The Australian Dollar surged to the upside on Thursday, hitting a 2-1/2 year peak, on strong iron ore prices. The Aussie was also helped by a weaker U.S. Dollar, which fell in reaction to the release of weaker-than-expected jobless claims data, which increased the urgency for U.S. lawmakers to push through new fiscal stimulus before [...]
The Pound became weaker today after the ‘boring’ meeting between Boris Johnson and Ursula von der Leyen in Brussels. The meeting ended without a deal as the two pressed their teams to reach an agreement. This shifts the next solid deadline to Sunday. On the economic calendar, the key events today will be UK GDP [...]
The loonie pair declines for the first time in the week even as risk catalysts stay upbeat. The reason could be traced from the pair’s traders cautious sentiment ahead of the Bank of Canada (BOC) monetary policy meeting. Global market sentiment remains cautiously optimistic as the US policymakers are finally inching closer to the much-awaited [...]
Japan announced a fresh $708 billion economic stimulus package on Tuesday to speed up the recovery from the country's deep coronavirus-driven slump, while targeting investment in new growth areas such as green and digital innovation. The new package will include about 40 trillion yen ($384.54 billion) in direct fiscal spending and initiatives targeted at reducing [...]
