Daily Economic Reports

The Chairman of the United States Federal Reserve, Jerome Powell, said on Monday that the U.S. economy is improving but still on the way to fully recover from the coronavirus pandemic. “We are not out of the woods yet, but I am glad to say that we are now making …

Today, Monday, the dollar clung to its recent rally, as investors were cautious at the start of a week full of central bank meetings and important US economic data to elicit indications of global inflation outlook and the reactions of policymakers. Trading was limited due to a holiday in both …

Oil prices plunged on Monday, as a catastrophic second wave of the Coronavirus pandemic in India undermined a recovery in fuel demand there, overshadowing optimism about a strong recovery in fuel demand in developed countries and China in the second half of the year. Brent crude for July delivery fell …

The dollar rose on Friday (April 30th), extending its gains after optimistic data on the income and spending of US consumers and the manufacturing sector in the Midwestern states. However, the dollar index ends April down 2.1, its biggest loss in one month since December. US data next week, including …

A report by Goldman Sachs expected that the British economy would record a faster growth pace than its US counterpart, with the acceleration of the distribution of anti-virus vaccines in the United Kingdom. The British government succeeded in delivering the vaccine to nearly half of the UK population, who received …

The United States Federal Reserve on Wednesday decided to maintain its current monetary policy, with massive quantitative easing measurements to help the economy on the way to recovery from the coronavirus pandemic. Interest rates remain near 0% at a historically low level, with a large asset purchase program that includes …

The dollar rose slightly on Wednesday as all eyes turned to the US Federal Reserve’s policy statement and a speech by President Joe Biden later on Wednesday regarding trends in hopes that this will increase the scope for the currency’s recovery after a month of decline. The dollar index recorded …

The New York Stock Exchange (NYSE) closed mostly lower on Tuesday, following a surge by two major indices, namely the S&P 500 and Nasdaq Composite, to new record closing highs. The Dow Jones Industrial Average closed marginally higher by 3.36 points, or 0.01%, at 33,984.93 points. The S&P 500 index, …

The dollar hovered above its lowest level in weeks against other major currencies today, Tuesday, under pressure from weak US Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen was little changed after the Bank of Japan kept interest rates unchanged. The dollar, which is …

The European Central Bank (ECB) does not to reduce its massive stimulus measures until the Eurozone reaches the price stability target with inflation rate reaching 2%, according to ECB Board Member Fabio Panetta said on Monday. Panetta, former Director General of Bank of Italy and President of the Institute for …