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30 Jul 2021

Japan's Suga: Coronavirus is spreading at unprecedented speed

Japanese Prime Minister Yoshihide noted on Friday that the coronavirus is spreading at an unprecedented speed in Japan and added that the delta variant is a major factor behind that, as reported by Reuters. 

"We are worried that the virus will continue to spread further," Suga said and revealed that the proportion of the elderly among those infected is between 2% and 3%.

Market reaction

These comments don't seem to be having a significant impact on the JPY's performance against its rivals. As of writing, the USD/JPY pair was up 0.12% on the day at 109.58.

Jul 30, 2021

US Dollar Index remains under pressure below 92.00

The US Dollar Index (DXY), which gauges the greenback vs. its main rivals, stays on the defensive around the 91.80 levels on Friday. US Dollar Index n
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Jul 30, 2021

EUR/USD advances to new highs beyond 1.1900, recedes afterwards

The single currency keeps pushing higher and encourages EUR/USD to briefly surpass the 1.1900 mark for the first time since late June. EUR/USD up on U
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