Daily Economic Reports

The dollar exacerbated its losses, after a week of declining pushing it to its lowest level in two and a half years, as its decline attracted more short sellers seeking to make an easy profit. The dollar index recovered during the session and rose in recent trading 0.2% at just …

British retail sales fell last month when a four-week lockdown in England caused stores selling non-essential goods to close, dropping clothing sales by about a fifth and adding to the hardships in some of the main stores hit hardest. The Office for National Statistics said retail sales volumes overall fell …

Gold prices retreated as the dollar rebounded after growing hopes of approval of stimulus in the United States led gold to rise for three days, putting the yellow metal on the path of achieving gains for the third week in a row. And gold in spot transactions fell 0.1% to …

Japan’s Nikkei index closed lower on Friday on concerns about the risks that a surge in COVID-19 cases in Tokyo posed to the prospects for a recovery in the world’s third-largest economy, but the index made weekly gains. The Nikkei index lost 0.16% to 26,763.39 points, while the broader TOPIX …

The dollar hit its lowest level in two and a half years against major rival currencies on Thursday (December 17th), as risk appetite was boosted by progress towards agreement on a stimulus package in the United States and an accord linked to Britain’s exit from the European Union. On Wednesday, …

The United States Federal Reserve vowed in its last policy statement of 2020 to support the economy until it recovers from the Coronavirus crisis. The Fed is set to continue to buy at least $120 billion of bonds each month until substantial further progress has been made toward the Committee’s …

Data revealed that the Eurozone’s unadjusted trade surplus jumped year on year in October as exports performed better than imports amid the economic slowdown caused by the COVID-19 pandemic. The European Union statistics office said the commodity trade surplus in 19 countries in the Eurozone amounted to 30.0 billion euros, …

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 …