Jackson Hole Symposium Starts Today; Chinese Stimulus Boosts Stocks; US Dollar Index Sells Off; US Preliminary GDP Data Due.
currency pairs which broke to new long-term lows earlier this week. The US Dollar Index remains close to a 20-year high.
Today will see the release of US Preliminary GDP data, which will give further indication as to whether the US is in a recession, and how strong it is if so.It is estimated that 67.5% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 7.6% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.
Total confirmed new coronavirus cases worldwide stand at over 603.5 million with an average case fatality rate of 1.0The rate of new coronavirus infections appears to now be most significantly increasing in Japan and South Korea.
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