The US dollar started the day on the back foot but managed to recover the ground lost during US trading hours. The EUR/USD pair is trading at around 1.0940, while GBP/USD changes hands at 1.3035.Economic DataCanada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in …
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Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …
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The EUR/USD pair has found support above 1.0930 and climbed back toward the daily high it hit on European hours at 1.0989, boosted by a stronger euro and a mixed US dollar.The key driver of price action continues to be the war in Ukraine. Volatility remains higher, even among currencies. …
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Wall Street advances on Monday amid an improved market sentiment. Hopes of progress in the Ukraine-Russia talks have lifted appetite for risk. Banks are leading gains as major central banks hint to higher rates.US markets have opened the week on a moderately positive tone, following the trend observed in Europe. …
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Analysts said on Monday that Russia has gradually begun to resume wheat exports from its Black Sea ports, although shipping traffic in the Sea of Azov is still restricted. Russia began invading Ukraine on February 24 in what it describes as a “special military operation”. The price of Russian wheat …
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Ukrainian President Volodymyr Zelensky said late Sunday, March 13 that Ukrainian officials negotiating with their Russian counterparts will insist on direct talks between the two countries leaders that would lead to peace. The next round of talks on the war in Ukraine between the two neighbors is scheduled to be …
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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 …
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Russia’s Finance Ministry said on Monday it had approved a temporary measure to pay off debts in foreign currency, but warned that payments would be made in rubles if sanctions prevented banks from honoring their debts in the issuance currency. The ministry added in a statement that Russia has sufficient …
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Friday’s trading day fluctuated between risk-on/off, on reports from Russia saying that its President Putin seen certain positive shifts in talks with Ukraine, while Ukraine Foreign Minister, saying the opposite. That said, the GBP/USD is trading at 1.3035, down 0.39%.Economic DataUS energy firms this week added oil and natural gas …
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The Bureau of Labor Statistics this week reported that the Consumer Price Index, the most widely used measure of inflation, rose 0.8% in February, up 7.9% over the last twelve months. Just after the BLS’s data, the Brookings Institution gathered a host of experts to explain what the latest CPI …
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