Scotiabank argues that the ECB is running out of options to stem further strengthening in the euro currency
The firm says that the rise in EUR/USD since March last year has prompted „what resembles a campaign to implicitly cap the currency“ but that won’t be enough.
Kyodo News reports on the matter
This just rebuffs the reports from the end of last week and over the weekend. The announcement is likely to come tomorrow as the current state of emergency protocol is set to carry on until 7 February.
S&P 500 futures are up 1% after being down 1% in the early stages today
Risk appetite continues to show signs of a bounce back after Friday’s rout, with European indices holding around 1% gains – mirroring the mood in US futures.
Latest data released by Markit – 1 February 2021
The preliminary report can be found . A positive revision to the initial estimate but the reading still marks a three-month low as virus restrictions and supply-chain disruptions impact manufacturing activity to start the new year. Markit notes that:
That puts an end to Western Australia’s 10-month coronavirus-free streak
This comes as the security guard working at the hotel – which serves as a quarantine facility for inbound travelers – tested positive for COVID-19 with fears it could be a UK or South African variant. Western Australia premier, Mark McGowan, said that:
The travel ban will stay in effect until 17 February at least
ICYMI, the restriction has gone into effect yesterday and covers land, air, and sea travel into the country, according to local media citing the German interior ministry.
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