Market Talk – Tuesday, Feb. 16

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0034 or -0.44% to 0.77542
  • NZDUSD decreased 0.003 or -0.41% to 0.72053
  • USDJPY increased 0.55 or 0.52% to 105.94
  • USDCNY increased 0.02305 or 0.36% to 6.42872

Precious Metals:

  • Gold decreased 23.16 USD/t oz. or -1.27% to 1,795.35
  • Silver decreased 0.406 USD/t. oz or -1.47% to 27.184

Some economic news from last night:


Tertiary Industry Activity Index (MoM) increased from -0.6% to -0.4%

South Korea:

Export Price Index (YoY) (Jan) increased from -4.7% to -2.3%

Import Price Index (YoY) (Jan) increased from -9.9% to -6.7%


HIA New Home Sales (MoM) decreased from 91.8% to -69.4%

New Zealand:

External Migration & Visitors (Dec) decreased from -98.60% to -98.90%

Permanent/Long-Term Migration (Dec) decreased from 643 to 451

Some economic news from today:

New Zealand:

GlobalDairyTrade Price Index increased from 1.8% to 3.0%


German Economy Minister Peter Altmaier stated that the country should not reopen due to fears of a third wave of coronavirus cases. The current lockdown, extended until March 7, but salons may begin to open on March 1. Factories, offices, and grocery stores have remained open throughout the extended lockdown. Chancellor Merkel said she would like to see the German economy gradually reopen, aiming for an infection rate of under 35 new cases per 100,000 per week. The country is currently experiencing 59 cases per 100,000 people as of Tuesday.

Nearly 15.6 million Britains have received the coronavirus vaccine, marking the fastest large-scale vaccination program of any country thus far. The country purchased numerous vaccines from different manufacturers to avoid a shortage. Clive Dix, who leads the country’s vaccine rollout plan, believes that all adults in the UK could receive both doses of the coronavirus vaccine by August, September, “or sooner.” Dix aims to have over 100 million doses delivered in the near future and plans to issue the vaccines as quickly as possible.

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