Western Union:The euro raked in more gains and notched new two-week highs against the dollar, buoyed by the bloc's improving economy and a surge in area government bond yields that have made the single currency a better …
The euro raked in more gains and notched new two-week highs against the dollar, buoyed by the bloc's improving economy and a surge in area government bond yields that have made the single currency a better looking bet.
It also helped that ECB chief Mario Draghi this week didn't take issue with rising bond yields which can act as headwinds on borrowing and spending and potentially hinder the recovery.
Perhaps the most important thing Mr. Draghi said this week that can impact companies' bottom line is that he expects higher market volatility to stick around. That can potentially augur higher costs for businesses that don't utilize cash flow protecting products like forwards and options.
America's jobs report Friday wields the potential to kick up already elevated market volatility even higher.
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…
