North American Morning Briefing: Stock Futures -2- morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
7/29/2021 7:31:50 PM GMT
USD/JPY Current price: 109.43
The JPY surged on broad’s dollar’s weakness and despite a better market mood.
Japan has a busy Friday as it will publish multiple macroeconomic figures.
USD/JPY is poised to extend its decline in the near-term to sub-109.00.
The USD/JPY pair trades near a fresh weekly low of 109.42, accelerating its decline after the release of poor US growth figures. The pair spent the first half of the day consolidating just below the 110.00 threshold trapped between the broad dollar’s weakness and rallying equities. Stocks retained the positive tone despite poor US GDP, backed by Fed’s on-hold stance. In the meantime, US government bond yields ticked higher, reflecting a better market’s mood.
EMEA Morning Briefing: Stocks to Struggle at -2- morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The Straits Times
Markets ride on optimism, liquidity after virus fears
Strong technology sector results from the likes of Twitter and Snap hoisted the Nasdaq to a new record at 14,836.99 points.PHOTO: REUTERS
https://str.sg/33K7
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