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Tag: ECB

Euro down and Dollar up

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The Euro Below 99 Cents for First Time in 20 Years

European equity futures dropped, and the euro and pound sterling fell today, Monday as the energy crisis has been escalating adding pressure to an already stressed global economy troubled by soaring inflation and the tightening of monetary policies. At the same time, the U.S. dollar was firm as commodity currencies
US Dollar HIGH

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US Dollar at 20-year High as Powell Signals more Rate Hikes

Federal Reserve Chair Jerome Powell’s indications for more interest rate hikes for longer at his Jackson Hole Symposium speech pushed the US dollar to highs last seen two decades ago. The comments sent tidal waves across global markets as they caused global stock markets and equity futures to drop, they
blog g20 meeting fiscal 12 7 21

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G20 Meeting: Fiscal Stimulus Package, Climate Change and Global Tax

Today, a new trading week kicks off after a busy weekend of G20 meetings and a speech by European Central Bank (ECB) President Christine Lagarde. The ECB policymaker said that the organization will continue to offer stimulus to the European economy while financial institutions in other countries have already started
blog fed keeps silent 8 7 21
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Fed Keeps Silent on Inflation, ECB Changes Inflation Rates

Yesterday, the minutes of the June meeting of the Federal Reserve (Fed) was made public. The FOMC reveal divided views among Fed members leaving some of them concerned about the latest inflation data. Meanwhile, others believe that it may still be a temporary period as the economy recovers from the
blog new data releases 10 6 21
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New Data Releases in Europe and the USA

On Wednesday, the markets were bearish. The Dow Jones closed the US session 0.44% lower, the Nasdaq was down 0.09% and the S&P 500 fell 0.18%. In Europe, the CAC 40 was up 0.19% and the Dax 30 closed with a decline of 0.38%. In addition, US retail sales figures