Sun, September 25, 2022
Economy

When some think of railroads, we think of 19th-century locomotives and men

saudi arabian
Economy

Saudi Arabia is planning to balance its state budgets over the medium

Zambia and interesting details
Economy

Countries in different parts of the world are trying to minimize the

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Economy

When some think of railroads, we think of 19th-century locomotives and men

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Forex

Just over half of the economists predict that Japan would not step

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Rate Cuts Crash Yuan

The yuan slipped below a key level on Monday after further easing of monetary policy. Other Asian currencies fell in anticipation of a Federal Reserve meeting later this week. The yuan saw a 0.4%

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FOREX NEWS

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Dollar vs Yuan

Yuan Dips Beyond Milestone, Will Dollar Dip Continue?

Investors anticipated the U.S. Fed to be proactive when it raises interest rates next week, which led to the dollar index’s tiny decline on Friday but gain for the week. Meanwhile, the Chinese yuan fell through the crucial 7

Yen Resumes Its Downward Trend, Will It Recover Soon?

The US dollar rose in early European trading on Thursday as buyers readjusted their positions ahead of next week’s Fed meeting. The yen also struggled to maintain the uptrend of the previous session. The Dollar Index compares the dollar’s

Dollar, Fed

CPI Statistics Stabilize the Dollar

Early on Wednesday in European trading, the U.S. dollar steadied. The new U.S. inflation data boosted the dollar. The Dollar Index (DXY) measures the dollar’s value against six currencies. It was steady at 109.510 at 03:00 ET (07:00 GMT);

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U.S. CPI Sets a Lower Start for U.S. Dollar

Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday.   The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79

oil

Should You Be Worried About Oil Prices?

The price of oil rose on Monday. Meanwhile, supply worries ahead of the EU’s oil embargo on Russia in December outweighed worries about a global recession that could dampen gasoline demand. Brent futures rose 0.5 percent on Friday and

Dollar vs Yuan

Yuan Dips Beyond Milestone, Will Dollar Dip Continue?

Investors anticipated the U.S. Fed to be proactive when it raises interest rates next week, which led to the dollar index’s tiny decline on Friday but gain for the week. Meanwhile, the Chinese yuan fell through the crucial 7

Is Recession Threatening the Oil Market?

Despite a little increase on Friday, oil prices continued to drop for the week due to concerns over sudden interest rate increases that would hurt the global economy and fuel consumption. As of 03:15 GMT, Brent oil futures were

Dollar bills

U.S. CPI Sets a Lower Start for U.S. Dollar

Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday.   The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79

BROKER NEWS

Rate Cuts Crash Yuan

The yuan slipped below a key level on Monday after further easing of monetary policy. Other Asian currencies fell in anticipation of a Federal Reserve meeting later this week. The yuan saw a 0.4% drop. It traded at 7.0080 against the dollar. The Chinese currency crossed the significant seven

China Stock

China Economy Worries Weigh Down EV Stocks

Electric vehicles are headed to be the next big thing in the automotive industry. After Tesla paved the way, many car makers jumped on the trend and started their own EV production. That’s a sound move, especially when you consider the stock market. Many believe Tesla to be

UK

Recession Looming in the UK as Pound Tumbles

If you’ve been following news in 2016 in the slightest, you’re likely aware of Brexit’s impact on the UK. It was the talk of the town, with many aspects of the UK’s economy suffering damage that would take years to repair. However, with the current questionable future of

Economy

Time to Buy a House? Housing Market Weakens Slightly

One of the main gripes with adult life in the US is that the housing market is out of control. Rent is rising sharply, especially in major cities, while wages haven’t nearly caught up. Not many Americans in their 20s and 30s even dare dream of buying a

Ruble Finishes Near 60 Versus The Dollar

Ruble Finishes Near 60 Versus The Dollar

The ruble increased 0.1% versus the dollar at 59.80 at 0810 GMT. It hit 60.41 as it rose from a nearly four-week record level of 57.70 on Friday. Versus the euro, it accumulated 0.1% to 59.40. Meantime, the euro also fell to a new two-decade low versus the

Ruble Finishes Near 60 Versus The Dollar

Ruble Finishes Near 60 Versus The Dollar

The ruble increased 0.1% versus the dollar at 59.80 at 0810 GMT. It hit 60.41 as it rose from a nearly four-week record level of 57.70 on Friday. Versus the euro, it accumulated 0.1%

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