Economy – Page 116 – Golden Financier

Economy

US inflation cools in November, offering relief amidst Fed concerns

The latest economic data reveals a welcome moderation in inflation, as the personal consumption expenditures (PCE) price index rose by a less-than-expected 0.1% in November. This figure, a notable decrease…

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Economy

Laopu Gold stock surges 437% since June listing: what’s fueling the rally?

Despite sluggish demand in the retail jewellery market, Beijing-based Laopu Gold has emerged as a standout success. With revenue skyrocketing 148% year-on-year in the first half of 2024 and stock…

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Economy

Indian rupee rebounds slightly after hitting record low of Rs 85.13

The Indian rupee saw a modest recovery on December 20, appreciating by 6 paise to open at Rs 85.07 against the US dollar in early trade. This comes after it…

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Economy

Amazon workers strike: key facilities disrupted amid escalating labor tensions

The largest strike in Amazon’s history, organized by the International Brotherhood of Teamsters, erupted across the US this week, marking a significant escalation in the ongoing battle for better wages,…

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Economy

GBP/USD forecast: sterling outlook after the BoE, Fed decisions?

The GBP/USD exchange rate dived to its lowest level since May 2024 as the US dollar index surge gained steam. It dropped to a low of 1.2497, much lower than…

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Economy

Why is Trump threatening additional tariffs on Europe, and is he serious?

Donald Trump, the president-elect of the United States, has issued another warning to the European Union, threatening tariffs if its member states do not increase their purchase of American oil…

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Economy

USD/NOK analysis ahead of the Norges Bank rates decision

The USD/NOK exchange rate jumped to its highest level since March 2020 as crude oil prices dropped and as the US dollar index surged. The pair was trading at 11.35…

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Economy

Bank of Japan holds rates steady amid inflation pressures, JPY hits one month low

On Thursday, the Bank of Japan (BOJ) maintained its benchmark interest rate at 0.25%, citing uncertainties in Japan’s economic activity and pricing dynamics. The move comes as the yen weakened…

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Economy

USD/ZAR: South African rand sits at key level after hawkish Fed

The South African rand has remained on edge as emerging market currencies slumped after the hawkish Federal Reserve interest rate decision. The USD/ZAR exchange rate rose to a high of…

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Economy

South Korean won hits 15-year low: here’s why

The South Korean won plunged to its weakest level in 15 years on Thursday, reflecting heightened economic and political risks. The currency was trading at 1,449.9 per dollar in early…

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