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19 March
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Rising recession fears drive US dollar strength across the board
On Thursday, the US dollar rose sharply. The greenback's growth was triggered by investors’ concern about the coming recession in view of the Fed's announcement on raising interest rates next year.
16 December 2022
Consumer confidence in Great Britain remains at a record low
An exceptionally low level of consumer confidence has been registered in Great Britain over eight successive months. In a 50-year long history of the GfK survey, this is the longest period of gloom in the country.
16 December 2022
Factory activity in Japan declined at the fastest pace in 26 months
According to a corporate survey released on Friday, manufacturing activity in Japan contracted at the fastest pace in December. This downward trend was recorded for the first time in more than two years due to weak demand and persistent price pressure.
16 December 2022
Danske Bank: Euro will fall against the dollar in 2023
According to the forecasts of Danske Bank economists, the euro/dollar pair is expected to fall next year.
16 December 2022
Jobless claims in the US. dropped to the lowest since September
According to the Department of Labor, the number of initial jobless claims decreased to 211,000. Economists supposed that their number will be 230,000.
16 December 2022
Bank of England raised the rate by 0.5%
The Bank of England raised its key rate by 0.5% to 3.5%, while Great Britain is preparing for a prolonged recession.
16 December 2022
TD Securities: pound sterling doesn’t receive support from the Bank of England
Expectations of specialists and market participants came true — the Bank of England increased Bank Rate by 50 basis points to the level of 3.50%. Thus, the pound sterling is left without much support from the British central bank, according to a report by TD Securities economists.
16 December 2022
Central Bank of Mexico increases rates similar to the Fed
Last month in Mexico there was a significant drop in inflation. Currently, the central bank of Latin America's second-largest economy slowed the pace of interest rate increases.
16 December 2022
ANZ Bank: gold tends to be more valuable during recessions
According to strategists at ANZ Bank, gold prices tend to remain under downside pressure ahead of an economic downturn. However, recessions usually move gold prices up and make gold perform inversely to other markets, such as the stock market.
16 December 2022
Oil finishes the week on the rise, despite expectations of economic slowdown
Oil is about to end the week on the rise after a series of positive forecasts regarding fuel demand. On Tuesday, OPEC stuck to its projections for global oil demand growth of 2.55 million bpd this year and 2.25 million bpd next.
16 December 2022
