Forex Market Sees Strong USD on Rising Yields, Weak JPY; US Stocks Near Record High
Index yesterday made its highest ever close and is currently trading near its record high, so it looks likely to rise higher over the coming days.as every G20 country’s winter public holiday season has ended., and US ISM Manufacturing PMI data which may affect the US dollar.
Data suggest that the omicron coronavirus variant, while considerably more infectious, has notably milder effects than previous coronavirus strains, with an estimated 70% reduction in the probability of hospitalization. This is potentially very good news for both health and economy, and this is helping to drive recent bullishness in stock markets.
It is estimated that 58.3% of the world’s population has received at least one dose of a coronavirus vaccination. Total confirmed new coronavirus cases worldwide stand at over 293 million with an average case fatality rate of 1.87%. The rate of new coronavirus infections appears to now be increasing most quickly in Albania, Algeria, Argentina, Australia, Bahamas, Barbados, Belize, Bolivia, Canada, Colombia, Croatia, Cyprus, Denmark, Dominican Republic, Ecuador, Estonia, Ethiopia, Finland, France, Greece, Iceland, Israel, Italy, Jamaica, Kuwait, Lebanon, Luxembourg, Mali, Malta, Montenegro, Portugal, Qatar, Spain, Sweden, Switzerland, the UAE, the UK, Uruguay, and the USA.
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