EUR/USD is bearish, as the Eurozone's second wave of corona virus is accelerating and threatening to slow down the already fragile economic recovery. France announced a daily record of new corona virus infections on Sunday, with the confirmed figure reaching 52,000. Italy announced a partial lockdown, which will remain in effect until Nov. 24. And [...]
The Italian-German 10-year bond yield spread, also known as Italy's risk premium, rose by seven basis points to 1.34 basis points, according to a data. Meanwhile, Spain's risk premium increased by over four basis points, and France's rose by 1.5 basis points. The risk premiums increased as investors rotated money into the safe-haven German bonds [...]
As per the latest COVID-19 data from Germany’s Robert Koch Institute (RKI), 39,000 active cases were found as of yesterday. The latest update today sees 13 deaths so that brings the total tally to 9,634 persons. Additional details suggest that the cases grew 4,122 to 329,453 by Tuesday. In doing so, the pandemic figures defy [...]
According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the euro could become a deflation currency like the Japanese yen was before the Bank of Japan, under Kuroda's leadership, launched unparalleled monetary stimulus in 2013. While the Euro is strong in trade-weighted terms, it remains weak in real or inflation-adjusted terms. [...]
