Economic Report

The euro rose ahead of a meeting of the European Central Bank to be held later on Thursday, April 22nd, as any positive comments on the economic outlook or hints of a reduction in bond purchases are expected to push the single currency up rapidly. The European Central Bank is …

The Bank of Canada (BoC) The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement following its monetary policy meeting on Wednesday. The Canadian central bank expects …

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 2.2% in March from 1.1% in February. This reading came in slightly lower than the market expectation of 2.3%. On a monthly basis, the CPI stayed unchanged at 0.5%. Moreover, the Bank of Canada’s Core CPI, …

The dollar weakened on Wednesday April 21, hovering just above the lowest level in seven weeks in light of the decline in US bond yields, which reduced the demand for currency returns. The US currency, which is considered a safe haven, has received some support from the decline in global …

The dollar fell to its lowest level in nearly seven weeks during the Asian session, while the euro rose as investors grew optimistic about the pace of vaccinations in Europe, and Treasury yields continued below the high levels recorded in March. The dollar has fallen since the beginning of April, …

European football has gained a growing global audience over the past years and decades, making it a major industry with a rising market size and annual revenues growing from about EUR 13.6 billion in 2007 to roughly EUR 29 billion before the coronavirus pandemic. Accordingly, a dozen of Europe’s biggest …

On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary. The US …

The second week of April was highlighted by strong economic data that showed increased signs of a global recovery from the negative impacts of the coronavirus pandemic. Such recovery signs helped improve risk appetite among investors, which reflected positively on many assets. On the other hand, rising tensions between the …

After strong rallies in recent days, the largest cryptocurrency by market value, Bitcoin, has reached levels of $ 64,000. Bitcoin dropped below $ 63,000, but remained above $ 62,000 levels and closed above this level for two consecutive days. Bitcoin fell 3% at $ 62.3K, recording a high of 64.7K …

The dollar is heading towards its worst consecutive weekly decline since the start of the year as Treasury yields continue to decline as investors increasingly accept the Fed’s insistence on maintaining an easing policy stance for a longer period. Record 10-year Treasury yields fell to a one-month low of 1.528% …