Western Union notes in a report on Wedesday: It's been a forgettable week for the euro with its months' long descent gathering pace and yanking it to 12-year lows against the greenback (under $1.06 earlier), its weakest …
It's been a forgettable week for the euro with its months' long descent gathering pace and yanking it to 12-year lows against the greenback (under $1.06 earlier), its weakest against the U.K. pound since November 2007 and its lowest against the yen in a year and a half.
It's also been a historic week for the single currency as the ECB got started Monday on its big QE program of spending €60 billion a month to boost growth, inflation and employment. Interest rates across the 19-country zone have fallen, resulting in wider interest rate differentials that have favored high yields in the U.S., boosting the dollar.
No sign of alarm yet about the plummeting euro on the part of European policymakers suggests they are comfortable with the fall for now since it can be a plus for the economy by boosting import inflation and making European exports more competitively priced.
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…
