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FOREX-Dollar hits two-decade high on interest rates fears
... since 2019 on the Swiss franc. It was up 0.4% and close to a two-decade high at 131.00 yen and tested recent peaks at $1.0508 per euro. Weighed by the Bank of England's gloomy outlook, sterling fell 0.5% to its lowest since mid 2020, at $1.2268. The Canadian dollar has hit its lowest level since December. Trade data showed that imports fell in April and exports rose 3.9%. That was a little better than expected but proved little help for the yuan, which was dragged to a new 18 month low of 6.7260 per dollar ...
Updated: 05/09/2022
US, allies announce new sanctions against Russia over Ukraine
... multiple launch rocket system from the G 7 countries. ALSO READ: Ukraine seeks to seize Russia's assets for post-conflict recovery. He said that Ukraine needs up to $7 billion a month during the conflict with Russia, and would need about 600 billion dollars for the post-conflict recovery. Canadian Prime Minister Justin Trudeau arrived in Kiev early Sunday and attended the meeting with Zelensky . The US announced on Sunday new sanctions against Russian state media, as well as the provision of US accounting and consulting services to Russia,...
Updated: 05/09/2022
G7 announces new sanctions against Russia over Ukraine crisis
... 270 multiple launch rocket system from the G 7 countries. ALSO READ: Ukraine seeks to seize Russia's assets for post-conflict recovery. Ukraine needs up to $7 billion a month to recover from the conflict with Russia, and will need about 600 billion dollars for the post-conflict recovery. Justin Trudeau , Canadian Prime Minister, arrived in Kiev early Sunday and attended the meeting with Zelensky . The United States has announced on Sunday new sanctions against Russian state media and the provision of U.S. accounting and consulting services to Russia,...
Updated: 05/09/2022
Asian stocks skid, Nikkei gains ground
....69 percent to close Friday at 27,003. The U.S. dollar was steady to stronger during Asian trading. The euro was at 1.0515 and held the 1.0500 level at the end of the day. The British pound was weak at 1.2336. The Swiss franc was down to 0.9861. The Canadian dollar was little changed at 1.2840. The Australian dollar fell to 0.7093. Overnight on Wall Street, the Nasdaq Composite had a major sell-off, falling 647.16 points or 4.99 percent to 12,317. The Dow Jones Industrials were down 1,063 at the end of the ...
Updated: 05/06/2022
Stocks, RBI raise interest rates
... speculation of more aggressive rate hikes in the future. He said that the Fed raised rates by 50 basis points, the biggest increase since 2000. The euro dropped to 1.0595. The British pound was down to 1.2527. The Swiss franc was down to 0.9761. The Canadian dollar was slightly lower at 1.2751. The Australian dollar was softer at 0.7215. The New Zealand dollar fell to 0.6511. Overnight on Wall Street, the Dow Jones rose 930.37 points or 2.81 percent to 34,061. The Standard and Poor's 500 jumped 124.69 points ...
Updated: 05/05/2022
UPDATE 1-Canadian dollar likely to rebound next year
TORONTO Reuters - The Canadian dollar will claw back its recent decline over the next year as elevated oil prices bolster Canada's trade surplus and the central bank possibly hikes interest rates as much as the U.S. Federal Reserve, according to a poll by the Canadian dollar. TORONTO ...
Updated: 05/05/2022
Dow Jones soars 930 points, euro up
... terms, rallying 401.10 points or 3.19 percent to 12,964. The U.S. dollar was sold off sharply despite the official interest rate increase. The euro went up to 1.0607. The British pound went up to 1.2623. The Swiss franc was strengthened to 0.9731. The Canadian dollar rose by a cent to 1.2743. The Australian dollar was sharply higher at 0.7254. The Paris-based CAC 40 shed 1.24 percent over the course of the day. In Germany, the Dax was off 0.49 percent. The FTSE 100 in London fell by 0.90 percent. Markets ...
Updated: 05/04/2022
Canada in talks with firms to develop EV supply chain
... the United States, Japan and Korea. Canada is urging minerals producers and processors to scale up production. A multi-billion dollar fund set up in 2020 has invested in EV projects, and last month pledged C $3.8 billion $3 billion over eight years to help ... ... border from Detroit, which Champagne called a watershed moment. The government is hoping to establish a strategy that will make Canadian minerals, like lithium, cobalt and nickel, key to EV production in North America, according to chief executives in the ...
Updated: 05/04/2022
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