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The Australian dollar rose significantly last week to a near eight-week high of 67.17 U.S. cents. That rate was contributed by lower US consumer price data, which questioned the need for further rate hikes by the Fed.

After the recent data publication that showed a possible peak of inflation being reached, Wall Street was united in celebration. Although some leading financial managers aren’t sharing such a euphoria.

Relatively high oil prices are encouraging the US energy companies to drill more.

Changping Zhao, CEO of leading cryptocurrency exchange Binance, called on industry peers to create clearer and uniform rules across the industry. In his view, implementing such rules can make the industry more stable.

The Boeing Company set hopes for a meeting of Joe Biden and Xi Jinping which will take place on Monday. It has been 3.5 years since Chinese airlines received the last few Boeing 737 Max airplanes.

The market positively accepted the extensive package of measures laid out by Chinese regulators to support real estate financing. The list of liquidity measures outlined was hailed by analysts as a turning point in the market.

As a result of last week's surge in the yen, traders revised their worst predictions for the once volatile currency to a high of 145 per dollar.

Kemi Badenoch, trade minister of the United Kingdom, is going to pay a working visit to Washington next Monday for a meeting with politicians and appealing to business sphere.

The cool reaction to the Bank of Japan's purchase of 25-year bonds has affected moods.

On Monday, Xi Jinping, China’s President, will arrive on the island Bali, Indonesia, for a long-awaitied meeting with the United States President Joe Biden on the sidelines of the G20 Summit.