 1.3913 as buyers surrender near-term control in the

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France says that expects domestic travel restrictions to be lifted on 3 May 0 (0)

French government spokesperson, Gabriel Attal, comments
Adding that the base case scenario remains for bars, restaurants to reopen outdoor seatings by mid-May. That’s certainly optimistic but the hope here is that vaccinations will pick up significantly and outpace virus infections and hospitalisations, though the latter remains a key concern still for the time being.

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US MBA mortgage applications w.e. 16 April +8.6% vs -3.7% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 16 April 2021
–  -3.7%
– Market index 724.8 vs 667.7 prior
– Refinancing index 3,219.9 vs 2,916.7 prior
The jump in mortgage applications in the past week owes to both a spike in purchasing and refinancing activity, with the long-term rate seen slipping further from the high of 3.36%

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Japan PM Suga says to decide on state of emergency measures this week 0 (0)

Remarks by Japanese prime minister, Yoshihide Suga
This looks inevitable, so expect a formal announcement to follow later in the week. Earlier reports suggest that Tokyo will observe a state of emergency from 29 April to 9 May to start with, so that provides some idea of the proposal.

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Tokyo reportedly decided to seek state of emergency to curb virus spread 0 (0)

Mainhichi Shimbun reports on the matter
This comes as virus infections are on the rise in Japan, with Tokyo having reported 711 new cases today – the highest tally since 26 January. The move by the Japanese capital comes after Osaka made a formal decision to request a state of emergency declaration as well after having

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Dollar declines trimmed even as Treasury yields pare earlier advance 0 (0)

It is shaping up to be a rather mixed session so far
The dollar is holding its ground in the past hour or so as it sees its declines trimmed on the day, with EUR/USD moving away from 1.2080 to 1.2050-60 levels while GBP/USD is down a touch to 1.3980 levels from around 1.4000 earlier.

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