OECD Sees World Economy Growing by 5% in 2021

The Organization for Economic Cooperation and Development (OECD) improved its expectations for the global economy during 2020, expecting a 4.5% contraction, compared with 6% in June. This comes due to improved outlooks for the world’s two largest economies, the United States and China, and supported by recent economic data. However, …

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DXY Down Hovering Above 93

The US Dollar (USD) is declining on Thursday, one day after the release of the latest Federal Reserve policy statement. The Dollar index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.13% for the day at 93.10. The index …

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