Yesterday saw most currencies rise against the US dollar with the greatest medium-term strength in the Australian and New Zealand dollars. We may see this momentum continue as it has been first all week in the antipodean currencies.
The ADP non-farm payrolls forecast came in at 347k new jobs created compared to the 640k which had been generally expected by the market.
US ISM manufacturing data came in slightly higher than had been expected, at 59.9 compared to the 58.5 which had been generally expected by the market.
Last week saw the first global weekly fall in global new confirmed coronavirus cases in over 2 months.
It is estimated that 39.6% of the world’s population has had at least one dose of a coronavirus vaccination.
Total confirmed new coronavirus cases worldwide stand at over 219.2 million with an average case fatality rate of 2.07%.
The rate of new coronavirus infections appears to now be increasing most quickly in Albania, Armenia, Australia, Azerbaijan, Barbados, Belarus, Belize, Bosnia, Bulgaria, Canada, Costa Rica, Estonia, Ethiopia, Germany, Israel, Jamaica, Japan, Kosovo, Malaysia, Mongolia, Montenegro, New Zealand, Norway, Philippines, Russia, Serbia, Slovenia, Sri Lanka, Switzerland, the U.S., the U.K. and Vietnam.