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Day: January 14, 2021

Jobless claims surge to highest weekly total since August

First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street estimates of 800,000 and above the previous week’s total of 784,000. Markets reacted little to the number, as the decline in economic …

Jobless claims surge to highest weekly total since AugustRead More

Euro’s Decline Continues as Italy Yields Jump, Dollar and Yen Mixed

Euro’s broad based decline continues today, dragging down the Swiss Franc, and to a lesser extent Sterling too. Italy bench yield jumps sharply on increasing risk of fresh elections in the summer. On the other hand, commodity currencies continue to be strong, as supported by overall solid risk sentiments. Global equities are clearly just taking …

Euro’s Decline Continues as Italy Yields Jump, Dollar and Yen MixedRead More

Euro Falls Against Commodity Currencies, Dollar Mixed Despite Pull Back in Yields

Selloff in Euro against commodity currencies appear to be a main theme today, in otherwise mixed markets. Dollar seems not too bothered by the pull back in treasury yields overnight and stays generally inside last week’s range. Sterling is struggling to extend gain despite staying as the strongest one for the week. Yen and Swiss …

Euro Falls Against Commodity Currencies, Dollar Mixed Despite Pull Back in YieldsRead More