Highlights
EURUSD continues to close the week with a devaluation compared to the beginning of the week, when it fluctuated around 1.1950.Investors are pessimistic about inflation in the main global economies and their impact on the economic recoveryin the post-pandemic.
Yield on 10-year US Treasury bonds reached a record high of 1.72% in the morningtoday, after the Fed announced that the supplementary leverage ratio for banks will expire as scheduled inMarch 31. Since April 1, 2020, the Fed has allowed banks to exclude Treasury bills and bank depositsthe calculation of its leverage ratio.
DXY is being traded at 92.0 thousand points. The USDJPY is oscillating close to 109.0. The USDCHF of $ 0.9274. THE gold is trading at $ 1,735 an ounce, and silver at $ 26.1.
The main facts observed by investors at the moment are:
COVID-19
As of today, the AstraZeneca / Oxford vaccine will be used again in the European Union. The European Agencyof Medicines said yesterday that the vaccine is safe, despite its link with a small number ofthrombosis. Prime ministers of Great Britain and France should receive AstraZeneca / Oxford vaccineas a way to increase the population’s confidence in the vaccine.
Paris and several other regions of France will enter a new lockdown phase starting this evening, as theUK variant is causing an increase in hospitalizations in the country
As the United States is moving smoothly with its vaccination campaign, concernin the country, the resistance of those who do not intend to take the vaccine is returned, jeopardizing the mass immunization.A recent poll showed that 11% of Democrats said they would not receive the vaccine, and 41% ofrepublicans. Another showed that only 6% of Democrats said they would probably never take thevaccine, compared with 36% of Republicans.
MACROECONOMY
Producer prices (PPI) in Germany increased by 0.7% in February 2021 compared to the previous monthcorresponding to market expectations. Compared to the previous year, the PPI increased 1.9%, the highest increasesince May 2019, but slightly below market forecasts for a 2 percent increase
