The U.S. dollar declined against major currencies during the week ended August 21 amidst a fresh spell of fiscal worries triggered by the U.S. debt crossing $40 trillion.
The Canadian dollar weakened against other major currencies in the Asian session on Monday amid concerns about a deepening U.S.-Canada trade war and sliding oil prices. Following the breakdown of trade negotiations between the two nations on Friday, the U.S. levied 50 percent tariffs on $20 billion...
The U.S. Dollar value inched higher as investors held back from risky assets as U.S. announces a large-scale economic blockade against Iran aimed at crushing its financial channels. Traders assessed reports indicating that the U.S. Treasury could use the General Account to fund the expanded buybacks of long-term yields.
The Canadian dollar weakened against other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3799 against the U.S. dollar, 115.11 against the yen and 1.6079 against the euro, from last week's closing quotes of 1.3767, 115.11 and 1.6117, respectively. Against...
President Trump is said to be planning to impose more sanctions on Iran. Investors are closely monitoring the geopolitical situation in the Middle East. In the Asian trading session, oil prices were sharply lower. Brent crude futures tumbled 1.8 percent to $92.72 a barrel. Gold extended gains....
The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving above the 9,150 level, with gains in gold miners, financial and technology stocks.
The Japanese stock market is trading notably lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling well below the 65,050 level, with weakness across most sectors led by automakers and technology stocks.
The Australian stock market is modestly higher on Tuesday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving above the 9,100 level, with gains in gold miners and financial stocks.
The Reserve Bank of Australia will on Tuesday release the minutes from its August 11 monetary policy meeting, highlighting a busy day for Asia-Pacific economic activity. At the meeting, the RBA kept its benchmark lending rate steady at 4.35 percent following 25 basis point hikes in February, March...
Poland's retail sales growth moderated more than expected in July. At constant prices, retail sales advanced 3.9 percent annually in July, much slower than the 6.2 percent rise in June, which was the fastest growth in three months. The slower growth in July was mainly due to a 1.7 percent fall in sales of textiles, clothing, and footwear, followed by
The Czech economy's confidence remained slightly less positive in August, and consumers also showed a less optimistic attitude. The economic sentiment index dropped to 100.5 in August from 101.1 in July. Nonetheless, a score above 100 indicates an optimistic outlook. The consumer confidence index declined to a 13-month low of 102.3 from 105.6 in July.
Finland's producer price inflation accelerated somewhat in July after easing in the previous month. The producer price index climbed 6.9 percent year-on-year in July, faster than the 6.7 percent rise in June. Prices have been rising since January. The rise in the producer prices was particularly caused by higher prices of refined petroleum products and basic metals.
The Switzerland market ended marginally down on Monday after a choppy ride as investors refrained from making significant moves amid a lack of fresh catalysts.
Treasuries showed a strong move to the upside during trading on Monday, regaining ground after moving notably lower over the two previous sessions. Bond prices advanced in morning trading and remained firmly positive throughout the afternoon. Subsequently, the yield on the benchmark ten-year note,...
Andy Burnham has arrived in Ukraine on Monday for his first overseas visit as UK Prime Minister. Just weeks after welcoming President Volodymyr Zelenskyy to the UK in July as his first international guest, Burnham traveled to Kyiv to reiterate the country's unwavering support for the Ukrainian people. Ukraine's foreign minister received Andy Burnham as he arrived in Kyiv. While chairing a meeti
US Treasury Secretary Scott Bessent has warned that Iran can expect the so-called "Economic D-Day" that President Donald Trump announced last week, on Monday. "At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary," Bessent wrote in an op-ed published in the Financial Times Sunday. Bessent will roll out tough economic sanctions that target