Euro seem to be in the uptrend as greenback weakens amid a return of risk-off mood ahead of the Eurozone data. The futures linked to the US indices flipped to losses, suggesting risk-aversion. Investors are doubtful on the prospects of the post-pandemic economic recovery and on the US President Joe Biden’s $2.25 trillion infrastructure plan. [...]
Japan's services sector activities declined in March as businesses is struggling to fully shake off the impact of the coronavirus pandemic which was showed by a private survey showed, but the pace of the downturn was the slowest since January last year. The final au Jibun Bank Japan Services Purchasing Managers' Index (PMI) rose to [...]
According to Bloqport’s recent data, bitcoin, which has ended the month of March with an overall gain of 29%, has now been in the uptrend for six consecutive months. The data also shows that the crypto asset’s value has nearly doubled from its December 2020 closing price of $29,383 to its current value of $58,647. [...]
China's Negative surplus puts pressure on the Aussie. Also contributing to the Aussie's weakness could be the US dollar’s rebound. China’s Caixin Manufacturing PMI came in as 50.6 versus 51.3 forecasts and 50.9 prior. This gives a suggestion that the activity figures from Australia’s largest customer contrast the upbeat official readings published earlier in the [...]
