Forex Today: Fearful Markets Sink Stocks, Boost Dollar

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Forex Today: Fearful Markets Sink Stocks, Boost Dollar
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Globs Stocks Lower for 4th Day; S\u0026P 500 Close to 2-Year Low; Australian, New Zealand Dollars at 2-Year Lows; Greenback Stronger

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after OPEC announced a production cut of 2 million barrels per day last week. However, the price has been falling for some hours.

There will be a release today of the FOMC Meeting Minutes, which will be keenly observed for clues about the Fed’s recent thinking, which is expected to show neither growth nor contraction over the past month.Daily new coronavirus cases globally rose last week for the first time since July, although the overall number is relatively low.

It is estimated that 68.2% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 7.9% 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 627 million with an average case fatality rate of 1.05%.

The rate of new coronavirus infections appears to now be significantly increasing only in Austria, Finland, Germany, Italy, Liechtenstein, Micronesia, Singapore, and Taiwan.

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