NEW YORK (Reuters) – Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying the ongoing coronavirus pandemic will “weigh heavily” on the near-term outlook and poses “considerable risks” for the medium term. HIGHLIGHTS: ** Powell says in press conference…
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What you need to know on Thursday, May 7th: This Thursday will be quite a busy day from the macroeconomic side as it will start with the April Chinese Trade Balance. Later at 06:00 GMT and ahead of London’s opening, the Bank of England will unveil its decision on monetary policy. Volatile Asian session expected.…
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What you need to know on Friday, May 22nd: Risk-off returned by the hand of US-China trade tensions. The greenback ended the day mixed across the board, although major pairs remained within familiar levels. The preliminary estimates of Markit May PMIs mostly beat the market’s expectations, but remain well into contraction levels, suggesting a steeper…
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Mumbai: The rupee depreciated by 25 paise to 76.31 against the US dollar in opening trade on Friday, tracking weak domestic equities and strengthening of the US dollar overseas. Forex (Click Here For Best Forex Techniques) traders said the rupee opened on a weak note taking negative cues from Asian equities. The rupee opened at 76.30 at the interbank Forex (Click Here For Best Forex Techniques) market…
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What you need to know on Wednesday, May 6th: The EUR was the worst performer against the greenback after the German Constitutional Court ruled on ECB’s stimulus program introduced back in 2015. The court said that the program had not violated any law, yet gave a three-month ultimatum to the ECB in order to demonstrate…
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