February 2, 2024 11:20 am
The USD/SEK currency pair held mostly steady on Friday, trading within a narrow range, ahead of key US employment data later in the day, which will be closely watched for clues regarding the Fed’s rate outlook. The exotic currency pair was poised to register a 0.69% weekly loss following central bank policy decisions. Market focus […]
Read moreFebruary 2, 2024 9:56 am
The USD/ZAR currency pair rebounded from a fresh 1-month low on Friday ahead of key US employment data later in the day, which will be closely watched for clues regarding the Fed’s rate outlook. Still, the currency pair was on track to register a second consecutive week of losses, being down 0.65%. “It has been […]
Read moreFebruary 2, 2024 7:49 am
The GBP/CAD currency pair rebounded from Thursday’s 4-week trough, after the Bank of England kept borrowing costs on hold and said it wanted more proof inflation would go back to target before cutting rates. The Bank of England left its benchmark interest rate without change at a 16-year high of 5.25% for the fourth consecutive […]
Read moreFebruary 1, 2024 12:02 pm
The EUR/JPY currency pair hovered just above a fresh 3-week low on Thursday, as core inflation in the Eurozone decelerated to a 22-month low in January, while the Japanese Yen received a boost from lower US Treasury yields. Preliminary data showed on Thursday that Euro Area’s annual inflation had slowed to 2.8% in January from […]
Read moreFebruary 1, 2024 10:02 am
The EUR/USD currency pair hovered just above a fresh 7-week trough on Thursday, after Federal Reserve Chair Jerome Powell pushed back on the idea that an interest rate cut could come as early as March, which kept the dollar supported. The Federal Reserve left its federal funds rate target range without change at a 23-year […]
Read moreFebruary 1, 2024 8:12 am
Having advanced to an intraday high of 1,329.92 per dollar on the back of upbeat domestic macro data, the South Korean Won gave back those gains later during the Asian session. The US Dollar remained supported after Federal Reserve Chair Jerome Powell pushed back on the idea an interest rate cut could come as early […]
Read moreJanuary 31, 2024 12:18 pm
BuildDirect.com Technologies Inc, a leading omni-channel building material retailer, said earlier this week its Board of Directors had appointed Marshall Rosichuk as Interim Chief Financial Officer, effective January 27th. Rosichuk is a financial executive with over two decades of experience as a CFO, Corporate Controller and Consultant to public and private companies within the service, […]
Read moreJanuary 31, 2024 10:41 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Tuesday that it had acquired Horak Insurance Inc, based in Washington, Iowa. However, the company did not disclose any financial details of the agreement. Horak Insurance Inc is a retail property/casualty insurance agency that serves commercial and personal […]
Read moreJanuary 31, 2024 8:23 am
Australia’s annual inflation rate was reported at 4.1% in the final quarter of 2023, while slowing from 5.4% in Q3. It has been the lowest inflation reading since the fourth quarter of 2021. In comparison, market consensus had pointed to a lesser drop – to 4.3%. Australia’s goods inflation decelerated for the fifth successive quarter, […]
Read moreJanuary 30, 2024 1:58 pm
Affluence Corporation, a leading company in Smart City Software and Internet of Things technology, said on Tuesday that it intended to acquire Durham Black LLC – a strategic advisory firm with a focus on several fundamental areas such as capital structure, growth execution and operational excellence. After the acquisition closes, Affluence will appoint Durham Black […]
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