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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Despite the US Dollar's decline, EUR/USD bulls surge

Daniel Rogers

Dec 06, 2022 15:05

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The US Dollar's decline has caused the EUR/USD to reach the apex of the bull cycle, which started at the end of September. The Euro has climbed from 1.0489 to 1.0507 thus far on Tuesday, up 0.12%.

 

However, since the start of the week, the US Dollar has been the main driver, and today's bid reflects little of what happened to risk appetite on Monday. Due to the unexpected expansion in the US services sector in November, many predict that the Federal Reserve will increase interest rates by a larger amount than previously predicted.

 

Following a recovery from the 104.11 bearish cycle lows in November, the DXY index, which measures the US Dollar against the US dollar, has retreated to the 105 area. As a result, the Euro declined at the start of the US session for the week as a result of a flight to safety following a decline in market optimism regarding a potential easing of COVID restrictions in China.

 

Investors' appetite for risk has increased as a result of several Chinese localities easing their COVID restrictions in what appears to be a shift toward gradual reopening as the nation approaches its fourth year of the pandemic. However, despite the partial relaxation, there are still many restrictions in place, and in some parts of the nation, new lockdowns and travel restrictions are still being enforced.


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