GLOBAL & REGIONAL DAILY (Wednesday 31 March, 2021)
GLOBAL & REGIONAL DAILY
March 31 2021
Market participants are eagerly awaiting today US President Joe Biden to unveil the first part of his new infrastructure plan, reportedly involving measures worth around $2.25bn. In FX markets, the USD remained broadly firm, with the dollar index (DXY) moving above 93 for the first time since mid-November 2020.
The Economic Sentiment Indicator (ESI) in March 2021 came in at 96.9, an 11-month high, rising by 5 units, which constitutes the sharpest increase since September 2015.
CYPRUS: The IMF warned that the reversal of the foreclosure framework reform would obstruct ongoing NPL resolution and jeopardize financial stability.
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