Daily Economic Reports

The dollar stabilized near its highest level in ten months against a basket of currencies on Thursday, keeping the yen near an area that may require intervention by the authorities to support it, amid investors’ assessment of the impact of positive US economic data and new statements from Federal Reserve …

As Treasury rates surged on Wednesday, Wall Street’s major indexes declined in choppy trading conditions as investors awaited news on a US funding bill and this week’s inflation data to determine the Federal Reserve’s stance for monetary policy outlook.The 10-year Treasury yields changed course to reach a new 16-year high, …

Gold is trading at $1877.54 per ounce at the time of writing, down by some -1.22%. traders are worried that the precious metal could fall further in the remainder of 2023. It is worth noting that gold demand in China has surged in 2023, with a 16% increase compared to …

Russian imports billed in Chinese yuan rose to 20 percent in 2022 from three percent a year ago, a banking study published on Wednesday showed, after its invasion of Ukraine triggered packages of sanctions that left the country unable to access the global financial system. According to a study by …

The dollar rose to its highest level in ten months against a basket of major currencies on Wednesday, sending the euro and sterling to the lowest level in six months and raising the possibility of intervention to support the yen, as expectations of US interest rates remaining high for a …

In the US trading session on Tuesday, the USD/CAD pair was able to surpass the 1.3500 mark. The pair is trading at 1.3520, up +0.49 at the time of writing. The US Dollar Index dominates the broader market, making it difficult for the oil-backed Canadian currency to gain momentum.The second …

On the background of accelerating interest rate bets and amid skyrocketing Treasury yields, as well as the Federal Reserve’s conviction that interest rates will stay high for a considerable amount of time, gold prices have declined around $1900. At the time of writing, the precious metal is trading at $1899.90 …

The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …

Russia is making news headlines concerning the oil sector on Monday. WTI crude oil has lost more than 0.45% of its value after reaching a high of $90.34. WTI’s three-week surge was ended by the Federal Reserve’s decision to hold rates while predicting higher rates for the upcoming year. Oil …

The American dollar is gaining ground against the Yen. As the Bank of Japan maintains rates and sticks with its accommodative monetary policy while raising concerns about the durability of increasing inflation, the USD/JPY pair is showing a gain of 0.38%. The US dollar is supported by rising US Treasury …