Markets News

US Dollar Gains On Strong Job Additions in July, 10-Year Treasury Note Hovers Near 234 Year Low

The dollar index rose to 93.4 Friday after the US employment data indicated that the economy added better-than-anticipated jobs in…

4 years ago

Latin American Economies Continue to Struggle as Philippines Enters Recession

Data published by IHS Markit indicated that Brazil services PMI (purchasing managers’ index) increased to 42.50 in July, from 35.90…

4 years ago

Argentine Peso Hits Historical Low As US Dollar Hovers Near 2-yr Low

The peso hit a historical low of $72.51 against the US dollar after the Argentine government stated that it had…

4 years ago

Fitch Downwardly Revises US Rating Outlook to Negative

Rating agency Fitch has downwardly revised the US sovereign ratings outlook to negative from stable, while affirming the debt grade…

4 years ago

Sterling Hits 5-Month High after Fed Maintains Rate

The pound rallied against the greenback to trade at about 1.2985 Thursday, representing the highest level since March 9th, as…

4 years ago

Russian Ruble Declines to 10-Week Low as Country Grapples with Covid-19

The Russian ruble fell 1% to trade at 72.30 against the greenback today, mirroring the weakest exchange rate since May…

4 years ago

US Reports 13-yr High Single Family Home Sales in June

The US dollar fell against the pound despite the report of near 13-year high home sales in June. Notably, the…

4 years ago

South Korea Economy Contracts 3.3% q-o-q in June, Enters Recession

The GDP of South Korea decreased 3.3% q-o-q in June, following a 1.3% drop in the earlier period, and worse…

4 years ago

Euro Hits 4-Month High after EU Reaches Landmark Agreement on Covid-19 Recovery Package

European stocks gained ground today after the EU leaders agreed to a landmark agreement on €750 billion Covid-19 recovery package…

4 years ago

Russian Ruble Turns Weak as Unemployment Rate Soars to Four Month High

The Russian ruble lost ground against the greenback Friday after the report of highest unemployment rate in four months. The…

4 years ago