Euro’s weakness against greenback The European Central Bank (ECB) left its monetary policy and rates fixed without any change. The bank stated that the interest rates will either remain at fixed levels or go lower. The ECB President Mario Draghi said that “Incoming data since our meeting in March confirm that the cyclical recovery of […]

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Gold to regain control The US Commerce Secretary Wilbur Ross commented on the probe into aluminum imports and stated that this probe was similar to the last investigation conducted on steel imports. The US Commerce Department began to investigate the aluminum imports from China and examined whether there was a compromise on the national security […]

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Canadian Dollar gains strength The US President Trump’s Director of the Office of Management and Budget (OMB) Mick Mulvaney mentioned that Trump hasn’t agreed to include Obamacare subsidies in Spending Bill. Canada is planning to launch a universal basic income scheme wherein the government announced plans to give free money to 4000 eligible Canadian households […]

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Yen continues to dominate the Canadian dollar After a four month consecutive increase, the wholesale sales in Canada dropped down by 0.2% from $58.9 billion in February. Sales went down in four of seven subsectors, which accounted to 54% of the total wholesale sales. The housing prices increased in Canada when policy makers introduced measures […]

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Dollar to rally against the pound The U.K. had its first full day without coal power since the Industrial Revolution in order to make electricity. The National Grid control room said on Twitter that “Friday 21st April 2017 was the first 24-hour period since the 1880s where Great Britain went without coal-fired power stations.” The […]

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Dollar makes a comeback From the start of 2017, all the major countries and sectors slowly began to grow while the growth sector seemed to take root in the first quarter of 2017. The performances of the growth sector 2017-18 are forecasted at an upward growth of +1.7%. We expect Germany and Spain to perform […]

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Euro gains an upper hand over Yen The estimate of the Euro area’s international trade in goods surplus came at €17.8 bn. Japan’s trade surplus showed an increase in the imports growth when compared with the exports. The Finance Ministry reported a merchandise trade surplus of ¥614.7 billion in March, when compared to February’s trade […]

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Greenback continues to fall against yen US Treasury Secretary Steven Mnuchin reiterated his view about the strength of the US dollar. Mnuchin said in an interview that “I think that over long periods of time, the strength of the dollar is a good thing. It’s a function of the confidence and the strength of the […]

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Euro gaining strength The Federal Reserve Vice Chair Stanley Fischer said on Monday that the market reactions from the US central bank reductions to its $4.5 trillion balance sheet might begin later this year. Fed’s policymakers want to avoid the sharp market reactions which was followed last time by the bank’s direction on its balance […]

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Dollar may take a downfall The tense standoff between the US and North Korea continued to remain after North Korea’s failed missile launch. US President Donald Trump’s National Security Adviser H.R. McMaster mentioned in a statement that “We are working together with our allies and partners and with the Chinese leadership to develop a range […]

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