Treasury yields in the United States showed a mixed performance on Thursday, as the Federal Reserve maintained interest rates near 0%. The 10-year Treasury yield declined by 0.2 basis points to 0.77%. Return on the 30-year bond decreased by 1.2 basis points to 1.537%. Meanwhile, the return on the two-year …
Read More »Gold Logs Highest Daily Gains since April
Gold prices settled on Thursday at their highest level in about seven weeks, as the US Dollar (USD) declined across the board amid uncertainty about the United States election results. Gold futures for December delivery gained $50.60, or 2.7%, and settled at $1,946.80 per ounce. This is the highest closing …
Read More »Fed: Economy is Recovering but Remains Below Pre-Crisis Levels
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 …
Read More »GBP Maintains Gains Against USD
The British Pound (GBP) is rising against the US Dollar (USD), as the latter is declining across the board. This comes amid the continued uncertainty surrounding the outcomes of the presidential elections. The GBP/USD is trading higher by 0.81% at 1.3093. The pair has been moving in a range between …
Read More »World Bank and IMF Delay 2021 Meetings
The World Bank (WB) and the International Monetary Fund (IMF) announced on Thursday that they have decided to postpone their annual meetings, which were set to take place in Marrakesh, Morocco, in October 2021. The move comes due to the Coronavirus (COVID-19) pandemic.
Read More »AUD/USD at Highest Level in Seven Weeks
The Australian Dollar (AUD) rose against the US Dollar (USD) to its highest level in about seven weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The AUD/USD pair is trading higher by 1.14% at 0.7264, its highest …
Read More »European Stocks Finish Higher
European stocks closed higher on Thursday, amid anticipation for election results in the United States, which seem to not have affected equity markets so far. The pan-European STOXX 600 index gained 1.18% or 4.27 points, to close at 367.58 points. The UK’s FTSE100 finished higher by 0.50%. Meanwhile, the French …
Read More »USD Declines to Lowest Level in Seven Months
The US Dollar (USD) declined on Thursday to its lowest level in about seven months, as uncertainties continue about the outcomes of the US presidential elections. The Dollar Index (DXY) is down for the day by 0.79% at 92.67. The index, which measures the USD performance against a basket of …
Read More »EU Close to Deal on New Budget
The European Union is moving closer to an agreement on its upcoming budget and stimulus package against the impacts of the COVID-19 pandemic, Reuters reported. The new EUR 1.8 trillion budget will be for the six-year period between 2021 and 2027.
Read More »Wall Street Surges as Elections Results Approach
The New York Stock Exchange (NYSE) opened higher on Thursday, amid anticipation for the results of the United States presidential elections. The Dow Jones Industrial Average is up by 1.45%, while the S&P 500 gained 1.75%, and the Nasdaq Composite is up by 2.07%.
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