The Russian rouble strengthened past the 81 mark against the U.S. dollar on Thursday, reaching its highest level since June 28, 2024, as climbing oil prices and geopolitical optimism fueled investor demand for the currency. As of 09:00 GMT, the rouble was trading 1.5% higher at 80.90 per dollar in …
Read More »Russia’s Budget Deficit Narrows in Q1 2025, But Spending Remains Elevated
Russia’s budget deficit narrowed to 1% of GDP in the first quarter of 2025, equivalent to 2.17 trillion roubles ($25.5 billion), according to a statement released by the Finance Ministry on Tuesday. This marks an improvement from the 1.3% of GDP reported in the first two months of the year. …
Read More »Russia Holds Interest Rate at 21% as Rouble Strengthens
The Russian central bank kept its benchmark interest rate unchanged at 21% during its board meeting on Friday, maintaining a tight monetary stance despite recent economic optimism fueled by improving U.S.-Russia relations. Key Takeaways from the Decision: The rate remains at 21%, a level set in October 2024 to combat …
Read More »BoE Cuts Rates, Warns of Inflation, Slashes Growth Forecast
The Bank of England recently cut interest rates to 4.5% from 4.75% and significantly lowered its economic growth forecast for 2025 from 1.5% to 0.75%. While they upgraded growth predictions for 2026 and 2027, they also warned of rising inflation due to increased energy and water bills, potentially reaching 3.7% …
Read More »Russian Central Bank Keeps Rates Steady at 21%, Defying Market Expectations
The Russian Central Bank surprised markets on Friday by maintaining its key interest rate at 21%, contrary to widespread expectations of a 2-percentage-point hike. Analysts had anticipated a rate increase to 23%, but the bank justified its decision by citing the effectiveness of recent tightening measures in curbing inflationary pressures. …
Read More »U.S. Dollar Falls as Economic Concerns Fuel Expectations of Fed Rate Cut
The U.S. dollar dropped to a one-month low against the yen and faced pressure from other major currencies on Thursday as concerns about the U.S. economic outlook fueled expectations of a substantial interest rate cut from the Federal Reserve in the coming week. The yen reached a one-month high earlier, …
Read More »Dollar Edges Higher Amid Anticipation of U.S. Economic Data and Fed Rate Cut Speculation
The U.S. dollar inched higher on Tuesday, holding close to a two-week high as investors prepared for a series of significant economic data releases this week, including Friday’s U.S. payrolls report. These data points are expected to influence the size of an anticipated interest rate cut by the Federal Reserve. …
Read More »Dollar Gains as Fed Rate Cut Expectations Moderate
The U.S. dollar strengthened against major currencies on Monday as investors scaled back their expectations for aggressive interest rate cuts by the Federal Reserve. This shift in sentiment followed the release of inflation data that indicated a less urgent need for the Fed to take more drastic measures to curb …
Read More »US Dollar Rebounds on Positive Growth and Employment Data
The US dollar continued its upward trajectory following the opening of Wall Street trading on Thursday, buoyed by positive economic data on growth and employment in the United States.The dollar index, which measures the performance of the greenback against a basket of six major currencies, rose to 101.31 points compared …
Read More »After Rate Cut, BoC’s Macklem: Monetary Policy Still Restrictive
In an effort to reduce price pressure and depress economic conditions, the Bank of Canada has lowered its benchmark interest rate for the second time in a row. Weakening economic circumstances and lessening pricing pressures led the central bank to decide to cut its policy rate by a quarter of …
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