The currencies market was relatively active last week, with the euro being the best-performer. The US dollar continued to lag against key currencies while the Hong Kong dollar was a bit stable as a political storm brew. Let us look at the five key economic events and currencies to watch in the coming week. Central […]
The euro has been on an upward trend this week. The euro index, which measures the performance of the euro against a basket of currencies, rose by more than 1.35 per cent. It is trading at the highest level since March. The currency rose by more than 2 per cent against the dollar and by […]
MoneyGram and Uber are joining hands to boost remittances in more than 200 countries. In a deal announced today, the MoneyGram, the financial payment giant said that it would give discounts to Uber drivers who send money to their friends and relatives internationally. The discount will apply to all people who earn money through Uber’s […]
Crude oil has been in the news a lot of late. The price is down by more than 40 per cent this year, and a few weeks ago, the drillers were paying customers to take their oil. As a result, oil-dependent economies have been devastated at a time when they are also battling the coronavirus […]
The US dollar was little changed last week as the financial market watched the spreading coronavirus pandemic and the brewing tensions between the US and China. The euro held steady too as most European countries started to reopen their economies. On the other hand, the British pound declined slightly as the financial market received more […]
The coronavirus pandemic has caused havoc around the world. According to the International Monetary Fund (IMF), the world is facing the worst economic crisis since The Great Depression of the 1930s. The numbers show the impact. In the United States, the unemployment rate has surged to almost 15 per cent and more than 38 million […]
The US dollar has been on a downward trend in the past two days as the market has reacted on the new information on coronavirus pandemic. The closely watched US dollar index has declined by more than 1.25 per cent since Monday, and some experts expect it to continue falling. This index measures the performance […]
The US dollar held steady last week, even with the weak inflation, employment, and retail sales numbers from the United States. This strength was partly due to the Fed chair, Jerome Powell, who ruled against negative interest rates. The British pound weakened slightly as the market reacted to the third round of Brexit talks. Meanwhile, […]
The British pound declined today as the third round of Brexit talks ended with little progress. The pound index, which measures the performance of the sterling against a basket of currencies declined by more than 0.85%. It declined by almost 1 per cent against the US dollar and more than 1.10 per cent against the […]
Payment startups were the biggest winners in venture funding in 2019, according to a new report by CB Insights. Payment fintech investments rise According to a CB Insights report released in February, fintech companies raised more than $33 billion in 2019, down from $40.8 billion a year before. This funding was spread across 1,912 deals […]