Economic News Category

Haven currency falls on omicron concerns As Asian traders eased concerns about the Omicron variant, risky currencies against the dollar on Wednesday rebounded from recent lows, and safe havens like the yen fell against the dollar. The Chinese yuan, an indicator of turbulent daily resilience, reached a six-month high of $ 6.3596 in the afterglow

Former US Treasury Secretary – Tariff cuts from the US and China will lower US inflation Former Treasury Secretary Jacob Liu told reputed news firm on Tuesday that lifting tariffs on goods during the worst trade war would help reduce US inflation.  However, he now tells that “there is no political space for him.”  “I

Retail sales in Japan rose 0.9% in three months in October Japan’s October retail sales were lower than expected but increased for the first time in three months, and underlying private consumption trends indicate pressures on a fragile economic recovery continue despite easing restrictions on COVID-19. Key Points: October retail sales increased 0.9% y/y against

Nikkei 225 dip 3% & Asia-Pacific markets slip down on rising fear of new COVID-19 strains GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw a double attack as it served food to bears

Global Market Asian tech stocks rise with dollar gain Asian tech stocks moved higher on Thursday, following US stocks. Although the larger gains were limited by the strength of the US dollar, as investors gambled on a faster rate hike in the US than other major economies. European stocks were expected to rise in early