News

The Reserve Bank of New Zealand has been more fortunate in withdrawing stimulus during the pandemic compared to its peers, struggling to contain inflation by raising interest rates by 525 basis points since October 2021 in the most…
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The Reserve Bank of New Zealand kept the interest rate unchanged at 5.5% on Wednesday, surprising the markets as policymakers stated that risks to inflation expectations have become more balanced. The decision by the Reserve Bank of New…
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Futures for stocks on Wall Street declined on Tuesday, as traders look to key economic data this week and a fresh batch of corporate earnings. Most futures for the Dow Jones, S&P 500, and Nasdaq 100 remained unchanged. Comments from…
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The US dollar declined in early European trading on Tuesday, while the euro rose ahead of the release of key inflation readings later this week, which will provide further signals on global interest rates. The dollar retreated during the…
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The depreciation of the yen to less than 150 yen against the dollar has prompted warnings from Japanese officials that the pace of the currency's decline is "excessive" and "undesirable." However, the likelihood of a repeat of the…
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Oil prices rose on Tuesday, nearing their highest levels in three weeks due to escalating tensions in the Middle East and a recovery in Chinese demand. Crude oil rose to $78.40 per barrel in the morning. The Houthi rebels continued their…
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China announced its largest-ever cut in mortgage interest rates on Tuesday, as authorities sought to support the struggling real estate market and the economy overall. The 25-basis-point reduction in the benchmark interest rate for…
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The prices of cryptocurrencies rose on Wednesday in light of the continuous increase in the price of Bitcoin, which rose by another 4%. Bitcoin is currently trading at around $52,000, its highest level since December 2021. The surge has led…
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The U.S. Treasury Secretary, Janet Yellen, said on Tuesday that the data from the Consumer Price Index for January showed progress in combating inflation despite the rise in housing costs, which pushed the index higher than economists…
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The dollar stabilized on Monday, as a holiday in most major Asian markets weakened trading at the beginning of the week. Despite the potential for a busy week, attention is turning to U.S. inflation data, seeking clues about when the…
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