Economic NewsALL ECONOMIC NEWS
Forex NewsALL FOREX NEWS
Dollar drifts up but set for biggest weekly drop in 4 months
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar sank to a one-month low versus major peers on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of theRead More
Cryptocurrencies NewsALL CRYPTOCURRENCIES NEWS
Fed’s Brainard: We can’t take global status of U.S. dollar for granted
By Lindsay Dunsmuir (Reuters) – The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Federal Reserve Vice Chair Lael Brainard said on Thursday.Read More
Stocks NewsALL STOCKS NEWS
Futures inch up ahead of economic data, Gap slumps on outlook cut
(Reuters) – U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast.Read More
Commodities NewsALL COMMODITIES NEWS
Africa, War in Ukraine: Food Inflation Clouds External and Fiscal Outlook, Raises Social Risks
Rising food prices due to Russia’s war in Ukraine may have long-lasting economic, fiscal, and social consequences for many African countries, exacerbating structural challenges for governments still burdened with the cost of the Covid pandemic.Read More
The best advice appears to be: bet on the vaccinations to work, keep monitoring the global economy and keep an eye on gasoline demand.
During July, Federal Reserve Chairman Jerome Powell mentioned his concerns about labor market growth twice in his public speeches.
We may have seen emerging signs that stock market and gold traders are banking on dampened fears over inflation, Fed easing policy.