Western Union notes in a report on Tuesday: The euro took another step toward parity against the greenback as it plunged below $1.08 to its lowest level since April 2003. The starkly different roads ahead for monetary po…
The euro took another step toward parity against the greenback as it plunged below $1.08 to its lowest level since April 2003.
The starkly different roads ahead for monetary policy in Europe compared to the rate hike bound Fed have taken an increasingly toll on the value of the single currency.
The euro now is seen on a faster track to a fall to parity, something that until recently was considered an agenda item for 2016 or later. A surprise rise in French industrial output of 0.4 percent in Jan, compared to forecasts of a 0.3 percent decline, offered little reprieve to the reeling single currency.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
