China’s strengthening economic recovery is one factor that is behind the recent currency strength. It also has significant implications for the iron ore market. At around 4% of global GDP, the iron ore market can be a leading indicator for global activity, particularly as a hedging tool. I lay out iron ore’s macro characteristics in this primer.
Staying with Asia, Caroline Grady continues her fortnightly dive into Asia currency markets highlighting the case for further CNH appreciation and INR’s ongoing divergence from the dismal economic reality in India.
Dominique Dwor-Frecaut sticks with her bullish outlook for the US, writing on why the prospect of mass immunization by mid’ 2021 could catch US policymakers and markets off guard. Our COVID tracker today details yet another daily high in US COVID cases while we discuss how this is complicating Trump’s reelection bid in our weekly US election tracker.
As a reminder, we also featured several exclusives earlier this week. Mirza Baig wrote on BI’s debt monetization plan, John Tierney continued his series on the underlying weakness in the US labour market and John Butler gave his view on Bitcoin, CBDCs and gold in the race for alternative money.
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