Upside hopes for the GBP?
The British monthly GDP is announced on Friday at 09:00 MT time.
Japan exports jump in September on soaring global demand
In September, Japan's exports ascended for a tenth straight month, underpinned by positive demand from overseas, as a Reuters survey disclosed on Friday. It underscored a steady economic revival.
Exports managed to grow 14.9% in September versus 2016, following August’s 18.1% rally. It’s the fastest pace of surge in almost four years, as the poll of 18 experts disclosed.
Imports gained 15%, soaring for nine months in a row, as the survey discovered.
In September, Japan reported trade surplus of approximately 559.8 billion yen.
This Asian country’s export sector has been backed by a soar in demand for Japanese cars as well as electronic devices, particularly electronic displays and semiconductors. Japan’s exports are still positive. It’s especially true for shipments to the United States and Asia.
In Washington, the United States and Japan will hold the second round of economic negotiations on October 16.
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The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
Will the USD grow with the US labor market?
The US unemployment claims are out on Thursday at 15:30 MT time.
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ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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