The dollar regains some ground against its major peers, but it will struggle to hold it for long as traders keep an eye on the Democrat administration's spending plans.Traders are taking profit in the euro after the common currency surged last year, but it should soon be back up.China’s bid to curb the advance of yuan isn't working as intended – at least for now. Forex … [Read more...] about Dollar Shows Resilience but Might Not Hold for Long
Forex News
U.S Consumer Price Index Rose 0.4% in December
U.S Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4% in December, according to the Department of Labor press release. The increase follows a 0.2% rise in November with the all time index posting a 1.4% surge over the last 12 months before seasonal adjustments. The seasonally adjusted increase in the all items index was driven by an 8.4% rise in the … [Read more...] about U.S Consumer Price Index Rose 0.4% in December
U.K House Prices End 2020 6.0% Higher than Last Year amid Slowdowns
U.K average house prices were £253,374 in December, 6.0% higher than in the same month a year earlier, according to Halifax press release. The monthly house prices rose only 0.2% from November despite the October-December quarter having a 2.6% growth from the preceding three months. December's rise in average house prices stretches the current run of continuous gains … [Read more...] about U.K House Prices End 2020 6.0% Higher than Last Year amid Slowdowns
Total Nonfarm Payroll Employment Fell by 140,000, Unemployment Rate Unchanged
U.S. total nonfarm payroll employment declined by 140,000 in December, according to the Bureau of Labor Statistics press release. The decline in payroll employment reflects the recent increase in coronavirus cases despite the unemployment rate remaining unchanged at 6.7%. Overall average hourly earnings were $29.81, slightly above the ones of November $29.58 and … [Read more...] about Total Nonfarm Payroll Employment Fell by 140,000, Unemployment Rate Unchanged
Norges Bank Likely to Remain Dovish in 2021
BREXIT deal negotiations have disrupted Norway’s fishing business that is likely to affect economic growth into 2021.Norges Bank may likely choose to maintain zero interest rates in 2021 as the government focuses on recovery.The low inflation rate of 0.7% at the end of 2020 resulted from reduced housing and utility prices. Ahead of its policy rate pronouncement on January … [Read more...] about Norges Bank Likely to Remain Dovish in 2021
