The U.S. has the largest economy in the world and second place belongs to China. Thus, tensions between the largest economies have the potential to create additional problems for the global economy. On Wednesday, investors analyzed the potential impact of rising tensions between Washington and Beijing. Let’s have a look at the stocks across Asia. …
The U.S. dollar climbed up on Wednesday after declining recently. Renewed protests in Hong Kong, along with worries about the U.S. response to China’s proposed security law, boosted safe-haven demand for the greenback. The dollar jumped to $1.2320 against the pound, rising from its lowest level in two weeks. It also traded at $1.0958 per …
U.S. dollar soared while Chinese Yuan declined on Wednesday Read More »
The crypto industry step-by-step became part of the modern world. However, it is not easy to spend cryptocurrencies such as Bitcoin to pay for various goods and services. Retailers prefer to deal with cryptocurrencies due to crypto’s volatility. One crypto startup from Switzerland decided to make life easier for the people who would like to …
Once the global agreement on the production cuts expires in 2022, the Russian government plans on drilling idle oil wells to prepare for the restoration of oil output. The Russian government has published the statement on its approval of the program on Tuesday. At the beginning of April, the Organization of the Petroleum Exporting Countries …
Russia prepares pump oil after the OPEC deal expires Read More »
The Federal Aviation Administration granted an emergency waiver to Zipline’s drones delivery service. This was to enable the delivery of medical supplies and personal protective equipment in North Carolina. They are being sent to a Novant Health Medical Center in Charlotte, NC via routes that the FAA had approved. With consideration of the pandemic, the …
FAA Approves Zipline’s Med Supplies & PPE Delivery in NC Read More »
The coronavirus pandemic created additional pressure on the economy of Singapore. As a result, the country downgraded its economic forecast for 2020. Importantly, Singapore’s economy is expected to shrink by between 4.0% and 7.0% this year. This information came from the country’s Ministry of Trade and Industry. Unfortunately, Singapore downgraded its economic forecast for the …
Singapore Downgraded its Economic Forecast for 2020 Read More »
The Forex market rallied on Tuesday due to rising optimism about a global recovery from the coronavirus pandemic. As a result, the U.S. dollar fell, but riskier currencies surged forward. The Australian and New Zealand dollars rose by 0.3%. On Tuesday, the Aussie was steady at $0.6559 along with the kiwi at $0.6112. However, they …
Several Asian currencies rallied due to riskier sentiment Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNOK Right now, the fundamentals are mainly supporting the Norwegian krone, helping it to recover against the single currency. Technically speaking, the krone is a commodity currency, meaning that it’s very much affected by …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
