Economic Report

US oil fell more than 2% on Friday, as new lockdown measures in Europe to stem the rise in Covid-19 cases fueled concerns about the outlook for demand, while markets remain in a state of tension due to the long-running US election counting. West Texas Intermediate crude fell $ 1.06, …

The dollar stabilized against several currencies on Friday, but traders say it is likely to incur more losses as the controversial US presidential election dashes hopes of a major stimulus to support the economy anytime soon. Investors are betting that Democratic candidate Joe Biden will become the next president, but …

The United States Federal Reserve has expressed commitment to using its full range of tools to support the economy in the face of the Coronavirus crisis. The target range for the federal funds rate has been kept at 0% to 0.25% and the Fed expects it will be appropriate to …

The US dollar weakened against major currencies on Thursday as uncertainty over the US presidential election persists. This morning the euro was trading at 1.1799 against the dollar. The EUR/USD recently jumped to a weekly high above 1.18 as investors are optimistic about Biden’s victory in the elections. In the …

The dollar fell to its lowest level in more than two years against the yuan and fell against other Asian currencies, with the Joe Biden approaching the White House in an exciting US presidential election. The pound weakened against the dollar and the euro after media reports that the Bank …

The US dollar gained and risk-sensitive currencies weakened on Wednesday, November 4th, as early results from the US presidential election show a tight convergence in the race. US President Donald Trump is ahead in states including Florida and Ohio, as investors await whether he can retain the states of Michigan, …

There was a state of caution Tuesday, hours before the polls open in the United States, as investors prepare for a possible wave of the volatility after the elections. The US dollar fell by 0.2% against a basket of currencies to trade at 93.831, and the dollar hit its highest …

Weekly fluctuations in the euro and the yen increased to their highest levels since the beginning of April, Monday, November 2, indicating concern among dealers ahead of the US presidential elections scheduled for Tuesday. The dollar rose as investors prepared for the presidential elections, while a rise in global coronavirus …

Most of the European markets started trading in November on a positive note, as the acceleration of Chinese factory activities helped ease concerns about a second wave of the outbreak of Covid-19 that caused the re-imposition of closures in major economies. The German DAX index, which is based on trade, …

The dollar halted its rally on Friday, while the euro remained near a four-week low against the US currency after the European Central Bank hinted at more monetary easing by the end of the year. Overnight, the euro’s decline, combined with US data, helped push the dollar to near a …