US National Institute of Allergy and Infectious Disease Director Anthony Fauci said on Friday that there were not yet any indications that the new Covid-19 variant was already in the US, according to Reuters. The US will decide on any potential travel bans after getting more information, Fauci added, saying that the US was in close communication with South African scientists.
The latest comments from Fauci have not impacted the market's already very downbeat sentiment. Market participants eagerly await more information about the new variant and what the global policy response to it, if it is as dangerous as feared, might be.
Follow us on Telegram
Stay updated of all the news
AUD/USD bulls stay in the game and eye higher before correction
AUD/USD advanced mid-week and extended the gains on Thursday´s New York session as the US Dollar tumbled. AUD was helped by better China factory data and due to the hopes that the Federal Reserve will pause the rate hike.
EUR/USD bulls need validation from 100-day EMA and US NFP
EUR/USD seesaws around 1.0760 during Friday’s sluggish Asian session, after rising the most in nearly two months the previous day. In doing so, the Euro pair portrays the pre-NFP consolidation amid a cautious mood and a light calendar, as well as mixed technical catalysts.
Gold eyes a sustained break above $1,980 amid chaos over Fed’s rate guidance
Gold price has sensed marginal selling pressure after failing to sustain above the crucial resistance of $1,980.00 in the Asian session. The precious metal showed a solid upside on Thursday, capitalizing efficiently on a sell-off in the US Dollar Index (DXY).
Pro-XRP lawyer: Ripple losing the SEC lawsuit might be a blessing in disguise
XRP price made a decent recovery in the month of May, fueled by Ripple's chances of winning the lawsuit it is facing against the Security and Exchange Commission (SEC). The cryptocurrency has amassed a huge base of supporters, which might potentially expand further regardless of the outcome.
The June rate hike needle has been moved precipitously lower
Even though equity market investors had, for the most part, looked through the debt ceiling drama, US stocks still rallied in relief rally fashion as investors revelled after perhaps one of the most significant economic downside risks of the year had been skirted.