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Dollar slips after Trump’s protectionist speech

On Monday, after US President Donald Trump hit a protectionist tone in his inauguration speech, the Dollar slipped largely counterbalancing optimism that he will follow through on his promises of tax cuts and other stimulus. US Stock Futures dipped as well

Dollar Drops on Yellen Comments

The Dollar got weaker against major peers after Janet Yellen’s speech saying that it was prudent for the Federal Reserve to gradually adjust policy over time. Meanwhile, Gold climbed for a second day. Gold headed for a fourth straight weekly advance

Deutsche Bank signs $7.2 billion deal with US over risky mortgages

Deutsche Bank AG signed a final settlement with the US Justice Department over its sales of toxic mortgages in the run-up to the 2008 crisis, resolving one of its biggest litigation risks. The Justice Department said on Tuesday that the bank

Sterling slips on Brexit anxiety

On Monday, Sterling slipped to three-month lows in Asia markets having finished around $1.2175 in New York on Friday. It was last down 1.1% at $1.2044; while investors were again alarmed by concerns over Brexit. Regional share markets were uncertain with

Euro zone economy registering surprisingly strong growth

On Thursday, data showed that Industries across the Euro zone turned up production in November and Germany ended the year with its strongest growth in 5 years, which indicates an economic shot that may be arriving earlier than expected this year.

Gold hits highest in over one month

On Tuesday, Gold rose to its highest in over one month maintained by a weaker US Dollar and fears that Britain will not have a clean break with the EU strengthened safe haven buying. Gold advanced by 0.3% to $1,184.00 an

Australia forecasts dramatic drop in iron ore prices through 2018

Australia is forecasting an important drop in the price of iron ore — its most valuable export commodity — over the next two upcoming years to below actual market prices. According to the Department of Industry, Innovation and Science forecasts, iron
A shop cash register is seen with both Sterling and Euro currency in the till at the border town of Pettigo

Sterling capitalizes on Dollar retreat after data lift

On Thursday, the Sterling rose against the Dollar with more upbeat data underlining UK economy’s post-Brexit resilience which helped the Pound make the most of a retreating greenback. The turnaround was completed as unspectacular weekly US jobs figures weakened the Dollar

European Stocks progressed on the first trading day of 2017

On Monday, the Euro Stoxx 50 Index grew 0.6% with the UK and Swiss markets closed for holidays. In Germany, the region’s biggest economy, the DAX Index increased 1% in its best day since mid-December. Italy’s FTSE MIB also jumped 1.7%

Shares in Toshiba fell more than 19% in morning trade on Thursday

According to Reuters, Shares in Toshiba fell more than 19% in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar write-down. Ratings agencies were