Omicron and inflation
There was little change in the financial markets last week. Equity markets ended the year near their highs, long rates continued their very slow rise…
Strong economic indicators pushed US bond yields and the USD higher yesterday. The US job report released today could reinforce these trends if it shows a sharp rebound in job creation in May or revises April data upwards, as it is likely. The EUR/USD exchange rate plunged by nearly 1 USD, just above 1.21.
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