The pair is trading higher below 106.50 against the background of the weaker dollar ahead of an expectedly important speech from the Fed’s head, Jerome Powell, to be made at the Jackson Hole symposium tomorrow. Drastic measures from the Fed aimed at supporting inflation are expected and may put …
Tuesday, August 25, today’s news—in the 2nd quarter, German GDP declined by 9.7% compared to the previous three months, this is the most significant rate of decline since the beginning of accounting for the indicator in 1970. US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin note progress in …
The Australian dollar rose against most of the major currencies during trading today, Tuesday, in light of the continuing optimism in the markets regarding vaccines and treatments for the "Corona" virus, despite the continuing high number of infections and deaths.
This comes after the US Food and Drug Agency announced …
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