Economic Report

Currency market volatility fell on Tuesday, June 8 to its lowest level since before the outbreak of the Corona pandemic, causing turmoil in the markets in March 2020, as investors refrained from forming positions, waiting for clearer signals about the path of inflation and the reactions of central banks. Currencies …

Recent media reports have pointed to growing opposition, within Republicans in the United States Senate, against the recent deal that the G7 summit announced to establish an agreement among major economies on a minimum corporate tax rate. The move comes shortly after the Republican Party came against the proposal of …

Once again, cryptocurrency took center stage in today’s news with the United States government seizing a ransom paid in Bitcoin, which also came under new scrutiny by authorities in the United Kingdom. The U.S. Department of Justice has reportedly recovered $2.3 million worth of cryptocurrency that was paid as a …

The dollar stabilized on Monday after losses suffered on Friday following the release of US jobs data that came in below expectations, while currency markets, in general, lacked momentum as investors awaited important inflation data this week. The jobs data was seen as a relief to the markets as it …

The Group of Seven developed nations agreed over the weekend to a minimum global corporate tax rate of at least 15% as part of a broader deal on how to tax multinational companies such as Amazon and Google. German Finance Minister Olaf Scholz described the deal as “historic.” “It is …

In the first week of June, markets anticipated the jobs report in the United States, which came below expectations but still showed progress in the recovery from the coronavirus pandemic. The jobs report indicated that it would probably take more time than previously expected before the Federal Reserve begins changing …

The U.S. Federal Reserve on Wednesday announced that it will begin reducing its purchases of corporate assets, as the economy recovers from the coronavirus pandemic. The Fed believes that such support measurement was needed in the midst of the recession caused by the pandemic, noting that now is time to …

The dollar rose today as traders awaited a batch of US economic data that may determine the direction at the central bank meetings later this month. Investors are betting that the dollar will fall as the world recovers from the Covid-19 pandemic, but they have recently become concerned about whether …

Markets await the release of a bundle of jobs and employment reports in the United States, which are set to show more indicators about the progress of economic recovery from the coronavirus pandemic. May’s employment data will come following April’s disappointing nonfarm payrolls reading. A recent reading of the ISM …

The International Labor Organization said that at least 220 million people are expected to remain unemployed globally this year, well above pre-pandemic levels, in light of a weak recovery in the labor market.exacerbates the current disparity. The United Nations organization expects an improvement to drop the number to 205 million …