Tag Archives: exports

Gold prices have risen above $2,400, ending a four-day losing streak due to falling US Treasury yields. Market players are awaiting crucial economic data, including June’s inflation and Q2 GDP, to gauge the Fed’s next move. India’s import tax cut on gold and silver has also boosted retail demand, supporting …

After the most recent data revealed that the US economy grew faster than anticipated and that inflation came in lower than expected, gold prices are trading at session highs during the North American session. The yellow metal is trading at $2014.39 per ounce at the time of writing.The US economy …

China has pledged to reduce the amount of liquidity its banks must hold in reserves early next month as it attempts to boost its faltering economy. The Chinese central bank said it expects rapid credit growth in the first quarter. Pan Gongsheng, governor of the People’s Bank of China, said …

The People’s Bank of China has opted to maintain the country’s interest rates at 3.45%, in line with market expectations. Similarly, the 5-year lending rates were retained at 4.2%, aligning with the anticipated and priced-in scenario. However, the People’s Bank of China surprised the markets by keeping the interest rate …

As he gets ready to leave for San Francisco, Fed Chair Jerome Powell may want to discuss China’s plans with Chinese officials on how to avoid a prolonged deflationary slump. However, it is worth noting that 4 years ago, on the thirteenth of November 2019, Powell said it is hard …

For the first time in almost 20 years, the US dollar is nearly equal in value to the Euro. This may sound good for the dollar, but it could be harmful for some sectors as well.If the dollar becomes exceptionally strong, it could harm the business for US companies, because …

Data released on Tuesday, showed the US trade deficit widened in January to a new record high. Analysts at Wells Fargo point out it reflects the relative out-performance of the US economy during a pandemic era characterized by volatile swings but generally an environment of faster growing imports and slower …

The Canadian dollar strengthened against its US counterpart on Wednesday as oil prices surged and the Bank of Canada hiked interest rates as expected for the first time since October 2018 despite the crisis in Ukraine.Canada’s central bank hiked its key interest rate by 25 basis points to 0.50% to …

US President Joe Biden was scathing in his criticism of Russia’s attack on Ukraine on Thursday and announced that he would be authorizing new sanctions on Russia, including on exports. Biden said that the sanctions are designed to maximize the long-term impact on Russia’s economy but minimize the impact on …

Any Russian incursion into Ukraine would have far-reaching economic repercussions for global economies. There will be surely winners and losers. In this particular crisis, China will likely benefit from diversion of Russian exports. Energy Sanctions on Russian gas by the United States and its allies could pay dividends for China, …