US stock again closed higher yesterday, and forex market also reflected the optimism: Aussie and New Zealand dollar gained over 1% at one point, and WTI closed 4.03% higher.
　　Dow Jones Index, S&P500 and NASDAQ gained 1.05%, 0.82% and 0.59% respectively upon closing yesterday.To get more news about WikiFX, you can visit wikifx news official website.
　　The upbeat mood of Wall Street will likely spill over to Asian session, creating rising momentum for Asian market and growth-oriented currencies such as AUD and NZD. Next the market is expected to shift much of their focus from the recent spotlight of RBA‘s policy decisions to the country's GDP report in Q1.
　　As a major exporter of large commodities, Australia has been trying to dodge a recession unseen in nearly 3 decades, but given the current difficult geopolitical and economic situation, the country has little chance to survive the challenge unharmed.
　　AUD/JPY surged 2.3% yesterday, and the pair had already risen 20% after bottoming out at 62.41. Right now it continues to hike and is testing the several months resistance level of 75.925-76.320.
Despite the easing of virus lockdown measures around the country, US oil demand also dropped by about 4 per cent against the previous week, the EIA said. At 16m b/d it was a quarter lower than a year earlier. More than 40m workers claimed unemployment benefits in the US last week, according to the countrys labour department.
　　The extra oil imports pushed US crude inventories sharply higher. This dug into some storage capacity, but utilisation rates remain well under the high levels that sparked WTIs collapse below zero last month.
　　Imports from countries other than Saudi Arabian including Canada, Mexico and Opec producers Nigeria and Iraq, also rose last week - and more are coming, according to analysts.
　　Recommended Oil US oil production drop steeper than expected Saudi imports "are likely to remain high in the next few weeks but they will fall sharply from mid-June," as the Opec cuts take effect.

A Chinese university has ranked as the 20th best university in the world, ranked by the Times Higher Education World University Rankings 2021 (THE), for the first time in the history of Chinese universities.To get more news about best university in china for mba, you can visit acem.sjtu.edu.cn official website.

Data shows that eight US institutions, along with two from the UK are classified in the top 10 rankings. The University of Oxford remains at the main spot for the fifth successive year, Erudera College News reports.

According to the most recent rankings, six Chinese universities have climbed up in the top 100, which means the number has doubled from three to six. Moreover, Tsinghua University is now the first Asian university to be included in the top 20 best universities in the world, whereas, three Chinese institutions which during 2016 were listed in the 201-300 group, now rank in the top 100.
In addition to this, some Chinese universities are even overtaking the middle-ranking US universities in the quality of research. Over the years, China has been making efforts to strengthen its universities by pushing them to rank amid the best higher education institutions in the world.

In a bid to achieve its goal for its universities to rank among the best in the world, China has started the implementation of various initiatives such as "Double World-Class", which is a project that aims to bring 42 Chinese universities and courses to a world-class level. Earlier, in nineties, China had similar projects named "211" and "985".

Wei Zhang, a lecturer from the University of Leicester who has been investigating the Chinese quality research, stressed that COVID-19 pandemic and its impact in the US could, among others, help China accelerate its progress regarding the country's research.

According to the statement of THE in July, the competitiveness of Chinese universities on scientific research has significantly improved in world rankings in recent years.

1,500 universities in total are included in the Times Higher Education World University Rankings 2021 from 93 countries and regions. The Times Higher Education World University Rankings work is to assess universities on some important pillars, including research, teaching, knowledge transfer as well as international outlook.