first_imgIt held that ground to stand at $1.0838 per euro on Friday – ahead 2.7 percent for the week. Against a basket of currencies the dollar is up 1.8 percent for the week so far at 100.210, its best performance since mid-March.Moves in Asian trade were slight since traders are bracing for bad news when monthly US payrolls data is published at 1230 GMT.The coronavirus pandemic is worsening in the United States and as lockdowns extend, weekly jobless claims already soared to a massive 6.6 million last week.The dollar was firmer against most other major currencies, last trading at $0.6054 per Australian dollar, $0.5903 per New Zealand dollar and $1.2376 per pound. It bought 108.00 Japanese yen.”The US labour market has more or less collapsed,” said Commonwealth Bank of Australia currency analyst Joe Capurso.”The increase in the dollar because of the poor US economic data reflects the dollar’s status as a counter-cyclical currency. It lifts when the global economy deteriorates, even if the deterioration in the global economy is the US”CBA forecasts a 200,000 drop in employment, higher than the median estimate of a 100,000 drop according to a Reuters’ survey of economists – though like most, they expect far worse to come as the data catches up to the damage in the real economy.Global coronavirus cases surpassed 1 million on Thursday, with more than 52,000 deaths as the pandemic spread further in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data.Japanese bank Nomura expects the world economy contracted 18 percent in the first quarter, on an annualised basis, and is tracking toward shrinking 4 percent in 2020.The overnight 21 percent surge in the price of crude oil futures to $29.94 gave fleeting support to commodity currencies, especially the oil-exposed Norwegian krone, which hit a three-week high, and Canadian dollar.Flows out of just about every asset in emerging markets in to the dollar continue, with MSCI’s emerging market currency index sitting not far above three-year lows touched last month.”Until the virus peaks, we anticipate the selling pressure will prevail and capital outflows will continue, although the biggest wave may have occurred in March,” said Piotr Matys, senior emerging markets FX Strategist at Rabobank in London.”If a synchronised global recession transforms into depression, then all bets will be off.”Topics : The dollar edged toward an almost 2 percent weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic.The gains consolidate the dollar’s strength after a topsy-turvy end to last month, which had the dollar soaring in a scramble for cash, then slumping as the US Federal Reserve flooded the market with liquidity.The largest ever daily gain in crude oil prices helped the greenback to its best day in two weeks against the euro overnight, since the United States is the world’s top oil and gas producer.last_img read more

first_imgIt’s not MLB Opening Day if people aren’t overreacting to the first of thousands of results over the course of a six-month season.Opening Day 2020 isn’t yet here, of course, because MLB is waiting for the coronavirus (COVID-19) pandemic to ease. In the meantime, the makers of the Strat-O-Matic baseball simulation game are giving fans an opportunity to practice crowing or making cracks at the initial signs of success or failure. MORE: The 15 things we miss about baseball, rankedSOM will be simulating the ’20 schedule while MLB’s return is delayed. The first day of games was played Thursday, through the company’s Baseball Daily platform. The results were mostly realistic and, naturally, ripe for fun hyperbole. Here’s a starting nine for the start of the project:Your new AL East overlords: the Red Sox and OriolesJust like everyone expected. The Sox topped the Blue Jays 3-2 on Rafael Devers’ second homer of the game, a solo shot in the top of the ninth off Ken Giles. The Orioles rallied to beat the Yankees 3-2 at Camden Yards. (OK, so the game isn’t 100 percent accurate, although Gleyber Torres did homer and Gary Sanchez was injured.) Opening Day is peak time for dreaming, as fans of every 1-0 team can tell you.Edwin Diaz is still not goodThe Nationals-Mets sim was tied after eight, and instead of Seth Lugo (broken toe) taking the mound, it was Diaz, who lost his closer’s job to Lugo late last season. The Strat Diaz served up a solo homer to Howie Kendrick, who hits just dingers whatever the setting. Daniel Hudson slammed the door in the bottom of the ninth for a 4-3 Washington win.Chris Archer had a better revenge game than Charlie MortonThis Pirates-Rays Opening Day would have been interesting in real life because the starting pitchers each pitched for their respective foes. In the sim, Archer outdueled Morton by throwing six scoreless (Morton gave up two over six) and the Bucs went on to a 4-1 win at Tropicana Field.Klubot is backThe real Rangers picked up Corey Kluber in an offseason trade with the Indians; on virtual Opening Day, cyber Kluber pitched like a two-time Cy Young Cyborg. He blanked the Mariners on three hits and struck out 10 over seven innings as Texas rolled to a 10-0 victory.Mike Trout: Still good at baseballEven pretend baseball. Trout homered twice and led the Angels past the Astros 9-6 at Minute Maid Park. The Halos trashed Astros starter Zack Greinke (installed in place of injured Justin Verlander) en route to the win.White Sox: OverratedChicago has made real-life noise about being a playoff team this year; in the sim world, it’s 0-1 after a 5-2 loss to the Royals. Lucas Giolito (five innings, four runs) was not an ace.The Dodgers may never loseLA is on pace to go 162-0 after routing the Giants 10-3. Mookie Betts went hitless but Max Muncy and Justin Turner combined for five hits and five RBIs to back Clayton Kershaw.Rockies-Padres can only be weirdRemember the real teams’ bonkers, historic series at Coors Field last June? The online alter egos did them proud to start the 2020 season sim. San Diego scored four in the bottom of the ninth to force extras, and then both teams then scored in 12th before Colorado plated three in the 13th for a 10-7 victory. Mixed bag for the big moversHere are the sim debuts for some of the stars who changed teams in the offseason:Betts: 0 for 4 with an RBI.Gerrit Cole: One run over six innings.Anthony Rendon: 2 for 4, two runs scored.Madison Bumgarner: Five innings, three runs, no-decision.Josh Donaldson: 0 for 3, two strikeouts.Hyun-Jin Ryu: Five innings, one earned run, six Ks.If you’re a seamhead gamer or just a fan who’s going through baseball withdrawal, these sims ought to help you stay sharp(-witted) as you wait for the real games to begin.last_img read more