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…
Economy
1618 posts
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,…
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…
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…
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…
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…
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…
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…
New Zealand sinks into recession as Q3 GDP falls 1%
New Zealand’s economy contracted sharply in the third quarter of 2024, with GDP plummeting by 1.0% compared to the previous quarter, according to government data. This contraction dwarfed market expectations…
Canada’s inflation rate falls to 1.9% in November as travel and mortgage costs decline
In an unexpected development, Canada’s annual inflation rate fell to 1.9% in November, indicating a widespread drop in consumer prices across all sectors. According to Statistics Canada data, the annual…