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ForexLive European FX news wrap: Xmas Eve edition

Posted: 24 Dec 2021 02:28 AM PST

Headlines:China to extend tariff exemption for 124 US import items until 30 June next yearVaccine booster effectiveness seen waning after one month, latest study showsChina's 'two sessions' to begin on 4 March 2022, state media reportsIt's all quiet as we wind down to the festive period. FX is relat

China to extend tariff exemption for 124 US import items until 30 June next year

Posted: 24 Dec 2021 02:09 AM PST

The full press release can be found here. All part and parcel of the theatrics when it comes to the ongoing battle between the two countries.

Omicron schm-omicron?

Posted: 24 Dec 2021 01:42 AM PST

There's still much uncertainty on how omicron is going to play out but the general line of thinking now is that things won't be as bad as last year. However, there is some room for caution as vaccines are seemingly less effective and the virus strain is more highly transmissible.So, how does all of

Vaccine booster effectiveness seen waning after one month, latest study shows

Posted: 24 Dec 2021 12:09 AM PST

The latest analysis by the UKHSA reveals that people with omicron are significantly less likely to develop severe symptoms but at the same time, vaccine boosters also see its effectiveness quickly wear off.On the former, early results suggest that people are 50 to 70% less likely to be hospitalised

China's 'two sessions' to begin on 4 March 2022, state media reports

Posted: 23 Dec 2021 11:41 PM PST

The 'two sessions' is where the two main political bodies in China meet to discuss and plan policies involving the economy, trade, military, environment etc. If it is the same as this year, then it should last for about a week.Some key things to look out for will be any revised views on China's five

Fed a key focus next year but don't forget about the political risks in the US

Posted: 23 Dec 2021 10:54 PM PST

There's no other way around it. The Fed will be a major focus in the market next year and will likely dominate the bond market and dollar landscape for months on end. But with the midterm elections in November, be wary that there might be a considerable amount of political risk also at play dependin

A look out at Europe going into next year

Posted: 23 Dec 2021 10:04 PM PST

With the ECB needing to balance out introducing more QE and surging inflation pressures, how are the other macro developments going to play out for Europe next year? Let's take a look.Germany remains the economic backbone2021 has not been a kind year for Germany. The worsening supply bottlenecks acr

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