UK Inflation Hits 40-Yr High of 9.10% in May
As a result of higher costs for energy and food, consumer prices in the United Kingdom increased further in May at the quickest rate in forty years, significantly aggravating the nation’s affordability issue. According to statistics that were released by
Read MoreRuble Strengthens on Bank of Russia Rate Cut & Surge in Commodity Prices
The Russian ruble plummeted to historical lows on February 28, 2022, and residents of the country started withdrawing cash, leading to what is referred to as a ‘bank run.’ During that period, Russia was slapped with a plethora of financial
Read MoreDollar Strengthens as Employment Data Boosts Prospects Of Further Rate Hikes
The US dollar rallied against its rivals on Friday as economic data reflected better-than-anticipated rise in the US non-farm payrolls, boosting prospects of further tightening of monetary policy by the Federal Reserve. The Labor Department’s data indicated that non-farm payroll
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