{"id":1128,"date":"2021-05-17T17:28:49","date_gmt":"2021-05-17T20:28:49","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1128"},"modified":"2021-05-17T17:28:51","modified_gmt":"2021-05-17T20:28:51","slug":"remaining-close-to-its-highest-point-in-two-months-reached-in-the-weeklast-week-the-euro-consolidated-above-the-1-21-region-on-monday-stillsupported-by-optimism-about-the-economic-recovery-of-the-bl","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/17\/remaining-close-to-its-highest-point-in-two-months-reached-in-the-weeklast-week-the-euro-consolidated-above-the-1-21-region-on-monday-stillsupported-by-optimism-about-the-economic-recovery-of-the-bl\/","title":{"rendered":"Remaining close to its highest point in two months reached in the weeklast week, the euro consolidated above the 1.21 region on Monday, stillsupported by optimism about the economic recovery of the bloc on account of theefforts to reopen and accelerate the rate of vaccinations."},"content":{"rendered":"\n

Victor Camargo
5\/17-2021<\/em><\/p>\n\n\n\n

Remaining close to its highest point in two months reached in the weeklast week, the euro consolidated above the 1.21 region on Monday, stillsupported by optimism about the economic recovery of the bloc on account of theefforts to reopen and accelerate the rate of vaccinations.<\/p>\n\n\n\n

In contrast, the DXY index extended its losses to below 90.2 whileinvestors seem to accept that the Fed is not going to tighten its monetary policy anytime soon.There was also a decline in\u00a0treasury yields<\/em>\u00a0while concerns about risinginflation seems to decrease.\u00a0However, the increase in covid-19 cases in some placesfrom Asia such as Japan, Singapore and Taiwan limited the dollar’s losses.<\/p>\n\n\n\n

Extending its gains, gold was trading above USD 1860 an ounce,with more than 1.3% increase, supported by the weakness of the dollar and expectations of an increasein inflation.\u00a0Concerns that an explosion in economic activity couldtrigger a damaging jump in inflation kept the\u00a0risk-appetite<\/em>\u00a0contained, whileinvestors now await the minutes of the last meeting of the US Federal Reserve, atWednesday for any comments on the matter.<\/p>\n\n\n\n

The top three North American indices were down today, pulledmainly by shares in the technology sector.\u00a0The narrative that an increase inprices this year would stimulate unwanted inflation also fueled bets on apossible reduction in the purchase of Federal Reserve bonds before the end of the year,driving investors away from stocks.<\/p>\n\n\n\n

After a volatile session, European indices reversed part of their lossesinitials, with the DAX 30 closing close to its opening point.\u00a0On the corporate side,Bayer fell more than 2% after a U.S. federal appeals court uphelda sentence of USD 25 million.\u00a0In addition, Sodexo fell when BNP Paribasdowngraded the company’s rating to \u201cneutral\u201d.<\/p>\n\n\n\n

Source: https:\/\/wintrademarkets.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Victor Camargo5\/17-2021 Remaining close to its highest point in two months reached in the weeklast week, the euro consolidated above the 1.21 region on Monday, stillsupported by optimism about the economic recovery of the bloc on account of theefforts to reopen and accelerate the rate of vaccinations. In contrast, the DXY index extended its losses […]<\/p>\n","protected":false},"author":2,"featured_media":1051,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1128"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1128\/revisions"}],"predecessor-version":[{"id":1129,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1128\/revisions\/1129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1051"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}