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With global economic situation waking up perpetually on the wrong side of the bed, and the Brexit uncertainty remaining to be in the cards, the USD is caught in somewhat a modest weakness.
Amidst the threat of more interest-rate cuts, from the international central banks, a resolution to the already dragging U.S.-China trade war had been supportive of the recent rally in the global stock markets. This had pressed its weight on the USD's supposed safe-haven status.
Adding to the drama, the U.S. economy had showed signs of slowdown, thus motivating the Federal Reserve to provide support through further interest rates cuts.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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