Tag Archives: Euro

In its latest monetary policy announcement, the Bank of England (BoE) opted to raise the benchmark UK interest rate by a further 25bps to 0.75% from 0.50%, as had been widely expected. GBP’s kneejerk reaction was to drop sharply as a result of only eight on nine Monetary Policy Committee …

The euro gave up some of its gains on Thursday as investors closely watched any developments in talks between Russia and Ukraine, while monetary policy decisions by the US central bank failed to impact the market as expectations of a rate hike were high. The euro rose 0.05 percent to …

Canadian inflation hit 5.7% YoY in February, according to Statistics Canada’s latest headline Consumer Price Index (CPI) release on Wednesday. That was above the expected rise to 5.5% from 5.1% in January. The MoM increase in the headline CPI in February was 1.0%, a little above the 0.9% expected and …

The dollar index fell against the major currencies during Wednesday’s trading before the Federal Reserve’s decision, while the US currency traded near a 5-year high against the yen. The US central bank is expected to implement its first rate hike since 2018 later in the day amid uncertainty over the …

Mykhailo Podoliyak, one of the representatives of Ukraine at Russian-Ukrainian negotiations, has said, ”We’ll continue tomorrow. A very difficult and vicious negotiation process. There are fundamental contradictions. But there is certainly room for compromise. During the break, work in subgroups will be continued”.Russia lobbed more missiles into Kyiv, amid heightened …

The euro rose on Tuesday on hopes of progress in peace talks between Ukraine and Russia, although risk appetite waned due to the rising number of COVID-19 infections in China. On Tuesday, talks between Ukrainian and Russian negotiators to ease the crisis are expected to resume after video-conference talks after …

Interviewed by CNBC Arabia, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, shed light on the latest developments of the financial markets’ arena:(I) OilMarkets appear to have relative stabilized, this was reflected on the oil market, as crude …

The euro has pared losses on Monday after the previous two days’ decline. The pair has bounced up from 1.0900 lows to post a moderate advance on the day, yet lacking follow-through to break psychological resistance at 1.1000.The higher appetite for risk has supported the euro. The common currency has …

Ukrainian President Volodymyr Zelenskyy will address the US Congress at 1300 GMT on Wednesday, March 16, US Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi announced in a joint statement on Monday. A Ukrainian negotiator said on Monday that official talks with Russia had been paused until Tuesday, as …

The US dollar edged higher on Friday while other safe-haven and commodity-linked currencies declined, after Russian President Vladimir Putin said there had been some progress in talks between Moscow and Ukraine.Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that there had been “certain positive shifts” in negotiations …