That is a big headache for the ecb that meets next week. Alix one of the worst performing currencies in march. Scarlet is here to look at those. Scarlet a new trend. Alix that is me. Thelet i was hoping for return of summer. Weakness in the u. S. Dollar is index felle bluebird fiverounding up straight months of losses. When you look at who performed better versus the dollar everyone except brazil. Commodity currencies for the biggest gainers. Down 6. 3 rial is down 6. 3 . A note published today says the dollar moved further than the shifting growth expectations would justify. The positioning to get the dollar down has been extreme, but what triggers a correction is not for castable. The feds leadership was more pressure on the dollar because lower rates for longer continue to pound the dollar. Forever and a day is the phrase i like the best now. The fed is willing to tolerate higher inflation to get fuller, higher employment. As much as we use the dollar index as shorthand for the perf
Spreading amongst elderly people in particular. Nationwide more than 65,000 people have been infected, over 1,200 people have died. Tokyos chie ota ward introduced a system that ranks restaurants according to Infection Prevention measures. The class one category is given to restaurants which take basic steps. Class two is awarded to those with more advanced measures in place following an n site inspection. This restaurant was among the first outlets to be assessed on thursday. Public Health Officials went through a checklist off 40 qu y queries related to the restaurants disinfection measures. Translator its reassuring that a public healt officials are conducting on site investigations. We can now welcome our customers with confidence. Translator taking preventive measures such as these will be beneficial. Our Public Health center is providing support so that restaurants can continue to operate. Officials told the restaurant it will issue stick ergs as soon as its certification is deci
California will open movie theaters on friday, at least in a limited capacity, but they are opening. Guess what . We have an ipo today. Remember those . Vroom, an online used car retailer, goes public this morning. All positive signs abound. Yet the media is jumping on the headline from a group called the National Bureau of Economic Research. That Group Reporting late yesterday that we are officially in a recession and that it began in february before the pandemic. Still scratching my head on that. You can bet we will be discussing it. And heres another return to normal for you. President trump says he will begin holding Campaign Rallies again in just a few weeks. The Trump Campaign will be joining us in the 11 00 hour. Lets go ahead as always. Im Ashley Webster. Varney company starts now. Ashley lets get straight to your money. We will start with the losers. First up, the airlines have had a really good run of late, as we know, but as you can see across the board, check out american a
After months of no magic, Shanghai Disney throws open its doors today. We will assess theme parks in the coronavirus era. Mixed we are looking at a , possibly positive start for asia. Lets go over to sophie looking at the markets. Sophie asian stocks setting up for a week delivering more Corporate Updates with about 500 companies on the msci aipac to respond this week. And the impact of lockdowns certainly how look growth will be impacted is going to be in focus. We will look at korean trade for may area so this one is edging lower, may. This one is edging lower. Chicago nikkei futures edging higher. The 10year yield adding seven basis points. Tracking the move we have seen of supplyelds pressures prelooking at the offshore yuan over 7. 09. It will bring us Monthly Economic activity data from china this week. Look at the pboc plans to strengthen Monetary Policy report and Pay Attention to growth and jobs on the mainland. Lets look at commodities this morning, oil edging lower after two
Back on washington demands for enforcement. New details on the Alibaba Hong Kong ipo, offering shares at 188 hong kong apiece. In on lets check australian markets. We are seeing a slight gain for the asx 200, gaining 2 10 of 1 according to what i am seeing, pricing on the terminal right now, aussie shares set for second weekly advance, so a mixed picture. However, when the rest of asian central, stocks under pressure, kiwi stocks nudging higher, flipping up the board to check in on the kiwi dollar Holding Steady, not moving much as we hear from the rbnz governor this morning and he said despite a pickup in the economy, they are looking at pmi data hinting at that with growth returning in october, making for the highest reading this april. The kiwi dollar set for a weekly gain after the midweek surge and on a surprise hold right there. We have the yen Holding Steady after the biggest jump in a month right there. Lets get first word news with jessica summers. Jessica thanks, sophie. Fed