1️⃣ The main news over the weekend
- Biden said the infrastructure plan is expected to create 19 million jobs in the United States.
- The USD appreciated after the 10-year US bond yield dropped rapidly to 1.68%, hitting the peak of 14 months last week.
- The US Dollar Index (DXY), which measures the fluctuations of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF).
- Moody's Analytics report shows that the US economy will add 16.3 million jobs thanks to natural job growth and the adoption of the US $ 1,900 billion COVID-19 bailout package. Thus, the president's new infrastructure plan will create about 2.6 million new jobs within 10 years.
- In Asia, the HSBC Banking Economic Research Division has just sent a report on the Asian economic outlook for the second quarter of 2020 with the statement: The Year of the Ox will show stronger economic vitality.
2️⃣ Notable economic events and data this week
- The Spring 2021 meeting of the International Monetary Fund (IMF) and the World Bank will be held online from April 5-11. Two major institutions will release "World Economic Prospects. "and" Global Financial Stability Report ", and there will be economic prospects, that can have an impact on the expected economic recovery.
- On the central bank side, the Federal Reserve will publish the minutes of the FOMC monetary policy meeting this week; The European Central Bank will also publish the minutes of its policy meeting from March 10 to 11.
Australia will announce the interest rate solution. Fed Chairman Powell will attend the International Monetary Fund and World Bank spring annual meetings. European Central Bank President Lagarde will participate in the online meeting of G20 Finance Ministers and Central Bank Governors.
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