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The Brazil Real (BRL) is set to recover some ground against the US Dollar (USD) as soon as foreign investors are confident in the country’s economy, according to the Brazilian Minister of Economy Paulo Guedes, Reuters reported. “When will the exchange rate go down? When there is success to attract …

The President of the Federal Reserve Bank of New York, John Williams, said on Friday in an interview with the Financial Times that the United States economy is recovering but remains in a deep hole. “The very large rise in COVID cases recently clearly puts a question mark on the …

It is not the job of the Bank of England (BoE) to protect the business models of banks, said the Deputy Governor of the BoE, Jon Cunliffe, commenting on the future impact of digital currencies, Reuters reported. “Banks will have to adjust. Our job is to ensure that if bank …

European stocks ended Friday nearly unchanged, but was able to record a weekly rise, supported by positive news earlier in the week about the success of a Coronavirus vaccine. The pan-European STOXX 600 index added 0.20 points but gained about 3.5% for the week.

President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Friday that the United States economy would take some time to return to its pre-crisis levels. The Coronavirus pandemic has exacerbated inequality and accelerated automation, he added. “We’re not just going to snap right back to the previous …

The US Dollar (USD) is showing a mixed performance on Friday across the board, with rising concerns about the increasing number of COVID-19 cases in the United States. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.15% at …

Two OPEC + sources told Reuters on Friday that the producer group’s compliance with the October oil production cuts is expected to reach 101 percent.

Regarding the fiscal policy and additional stimulus, New York Federal Reserve President John Williams noted that they are still in an extraordinary situation with the coronavirus outbreak, as reported by Reuters. “Fed’s inflation target will call for inflation going modestly above 2% for some period of time.”“Climate change is a …

The Group of Twenty (G20) finance ministers agreed for the first time on Friday on a new joint framework for restructuring government debt in anticipation that the coronavirus crisis could lead some poor countries to need significant debt forgiveness. Large creditors, including China, are expected to follow common guidelines that …

The German economy ministry said on Friday that the country’s economic recovery has continued until October but has slowed since August, adding that lockdown measures put in place to slow the spread of the Coronavirus hurt the economy in November. But the ministry said it did not look like the …