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Metro Detroit economy hit hard by COVID-19: New report shows where it hurt the most

On a declining trend

JAKARTA: Indonesia has again logged a trade surplus in a trend that began in May last year as commodity prices have picked up while the Covid-19 pandemic has battered demand for imported goods. According to data published by Statistics Indonesia (BPS) on Monday, Indonesia booked a surplus of US$1.96bil in January. While the surplus is the lowest since June, with both exports and imports down from the previous month, the figure marks a stark contrast to a trade deficit of US$640mil registered in January last year. Exports fell to US$15.30bil in January, down 7.48% from US$16.54bil in December 2020, which was the highest figure since 2013. Despite the monthly drop, exports in January are up 12.24% from the same month last year as major trading partners like China have re-emerged from the pandemic.

USD/JPY Weekly forecast: A long expected party

1/29/2021 4:18:41 PM GMT USD/JPY breaks out of seven-month descending channel. Trading at 2021 high, returns to the level of early November. USD/JPY moves through the 21-day and 100-day moving averages. Fibonacci 50% line next important resistance above market. FXStreet Forecast poll predicts a resumption of the downtrend The USD/JPY moved sharply higher this week breaking the upper border of the descending channel that has contained trading for seven months. Aided by better than expected US Durable Goods data on Wednesday and the improving pandemic case and hospital rates the upper border of the channel at 104.00 presented little difficulty. The USD/JPY closed at 104.18 on Wednesday, consolidated on Thursday and resumed the its strong rise on Friday, ending the week at 104.70, its best finish since November 12.

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