Reckoning of Brexit and Chancellor Sunak’s budget strengthens Pound

The EU's chief negotiator met the UK's David Frost yesterday. After months of digital discussions, the pair finally met a few weeks ago to discuss Britain's exit from the bloc face-to-face. For further Brexit talks. Also, the pair is where to go for dinner yesterday night. And the next awaited update is Chancellor Sunak's fiscal [...]

RBA Rate Statement impacts Aussie

Reserve Bank of Australia today announced an interest rate. At its meeting, RBA made no changes to its monetary policy settings once again, with the official cash rate (OCR) maintained a record low of 0.25%, as expected. The Bank has not purchased government bonds for some time. Until date with total purchases of around $50 [...]

Economic recovery in Canada boost loonie

Donald Trump invited India, Russia, Australia, and South Korea to the G-7 meeting. Canadian Prime Minister Justin Trudeau said on Monday that Russia will not be included in the upcoming meeting of Group of Seven nations (G-7),  after knowing that the US President Donald Trump revealed that he has plans to invite Russia. The Trump [...]

Retail Sales Report Encourages Aussie

As per the Retail Sales monthly report, The seasonally adjusted estimate rose 16.9% in May 2020. This is followed a fall of 17.7% in April, and a rise of 8.5% in March 2020. The following industries rose in seasonally adjusted terms in May 2020: Clothing, footwear and personal accessory retailing (129.2%), Food retailing (7.2%), Household [...]