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13.09.202112:12 Forex Analysis & Reviews: Weekend news

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Exchange Rates 13.09.2021 analysis

North Korea fired test missiles that hit targets at a distance of 1.5 km.

In the US, Patrick Harker said the FOMC is going to start tapering this year.

Senator Joe Manchin also said he would not vote for the $ 3.5 trillion plan.

Meanwhile, the wholesale price index in Germany rose 0.5% in August, slightly lower than the expected 0.8%.

Producer price index in Japan remained the same, instead of gaining by 0.2%.

In New Zealand, the food price inflation index rose 0.3%, tallying growth for five consecutive months.

There were also comments from ECB chief Christine Lagarde, Isabel Schnabel and OPEC monthly report.

With regards to digital assets, the SEC reported that Ark Investment Management is launching funds that offer investments in a Canadian Bitcoin ETF. The application states that the fund in question can invest in funds registered in Canada, in particular, with the allocation of Canadian bitcoin ETFs. But SEC notes that the risks associated with investing in the fund are similar to the risks of direct investment in bitcoin.

El Salvador announced that it will establish bitcoin tax breaks for foreign investors in order to encourage entrepreneurs and investors to enter the country.

Irina Yanina
Analytical expert of InstaForex
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