The dollar seems to struggle ahead of the Thursday speech from U.S. Federal Reserve Chair Jerome Powell. Fed Chair Powell on Thursday addresses a virtual Jackson Hole symposium with the theme "Navigating the Decade Ahead: Implications for monetary policy." Investors expect he might address the bank's strategy - especially its 2% inflation target, with speculation [...]
European Union (EU) hardliners are reportedly ready to accept EUR 390 billion in grants on corona virus recovery fund. This comes after the earlier Reuters report that the Frugal Four are ready to accept EUR 390 billion in grants and EUR 360 billion in loans. Austrian Chancellor Sebastian Kurz tweeted out on Monday, the European [...]
Account of the monetary policy meeting of the Governing Council of the European Central Bank released yesterday was of meeting held in Frankfurt aim main on Wednesday and Thursday, 3-4 June 2020. In this meeting, Ms.Schnabel reviewed the financial market developments and arrived at 3 key conclusions. First, the ECB’s monetary policy measures, together with [...]
The corona virus cases has increased to 190.862 totaling to 8895 death as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Tuesday. Cases increased by 503 in Germany on Tuesday whereas Monday it was +537. The death count rose by 10, the tally showed. Estimation of the virus reproduction [...]
