Forex Market

“Vaccinations are our armor,” said New Zealand Prime Minister Jacinda Ardern while revealing the new governmental measures to battle the coronavirus during Friday morning in Asia.“In a suite of announcements that establish a pathway out of restrictions the NZ government is also providing up to $940 million per fortnight to …

“The RBA is closely watching a spike in inflation,” said the Reserve Bank of Australia Governor Philip Lowe while speaking before a conference hosted by the Universidad de Chile on early Friday morning.The policymaker has added that he did not think the rise would be sustained unless it led to …

The giant Chinese real estate developer has become cash-strapped and now risks default if it fails to pay its gross debt.After Evergrande’s efforts to sell its stake of 50 per cent of EPS to rival Hopson Development had collapsed, depriving it of valuable cash to ease the pressure on its …

The US Dollar is firmly up on Thursday over the back of inflation-related concerns in addition to the decline of U. S. Initial Jobless Claims for the second week, at 290K. Meanwhile, the British pound has extended its slide below 1.3800 during the New York session, with losses at 0.26%, …

Risk turned off on Thursday leading the USD to reap the most out of it. The dollar weaker yesterday, but it managed to appreciate against most major rivals, except safe-haven CHF and JPY.There was no certain catalyst behind the retreating risk appetite although inflation-related concerns constitute one part of the …

Bundesbank president Jens Weidmann has thrown an additional wild card on the negotiation table for Germany’s economy after Merkel’s last term in office.After 10 years opposing the ECB’s loose fiscal policy,the German economist announced his departure on Wednesday for personal reasons. Last month’s election pushed has pushed Dr Weidmann out …

Treasury yields were slightly higher Thursday as U.S. weekly jobless benefit claims fell with a reading of initial jobless claims for the week ended Oct. 16 which dropped by 6,000 to pandemic low of 290,000.Yields were drifting higher as weekly jobless claims showed companies shying away from layoffs amid the …

Australia’s Reserve Bank made a multibillion-dollar loss on its securities and foreign exchange transactions during last financial year as unrealised valuation losses. The RBA recorded a $4.3 billion accounting loss in the 2020-21 financial year. The RBA admitted higher interest rates could further hit its bottom line while beefing up …

Barclays reported better than expected Q3 profits on Thursday, following its Wall Street rivals in receiving a strong push from investment banking.The British bank reported Q3 profit of £1.45 billion vs expected £931.25 million. The figure marks a significant increase from the £611 million reported for Q3 last year.“For many …

The European Commission said Thursday that its measurement index of consumer confidence in the Eurozone declined to minus 4.8 in October from minus 4.0 in September. Economists polled by The Wall Street Journal had forecast a reading of minus 5.0. The fresh reading comes amid rising inflation and economic recovery …