The DXY dollar index soared to a 3-week high of 102.05, bringing the EUR/USD pair to strong support at 1.10. The dollar's recovery is driven by strong data on the US economy and labor market, as well as expectations of a slowdown in the Fed's rate cuts.On Thursday, the dollar index reached a six-week high, supported by indicators of the service sector and a positive picture on the labor market. The probability of a Fed rate cut by 50 bps in November fell to 32%, which led to a 1.5% strengthening... Saiba Mais
US Commerce Secretary Wilbur Ross is hoping to witness a development to lessen the significant gap... Saiba Mais
Interest will probably increase by the end of the year, according to Bank of England Governor, Mark... Saiba Mais
The interest rates were kept steady by the Bank of England on Thursday after an unexpectedly weak... Saiba Mais
Germany intends to employ higher-than-anticipated tax revenues to increase investment in the... Saiba Mais
Japan’s Inflation on consumer real wages adjusted higher in March for the first time in since D... Saiba Mais
The consumer economy of Britain was unable to bounce back in April due to snowy weather that... Saiba Mais
The central bank of Turkey intends to maintain their current monetary policy until inflation in... Saiba Mais
The American economy showed unexpected strength but the robust labor market did not trigger major... Saiba Mais
The German Industrial orders contracted unexpectedly in March. This has been the third consecutive... Saiba Mais
Bank of Japan policymakers advised about the premature debate about the withdrawal from the... Saiba Mais
The non-manufacturing business in America declined in April but the overall growth over 8 years... Saiba Mais
Trade surplus in Australia expanded to its 10-month highs in March due to increase in resource... Saiba Mais
Interest rates were kept steady by the Federal Reserve and confidently saying that recent inflation... Saiba Mais
The European economy slackened in the first quarter of this year but was able to surpass Britain,... Saiba Mais
The services sector in Japan rose at the quickest rate in first half of the year due to more demand... Saiba Mais
Household borrowing in Britain fell to its lowest level after 5 ½ years in March. On Tuesday, ... Saiba Mais
The service industry in China rose for the month of April based on the official survey on Monday,... Saiba Mais
The Lloyds Bank survey indicates that British firms are very optimistic towards its economy. More... Saiba Mais
France, the euro zone’s second-biggest economy, unexpectedly slowed down a bit in the first quarter ... Saiba Mais
Italian caretaker government already established its updated multi-year economic plan on Thursday.... Saiba Mais
The Bank of Canada governor Stephen Poloz said the nation is moving toward a positive note after... Saiba Mais
South Korea’s economy had rallied in the previous quarter as health exports were buoyed, government ... Saiba Mais
The U.S. economy strengthens following the rebound of the U.S. consumer confidence and... Saiba Mais
The economic forecast of German government slid down to 2.3 percent from the previous 2.4 percent... Saiba Mais
The consumer prices have weakened in the previous quarter as core inflation lower than the central... Saiba Mais
Singapore’s inflation remained subdued in the previous month due to a gradual increase in prices of ... Saiba Mais
The central bank of Iran has prohibited trading of cryptocurrencies including Bitcoin due to money... Saiba Mais
Manufacturing activity in Japan grew at a faster pace this month compared in March, considering... Saiba Mais
Japan apprised its G20 equivalent saying that protectionism and interchange of retaliatory measures... Saiba Mais
Economic growth of Germany has the tendency to slow down gradually in Q1, however, the upswing in... Saiba Mais
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