EUR/USD remains under selling pressure. Fed’s dovish tone couldn’t help bulls in EUR/USD. Further decline towards the 1.17 region can be expected. On Friday, the EUR/USD forecast remained inclined to decline all day. The dynamics of EUR/USD were influenced by macroeconomic reports from the Eurozone. -Are you interested to find high leverage brokers? Check our...Read More
(Reuters) – Minneapolis Federal Reserve President Neel Kashkari said many U.S. economic sectors faced rapidly rising prices and were struggling to adjust to reopening after the shutdown. “Basically, what’s happening is the U.S. economy went through a very abrupt shutdown a year ago,” Kashkari told NPR in an interview published on Saturday n.pr/36Hn8fk. “And now...Read More
I want to tell you a quick story. It’s about a federal government that had to rebuild its economy after a crisis. The government knew its job would be easier if it worked with other countries. It also had support from the voting public, which was happy to rebuild the economy on a different model because...Read More
Pakistan’s currency has dropped by 64 paise against the dollar, owing to the high demand for import payments on the last day of the trading week.
According to the currency dealers of the country, the rupee weakened 0.40 per cent against the dollar on Friday because of high demand for...Read More
NEW YORK, July 15 (Reuters) – Expectations that the U.S. economic rebound will slow in the second half are weighing on small cap stocks, forcing fund managers to look for companies that could continue to profit in a lower growth environment. The Russell 2000 index, which tracks smaller companies, has underperformed the S&P 500 in...Read More
Leaders of Asian Pacific nations agreed on Friday to step up COVID-19 vaccination sharing efforts as China said it has pledged $3 billion in international aid to support coronavirus response efforts in developing countries. The virtual retreat for Asia-Pacific Economic Cooperation leaders included U.S. President Joe Biden, Chinese Prime Minister Xi Jinping, Japanese Prime Minister...Read More
Across Europe, governments and businesses are maneuvering to try to stop a surge in coronavirus cases — driven by the rapid spread of the Delta variant — from hampering the continent’s recovery. For the past few months, the relaxation of pandemic restrictions and the growing ranks of the vaccinated have propelled the economy forward. The...Read More
U.S. dollar index heads for 0.5% weekly rise Virus jitters, rates outlook keeps USD supported NZD jumps as inflation surges to decade-high SINGAPORE, July 16 (Reuters) – The dollar headed on Friday for its best weekly gain in about a month, supported by buying on investor worries about quicker U.S. interest rate increases and by...Read More
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