Industry

Russian Ruble Declines to 10-Week Low as Country Grapples with Covid-19

The Russian ruble fell 1% to trade at 72.30 against the greenback today, mirroring the weakest exchange rate since May…

4 years ago

US Reports 13-yr High Single Family Home Sales in June

The US dollar fell against the pound despite the report of near 13-year high home sales in June. Notably, the…

4 years ago

South Korea Economy Contracts 3.3% q-o-q in June, Enters Recession

The GDP of South Korea decreased 3.3% q-o-q in June, following a 1.3% drop in the earlier period, and worse…

4 years ago

Euro Hits 4-Month High after EU Reaches Landmark Agreement on Covid-19 Recovery Package

European stocks gained ground today after the EU leaders agreed to a landmark agreement on €750 billion Covid-19 recovery package…

4 years ago

Russian Ruble Turns Weak as Unemployment Rate Soars to Four Month High

The Russian ruble lost ground against the greenback Friday after the report of highest unemployment rate in four months. The…

4 years ago

Bank of Canada Leaves Interest rate Unchanged, QE Program to Continue

The Bank of Canada, following the monetary policy meeting, announced its decision to hold the interest rates unaltered at 0.25%,…

4 years ago

China Central Bank Increases Liquidity By CNY 50 Billion

The People Bank of China (PBoC) increased the liquidity in Chinese banking system by CNY 50 billion through reverse repos…

4 years ago

Dollar Records Biggest Weekly Loss in a Month as 10-Year Bond Yield Rises

The dollar index declined to 96.60 against a bouquet of currencies Friday, recording a 0.6% slump is a single week,…

4 years ago

Pound Rallies on Announcement of New Stimulus Measures

The pound hit 1.2560 against the dollar Wednesday, before drifting lower to reach 1.2530 as Chancellor Rishi Sunak gave additional…

4 years ago

Australia Job Advertisements Surges 42% m-o-m in June

The Aussie rallied against the greenback in the Asian session after the report of improvement in Melbourne Institute inflation data…

4 years ago