In this challenging context, the task of fostering inclusion and diversity (I&D) could easily take a back seat-and the painstaking progress made by many firms in recent years could be reversed. Not only must they protect the health of their employees and customers, they must also navigate far-reaching disruption to their operations, plan for recovery, and prepare to reimagine their business models for the next normal. 7.For business executives the world over, the COVID-19 pandemic is proving to be one of the greatest leadership tests of their careers. read moreīitcoin, the world's biggest cryptocurrency by market value, hit $50,000 for the first time since Sept. Sterling rose to a near three-week high against the euro, recovering from a sharp sell-off last week as traders turn their attention back to the prospect of interest rate rises in Britain.Ĭryptocurrencies rallied, a day after data from digital asset manager CoinShares showed cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators. The risk-sensitive Australian dollar was little changed on the day after the Reserve Bank of Australia reiterated that it does not expect to raise interest rates until 2024. borrowing limit to avoid a historic default on U.S. Worries about the debt ceiling are beginning to rattle investors as the deadline nears for Congress to raise the U.S.
With the Fed likely to soon begin scaling back asset purchases, "conditions are ripe for continued USD strength once the current, likely consolidative, correction in the dollar passes," Shaun Osborne, chief currency strategist at Scotiabank, said in a note.
Others, however, expected the greenback to resume its upward move. In my opinion, the greenback's rally was overdone and we have seen that unwind over the past three to four days," Doyle said. dollar is trying to find new ranges after a strong rally at the end of September. dollar index, which measures the currency against six rivals, was 0.2% higher at 93.981, moving back towards Thursday's peak of 94.504, its highest since late September 2020. "An underwhelming print will give the Fed dovish cover, but a blowout reading, paired with rising inflation made worse by the energy crisis will put more pressure on the Fed to begin tapering and help the greenback," said Doyle.įriday's non-farm payrolls data is expected to show continued improvement in the labor market, with a forecast for 488,000 jobs to have been added in September, a Reuters poll showed. "Nonfarm payrolls is always a market mover," said John Doyle, vice president of dealing and trading at FX payments firm Tempus Inc. labor market that could help provide clues to whether the Fed will begin tapering its asset purchases before year's end, analysts said.
ACTIVE DATA FOCUS INC UPDATE
Moves in the FX market were likely to remain largely muted for the rest of the week as investors await the update on the U.S. dollar edged higher on Tuesday, lingering close to the one-year high hit last week, as traders remained circumspect ahead of key payrolls report at the end of the week that could provide clues to the U.S.
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