The first signs of the economic hit from COVID-19 are beginning to be seen from the 'official' data, Jennifer Lee from BMO Economics reports. Key quot
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EUR/GBP struggles for direction near 0.9150
The recovery in the sterling continues to undermine the monthly rally in EUR/GBP, which is now navigating the mid-0.9100s after climbing well above 0.
USD/INR New York Price Forecast: Dollar retreats from record highs, trades near 75.15 vs. Indian rupee
USD/INR is retracing down sharply from record highs, challenging now the 75.00 figure. The spot can extend losses on a break below the 75.00 figure with 74.00
US Jobless Claims: Off the charts – RBC Economics
US jobless claims were off the charts at 3.28 million last week. Increase of 3 million from the previous week, nearly 2% of labour force, Josh Nye, a
Russia Central Bank Reserves $ dipped from previous $581B to $551.2B
Russia Central Bank Reserves $ dipped from previous $581B to $551.2B
Gold steadily climbs back closer to 2-week tops, around $1630 region
Gold reversed an early dip to sub-$1600 levels and jumped to fresh session tops, around the $1629-30 region during the early North-American session A
US: International trade deficit narrowed to $59.9 billion in February from $65.9 billion
The US' international trade deficit narrowed to $59.9 billion in February from $65.9 billion in January, the data published by the US Census Bureau sh
US: GDP expanded by 2.1% (YoY) in Q4 as expected
The real Gross Domestic Product (GDP) in the US increased at an annual rate of 2.1% in the fourth quarter of 2019, the US Bureau of Economic Analysis'
United States Goods Trade Balance rose from previous $-65.5B to $-59.89B in February
United States Goods Trade Balance rose from previous $-65.5B to $-59.89B in February
US Claims & GDP – 2 Sides of the COVID-19 Coin
<div> <p> <p>The 3,001k initial claims surge to an unprecedented 3,283k in the third week of March dwarfed the 71k rise to 282k (was 281k) in the BLS survey week, as disruptions of COVID-19 accelerated dramatically on Monday, March 16, with mandated closures of businesses across multiple states. Last week’s smaller initial c