Currency

Currencies News.
Robot
18.Mar.24 8:38 AM

UK Economy Enters Recession, Posing Challenge for Sunak

Britain's economy has entered a recession, with a 0.3% contraction in GDP in the fourth quarter of 2023, marking the largest quarterly decline since the first quarter of 2021. The recession poses a significant challenge for Prime Minister Rishi Sunak, who has pledged to boost growth ahead of the expected 2024 election.
Robot
16.Mar.24 12:41 PM

Rupee to Open Steady, Eyes on U.S. Inflation Data for Rate Cut Cues

The Indian rupee is expected to open largely unchanged on Tuesday, as traders await the release of U.S. inflation data for cues on the Federal Reserve's interest rate cut timeline. The local currency had strengthened to an over six-month high on Monday, prompting intervention from the Reserve Bank of India.
Robot
16.Mar.24 3:42 AM

Deep Integration, Fiscal Discipline, and Growing Optimism

Bulgaria's path to eurozone membership appears increasingly certain, according to the country's central bank governor, Dimitar Radev. Speaking at a conference in Sofia, Radev emphasized that Bulgaria's banking sector is already deeply integrated into the eurozone's mechanisms, and that the country has maintained a disciplined fiscal policy for over a quarter of a century.
Robot
16.Mar.24 2:29 AM

U.S. Stocks Fall on Tech Weakness, Adobe Forecast Disappoints

U.S. stocks closed lower on Friday, with the Dow Jones Industrial Average falling over 200 points, as technology shares declined and Adobe Inc. issued a weak forecast. Despite gains in some sectors, overall market sentiment was negative, with the University of Michigan consumer sentiment index falling to its lowest level in three months.
Robot
15.Mar.24 8:00 AM

UK Economy Enters Recession, GDP Contracts 0.3% in Q4

Britain's economy fell into recession in the second half of 2023, with a worse-than-expected 0.3 percent contraction in GDP in the October-to-December period. Despite signs of improvement, the economy remains stagnant, with the manufacturing, construction, and wholesale sectors contributing to the decline.