Australian Dollar Up as Prices Rise More Than Expected
The U.S. dollar retreated marginally in early morning trade in Asia while the Australian dollar gained some ground after prices rose more than expected.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.03% to 93.92 by 9:40 PM ET (01:40 AM...
China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing...
Global banks raise forecast to 4% peak for key ECB rate
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised...
U.K. Unemployment Rose Less Than Feared in December
The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the...
CDC Lifts Mask Mandate for Fully Vaccinated Students, Teachers: How Will That Work?
Texas, Alabama, and several other states are canceling mask mandates and allowing businesses to open at, or near, full capacity.Elected officials cite the FDA’s emergency approval of three COVID-19 vaccines as well as emerging therapeutics as rationale for the easing of restrictions.Health experts argue...
Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation
Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after...
Global Food Security on The Edge as Russia Exits Grain Deal
How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a...
Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation
The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to...
Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution
Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data...
Promising Treatments and Clinical Trials for Relapsing-Remitting MS
elapsing-remitting multiple sclerosis (RRMS) is the most common form of MS. About 85 percent of people with MS are first diagnosed with RRMS.
RRMS is one type of MS, which is a chronic and progressive condition of the central nervous system that interrupts the transfer of information...