European Central Bank’s Governing Council differed on how much additional monetary stimulus was needed in last month’s meeting, according to Bloomberg. The council, nonetheless, agreed more aid was needed to preserve favorable financing conditions. Policymakers argued for smaller and larger increases in the pandemic bond-buying program and disputed the extent of loosening … [Read more...] about ECB Unanimous on Stimulus Need, But Yet to Agree on Extent
Forex News
Donald Trump Becomes the First U.S President to be Impeached Twice
The U.S. Democratic-led House voted 232-197 to impeach President Donald Trump for the second time, according to Reuters. Trump became the first U.S. president to be impeached twice, even as 10 of his fellow Republicans also charged him of “incitement of insurrection.” The House passed a single article of impeachment against Trump following an incendiary speech a week before … [Read more...] about Donald Trump Becomes the First U.S President to be Impeached Twice
Dollar Shows Resilience but Might Not Hold for Long
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
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
