A 5.9 million barrel drop in US oil inventories was double the expected loss sending the price of crude oil to a one month high. US Federal Reserve speakers and the release of the Beige Book reported interest rates and monetary policy remaining low. In Australia, we see 70,700 new jobs being created and their unemployment rate coming down to 5.6%, the lowest since April 2020

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Daily Currency Insights

Japanese service sector weakens Yen

World vaccine-led recovery countered by COVID surge in India

NZ leaves Western intelligence in favour of China

USD falls on improving prospects elsewhere

New trading week finds global markets in a mixed mood

USD strengthens – Dow and S&P at record highs

US oil stocks tumble but USD is serene

US Dollar drops on long term interest rate views

NZ businesses pessimistic for 14th quarter in a row

Sterling recovers as UK businesses reopen

Sterling dips in early trade

Sterling finds its feet

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