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 …

The Chairman of the United States Federal Reserve, Jerome Powell, said on Thursday that economic recovery in the US has been faster and stronger than expected, but it is slowing a bit, which is understandable. The recovery remains uneven and incomplete, according to Powell’s remarks to the European Central Bank …

Oil prices showed a mixed performance on Thursday, after data showed a surprise increase in crude inventories in the United States. In addition, concerns about the rising number of Coronavirus cases pressured crude prices despite commitment from the OPEC+ alliance to maintain output curbs. Brent crude futures for January delivery …

The US Dollar (USD) is rising on Thursday against its Canadian counterpart (CAD) to new week highs, despite a recovery by crude oil prices, which did not provide the needed support to the Canadian Dollar. The USD/CAD pair is trading higher for the day by 0.60% at 1.3142. Earlier today, …

The budget deficit in the United States amounted to $284 billion in October, data showed on Thursday. October marks the beginning of a new fiscal year in the US, while last year a record $3.1 trillion deficit was recorded. This comes as the US government tries to face the impact …