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Day: February 1, 2021

CBO sees rapid growth recovery, labor force returning to pre-pandemic level by 2022

A worker uses a hoist to assemble a car seat at the Lear Corp. manufacturing facility in Hammond, Indiana. Jim Young | Bloomberg | Getty Images U.S. economic growth will recover “rapidly” and the labor market will return to full strength quicker than expected thanks to the vaccine rollout and a barrage of legislation enacted …

CBO sees rapid growth recovery, labor force returning to pre-pandemic level by 2022Read More

Turkish Lira Rises to Five-Month High vs Dollar on Break of Key Barriers and Upbeat Data

The Turkish lira is among top gainers on Monday, advancing 1.6% against the US dollar since opening in Asia and on track for further advance. Last week’s break of pivotal 200DMA generated positive signal, with fresh acceleration through next key obstacles at 7.2370 (lira’s 2021 high) and 7.2100 (50% retracement of 2020 5.8382/8.5816 rally) on …

Turkish Lira Rises to Five-Month High vs Dollar on Break of Key Barriers and Upbeat DataRead More

Swiss in Broad Based Selloff While Silver Steals the Show

Swiss Franc’s selloff is a major focus in the forex markets today, in particular, as it breaks through a key support level against Sterling. The development somewhat drags down the Euro too. The Pound and Dollar are currently the stronger ones while commodity currencies are mixed. Stock markets are stabilizing with rebounds from Asia to …

Swiss in Broad Based Selloff While Silver Steals the ShowRead More

RBA to Leave Policy Unchanged and Remain Cautious about Outlook Despite Recovery

The RBA will have its first meeting this year on Tuesday, followed by publication of the statement of monetary policy on Thursday. We expect all policy measures to stay unchanged this month. Policymakers could revise GDP forecast higher and the unemployment rate lower, given the better-than- expected economic data released recently. Yet, they would remain …

RBA to Leave Policy Unchanged and Remain Cautious about Outlook Despite RecoveryRead More

New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected

Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China is set to overtake the United States as the world’s largest economy a few years earlier than anticipated due to the coronavirus pandemic, analysts said. The U.S. reported last week that gross domestic product in 2020 contracted by …

New chart shows China could overtake the U.S. as the world’s largest economy earlier than expectedRead More

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