Daily Economic Reports

The upcoming Federal Reserve meeting is expected to link the future of the bond-buying program to the measures of employment and inflation, but without any immediate action, a recent survey by Bloomberg showed. The majority of the surveyed analysts expect the new guidance to be approved next Wednesday, while most …

The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …

With the end of the Brexit transition period approaching, there seem to be hopes for reaching a trade arrangement between the European Union (EU) and the United Kingdom (UK). The EU’s chief negotiator Michel Barnier said on Monday that a deal is still possible, noting that the upcoming days are …

The dollar headed for a loss for the fourth week in a row as it weakened, recording its lowest levels in several years against other major currencies. The pound ended a series of gains that lasted for five weeks after the leaders of Britain and the European Union remained at …

Oil rose today, Friday, to consolidate strong gains made overnight that saw Brent crude exceed $50 for the first time since March, as the implementation of coronavirus vaccination programs fueled hopes that demand for oil will rebound next year. Brent crude rose 30 cents, or 0.6%, to $50.55 a barrel, …

The President of the European Central Bank (ECB), Christine Lagarde, said on Thursday that the decision to extend the ECB stimulus program comes as the Eurozone is expected to achieve herd immunity from the Coronavirus, helping the economy operate normally, by the end of 2021, the Guardian reported. “We have …

The European Central Bank (ECB) has decided on Thursday to maintain interest rates unchanged, expecting its rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, its 2% target. Moreover, the ECB board decided …

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. The ECB further announced that it decided to increase the envelope under the Pandemic Emergency Purchase Programme …

The euro stabilized Thursday, December 10, before the European Central Bank unveiled new stimulus measures, while the British pound fell after trade talks on Brexit were extended until the next few days, seeking an elusive breakthrough. European Central Bank officials have made clear in recent weeks that a larger program …

The European Central Bank faces a difficult situation as it needs to decide whether to resort to a more monetary stimulus or whether to take smaller steps to address the current risks. The euro was one of the best performing currencies, up 8% against the dollar so far while it …