Bank of America sees more downside for the dollar
Investing,com – The US dollar has stabilized after a sharp fall in August, but Bank of America Securities sees more troubles ahead for the US currency. At 07:20 ET (11:20…
Dollar’s demise appears overstated – JPMorgan
Investing.com – The US dollar has had a difficult summer, dropping substantially during the month of August, but JPMorgan thinks those predicting the demise of the U.S. currency are getting…
China’s Xi boosts Africa financing by $51 billion, promises a million jobs
By Laurie Chen BEIJING (Reuters) – President Xi Jinping pledged on Thursday to step up Chinese support to Africa, the world’s second fastest-growing continent, with funding of nearly $51 billion,…
Pound Mistakes Twice. Forecast as of 05.09.2024
The markets are overestimating the pace of the Federal Reserve’s rate cuts and underestimating the extent of the Bank of England’s monetary expansion. The future trajectory of the GBPUSD pair…
US FX/CFD Broker Relinquishes CySEC License
AMP Global, an FX/CFD broker with roots in the US, has likely decided to suspend its operations in Europe, which it conducted through AMP Global Ltd. The company announced that…
Morning Bid: Stocks calmed as action switches to rates, jobs
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. stocks look to have weathered the early September squall for now but interest rate speculation…
Rupee ends nearly flat as cenbank absorbs importers’ dollar demand
MUMBAI (Reuters) – The Indian rupee declined to a lifetime low on Thursday pressured by dollar demand from importers for meeting their immediate and futures payments. The rupee dropped to…
Card Fraud Grips UK Residents: Victims Lost Almost £60 Million in Three Years
Residents of the United Kingdom lost more than £59.8 million to card fraud over the past three years, according to official data from the country’s authorities. On the positive side,…
China offers Africa $51 billion in fresh funding, promises a million jobs
By Laurie Chen BEIJING (Reuters) – President Xi Jinping pledged on Thursday to step up Chinese support to Africa, the world’s second fastest-growing continent, with funding of nearly $51 billion,…
US to spend $7.3 billion on rural clean energy projects
By Leah Douglas (Reuters) – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by…
