In its recently published External Sector Report, the International Monetary Fund noted that they have assessed the US dollar as likely overvalued by 8.2% with a range of 5.2% to 11.2% during 2020, as reported by Reuters.

Data from the Markit released this morning, Monday, showed that the preliminary reading of the PMI data in the manufacturing sector in Germany rose better than expected during this August, as the preliminary reading of the index recorded about 65.9 points, while market expectations indicated that the index would stabilize …

A few days ago, Amazon denied news of its intention to accept Bitcoin as a payment method in the near future, but company officials did not rule out the matter in the future. Hours ago, Saudi Aramco confirmed that the allegations that it plans to engage in Bitcoin activities are …

Turkey’s trade deficit increased by 52.4% to $4.3 billion in July. The Turkish Ministry of Trade said that exports rose in July by 10.2% to record 16.41 billion dollars, after being hit in the spring of last year due to the impact of the Covid-19 pandemic on trade with Ankara’s …

The dollar approached a one-month low on Monday at the start of a busy week with US jobs data and a decision by the Australian Central Bank. The dollar index, which measures the performance of the US currency against six major currencies, recorded 92.065, slightly down from its level on …

Gold prices fell amid cautious investors awaiting the non-farm payrolls data for the month of July to be released on Friday to gauge the strength of the labor market, while the attractiveness of gold also limited the rally of stocks. And gold fell in spot transactions 0.3 percent to $ …

European stocks rose to new highs, after a series of deals and strong business results from Europe’s largest bank HSBC, while sentiment was also supported by the recovery of Asian stocks. The pan-European Stoxx 600 index rose 0.8 percent to an all-time high of 465 points in early trading. British …

Oil prices fell Monday, August 2nd on concerns about the Chinese economy, after a survey showed that factory activity growth fell sharply in the world’s second-largest oil consumer, as well as heightened concerns about an increase in oil production from OPEC producers. Brent crude futures fell 74 cents, or 1%, …

Japan shares closed higher, thanks to encouraging results from shipping companies and others in cyclical sectors, reducing the impact of fears of a mutated delta strain of the fast-spreading Corona virus that threatens the recovery The Nikkei index closed up 1.82 percent at 27,781.02 points, erasing losses on Friday, when …

HSBC’s profit, before tax, jumped to $10.8 billion in the first half of 2021, topping analysts’ estimates of $9.45 billion. While the bank’s revenues decreased in the same period by 4% to $25.6 billion, compared to the same period last year. Analysts had expected the bank to announce a big …