Month: June 2022

Euro is under broad-based pressure today as selloff against Swiss Franc spreads to other pairs. Yen is currently the best performer following another round of pull back in Germany, and to a lesser extent US, benchmark yields. Aussie and Kiwi are also recovering while Dollar is firm. But for the week, Swiss Franc is still
According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to contract by 1% in the second quarter, down from the June 27 forecast of +0.3%. “After recent releases from the US Bureau of Economic Analysis and the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and
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Price is now falling by over 4% to a low of $19,332 and that is the lowest since 19 June. The drop below $20,000 in the middle of this month was somewhat salvaged by sentiment remains on the rocks and there hasn’t been much confidence of a major rebound in  Bitcoin  and cryptocurrencies this time
New Delhi: Gold price in the national capital fell by Rs 176 to Rs 50,649 per 10 grams on Wednesday, reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,825 per 10 grams. Silver also fell by Rs 443 to Rs 59,725
Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro. On the other hand, Canadian Dollar is second strongest as supported by rebound in oil