Daily Economic Reports

The dollar rose against a basket of currencies on Wednesday, January 27th, as markets awaited comments by US Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to a super-easing policy. The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received …

The Governor of Rhode Island, Gina Raimondo, who has been nominated by President of the United States Joe Biden to lead the U.S. Department of Commerce, has vowed to be tough against unfair trade practices from China. Speaking in testimony in front of the U.S. Senate Commerce Committee, Raimondo said …

The Prime Minister of Italy, Giuseppe Conte, is set to resign from his post on Tuesday, his office announced on Monday. The Prime Minister is looking forward to being re-appointed by President Sergio Mattarella to form a new coalition government. The current government lost its majority in the Italian Senate …

The recovery of sentiment in global markets led to the dollar’s decline, while riskier currencies strengthened after optimism about US President Joe Biden’s plans to stimulate the effects of Covid-19 outweighed. The market sentiment appeared more cautious at the end of last week, as European economic data revealed that the …

The United States House of Representatives will reportedly deliver the single article of impeachment against former President Donald Trump to the Senate on Monday, according to Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi. The Senate is set to witness the second trial of Trump; however, removal from …

The dollar settled in a cautious Asian session on Friday, January 22nd, but it is heading towards its worst weekly performance since the start of the year as investors welcome Joe Biden’s management by buying higher-risk assets. Against the Japanese currency, the dollar has fallen 0.3% this week and retreated …

Financial markets await today’s ECB decision on interest rates alongside other monetary policy issues. Markets expect the ECB to remain unchanged. The European Central Bank will leave interest rates and the asset purchase program unchanged but is expected to speak of a strong recovery after the Corona pandemic while expressing …

The President of the United States, Joe Biden, recently laid out a new government stimulus plan worth $1.9 trillion to help the economy face the impact of the Coronavirus pandemic, under the title “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …

The US dollar faces limited pressure in Asia today, Wednesday, while the euro is receiving some support, as investors are enthusiastic as political tension subsides in Italy, sentiment improves in Germany, and a renewed focus on spending to mitigate the repercussions of the Corona pandemic in the United States. The …

Former Chair of the United States Federal Reserve and President-elect Joe Biden’s nominee for Secretary of the Treasury, Janet Yellen, said on Tuesday that the benefits of the new rescue package, which will increase government stimulus spending by $1.9 trillion, are bigger than its costs. Speaking to the U.S. Senate …