Macro Roundup (Jul 20)
CST
Source:SMM
The safe-haven US dollar, yen, and Swiss franc rose on Monday as investors grew nervous about a raging coronavirus variant that could threaten the outlook for a global economic recovery.
SHANGHAI, Jul 20 (SMM) — This is a roundup of global macroeconomic news last night and what is expected today.
The safe-haven US dollar, yen, and Swiss franc rose on Monday as investors grew nervous about a raging coronavirus variant that could threaten the outlook for a global economic recovery.
The three currencies firmed as benchmark US 10-year Treasury yields dropped to a more than five-month low of 1.176%, with risk aversion spreading across financial markets.