are targeting with the home made vaccines which happen rate of 50%, so the situation is not yet completely optimistic. is not yet completely optimistic. is not yet completely otimistic. , ., ., is not yet completely otimistic. ., ., .,~ optimistic. guido, good to talk to, thanks optimistic. guido, good to talk to, thanks for optimistic. guido, good to talk to, thanks for your optimistic. guido, good to talk to, thanks for your analysis . optimistic. guido, good to talk to, thanks for your analysis of| to, thanks for your analysis of those latest trade numbers. we talk a lot about us china trade tensions, and the two leaders president biden and president xi are busy building stronger ties with their own friends. while president biden visited the site of a huge new semiconductor plant in arizona, built by taiwanese chip giant tsmc, the chinese president is about to be let s speak to mariko oi in our asia business hub, mariko, quite a contrast! indeed, because one of the reasons sa
tomorrow. it is the most important political event. we say that every five years. this one is particularly important because the party is veering off course a little bit and allowing him to stay in power. we know that is going to happen through the party announcements that have been happening over the past few weeks. he is staying in power. he is giving a big speech tomorrow. we will be looking for any references to taiwan, anything he is going to be saying about the economy. this is not supposed to be a policy speech as such. we are going to be looking for long term trends. however, china s economy is in the doldrums. we have a record high youth unemployment. trade numbers are way down. we are looking at growth we have not seen in decades, negative growth. and so, really people are going to be looking for signals, looking for a vision. this is a man who came into power ten years ago with the bold vision. will he be able to do that again and give the country a boost that it really need
been a sort of early experimental actually, what would happen if you get this level of infection from this variant in that particular community? we think it is really interesting what has happened in bolton. if you actually look at the number of hospitalisations that we saw in bolton in this phase, it actually peaked at around 50. fascinatingly, if you compare that to november, there were around 170 people with covid 19 in bolton, and if you compared to january or february, there were 150 people with covid 19 in bolton. so much no much lower numbers. there is a second really important bit, and it is important that you don t miss stop you can just trade numbers. is important that you don t miss stop you canjust trade numbers. but what is really interesting is that the team in bolton is saying that the team in bolton is saying that the people who came in this time around, be 50, were actually a lot younger, and they were less at risk of very serious complications, less at risk of deat
thank you. outcome economically. for now, thank you. good outcome economically. for now, thank you, good to outcome economically. for now, thank you, good to see - outcome economically. for now, thank you, good to see you, - thank you, good to see you, mariko 0i in singapore. let s get some of the day s other news. south korea just out with some very healthy trade numbers for may. exports rose 45% from a year ago its steepest growth in 32 years! semiconductor exports are a big driver of that, as are exports to china. imports, though, rose a little less than estimates, possibly indicating a slower recovery in consumption at home. australia s nine entertainment is the latest media company to sign deals with facebook and google to provide news. according to local media, the agreement with google is worth about $115 million a year, while facebook s is about half that. the world trade organization has again failed to agree to suspend patent protection rules for covid vaccines, despi
12/14/2020 4:49:23 PM GMT | By Joel Frank
The US dollar has seen a pick-up from lows in recent trade, which has weighed on NZD/USD.
The pair has dropped back below the 0.7100 level and now trades flat on the day close to 0.7080.
NZD/USD rallied to fresh multi-year highs at 0.7120 on Monday, but has reversed back below 0.7100 to 0.7080 in recent trade amid a broad pickup in the US dollar from lows that has seen the Dollar Index recover from the 90.40s back towards 0.9080. As things stand, NZD/USD trades pretty much flat on the day.
NZD conforms to USD dynamics
Amid a lack of New Zealand or other fundamental drivers of note coming from down under, NZD is largely trading as a function of USD on Monday. Thus, the pair was initially boosted to year-to-date highs as USD fell to year-to-date lows on vaccine optimism (US FDA approved the Pfizer vaccine over the weekend) and Brexit hopes (talks did not break down over the weekend and continue