European economy

Gold rebounds in Asia
Markets

Gold rebounds in Asia

SINGAPORE: Gold gained in Asian trade on Thursday from a three-week low hit in the previous session, as the US ...
Published 02 Apr, 2021 04:58am
Euro set for biggest monthly drop since mid-2019; yen shorts grow
Markets

Euro set for biggest monthly drop since mid-2019; yen shorts grow

  • The euro slipped 0.2% in London trading at $1.1774, nearing last week's four-and-a-half-month trough of $1.1762. On a monthly basis, it is down 2.3%, its biggest drop since July 2019.
  • In a nutshell, the US economy is much stronger and miles ahead in the immunization game compared to Europe's and Japan's, and this ultimately translates into the Fed normalizing policy years before the ECB or the BoJ.
Published 29 Mar, 2021 05:57pm