Economic Report

The dollar hit a four-month high against the single European currency on Tuesday after strong US jobs data boosted expectations that the Federal Reserve will begin to scale back its massive asset purchase program. Analysts said that the dollar could be supported by higher US bond yields as the likelihood …

The July reading of the U.S. Consumer Price Index (CPI) is set to be released on Wednesday, with expectations for another surge in the inflation rate. A recent survey by the Wall Street Journal expects that the reading of the CPI will register a monthly increase of 0.5% with core …

The US dollar index managed to maintain the rising pace that it started at the end of the last week’s trading following the release of US labor market data during the month of July, which came in a very strong way better than the market expectations and pushed the US …

US Treasury Secretary Janet Yellen stressed her call for Congress to raise the US debt ceiling through a bipartisan move in Congress, with the federal government’s ability to borrow imminently running out. Such a move would not raise government spending or pave the way for future spending, she said in …

Some negative factors pushed the US dollar lower at the end of the week, but the dollar managed to recover after better than expected US jobs data. The US Dollar Index, which measures the greenback’s strength against a basket of major currencies, ended the week flat at 92.78 versus 92.08 …

Canadian July jobs report due out at 12:30 GMT. An increase of 177,500 positions is expected. here are the forecasts of economists and researchers of Three major banks regarding the Canadian employment report. CIBC “on the top of the very good news for employment in June, which coincided with the …

The Nonfarm Payrolls report is expected to show an increase of 870,000 jobs in July. Here are the forecasts by the economists and researchers of four major banks regarding NFP report. Deutsche Bank “We are forecasting that NFP will have risen by +1M in July, which would be the fastest …

The New York Stock Exchange (NYSE) continued to break record highs on Thursdays, with Wall Street investors reacting to the decline in jobless claims and ahead of the release of July’s employment data. The initial claims for unemployment benefits in the U.S. fell by 14,000 to 385,000 last week and …

The United States Secretary of the Treasury, Janet Yellen, is warning against partisan disagreements over the huge infrastructure investment plan, proposed by President Joe Biden. A copy of Yellen’s remarks was obtained earlier today by CNBC, ahead of a speech that she will give on Wednesday in Atlanta. Yellen reportedly …

The US dollar settled near its recent lows on Wednesday, August 4th as investors awaited US jobs data as an indicator of interest rate expectations, while the New Zealand dollar rose with the country’s unemployment rate falling and expectations that interest rates will start to rise within weeks. The spotlight …