Carry trade may thrive in low vol environment - ING MSCI EM FX index hits 1-month high Bitcoin trades near $57k after weekend plunge
LONDON, April 19 (Reuters) - The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.
The dollar was also held down by improved risk sentiment amid a rally in global stocks to record highs.
Bitcoin stabilized after losses from Sunday, when it plunged as much as 14% to $51,541, which a report attributed to news of a power outage in China.
BRI a public road for public good By Xie Laihui | chinadaily.com.cn | Updated: 2021-04-20 11:33 The venue of Boao Forum for Asia is seen in South China s Hainan province. [Photo/Xinhua]
Addressing the Boao Forum for Asia through video link on Tuesday, President Xi Jinping said the Belt and Road Initiative (BRI) is a public road open to all, not a private path owned by one single party.
By 2030, Belt and Road projects could help lift 7.6 million people from extreme poverty and 32 million people from moderate poverty across the world, Xi said, citing a World Bank report.
“We will act in the spirit of openness and inclusiveness as we work with all willing participants to build the BRI into a pathway to poverty alleviation and growth, which will contribute positively to the common prosperity of humankind,” he said.