Boris Johnson and the German chancellor spoke earlier about the proposals he had put forward to the EU - but the source said she made clear a deal based on them was "overwhelmingly unlikely". The European Union (EU) negotiators returned to Brussels after an intense round of departure talks, held in London, without any results [...]
Gold (XAU/USD) extends its bullish move into a third straight day on Friday, finally breaking through the $1900 mark while adding 1% a day. The main catalyst behind gold’s rally remains the persistent downward pressure on the safe-haven US dollar. The dollar index.DXY, which was down 0.2% against its rivals, was headed for a second [...]
The Japanese economy remains in a severe situation but starting to pick up, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a statement on Thursday. He also commented that "Will watch the impact of COVID-19 and take additional easing steps if needed without hesitation", "Japan consumer prices likely to fall for the time [...]
According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the euro could become a deflation currency like the Japanese yen was before the Bank of Japan, under Kuroda's leadership, launched unparalleled monetary stimulus in 2013. While the Euro is strong in trade-weighted terms, it remains weak in real or inflation-adjusted terms. [...]
