Saudi Arabia, US sign 18 deals during Biden visit
As a result of US President Joe Biden’s visit to Saudi Arabia, the parties signed 18 documents on cooperation in various fields, the Saudi state news agency SPA reported. „The…
US business inventories for May 1.4% vs. 1.3% estimate
US business inventories 1.4% vs. 1.3% estimate. Prior month revised to 1.3% from 1.2% retail inventories ex auto 0.8% vs. 1.7% last month U.S. total business end-of-month inventories for May…
Saudi Arabia doubled imports of Russian fuel oil for power generation in Q2
The kingdom is burning Russian fuel to free up its own oil for export. Part of the import goes directly, part – through Egypt and the UAE Saudi Arabia, the world’s…
The fall of the euro is unlikely to be limited to parity
The fall of the euro may not be limited to a round number. Now, in the wholesale financial markets, one euro is equal to one dollar. „Parity” has been at…
The dollar rose to its highest level since September 2002
The US dollar held onto a two-decade high on Friday as a broad wave of risk aversion swept through global markets, with traders playing off the prospect of a 100…
Gazprombank gave a disappointing forecast for the ruble for the second half of the year
Dollar / ruble exchange rate on the Moscow Exchange at intervals of 1 minute Dollar / ruble exchange rate on Forex at intervals of 4 hours A gradual weakening of…
Alfa-Bank does not expect a reduction in the key rate of the Central Bank on July 22
CBR is likely to take a break in lowering the rate at a meeting on July 22 – Alfa-Bank Economists at Alfa-Bank do not exclude that the Bank of Russia…
The ruble is preparing for a weekly increase against the dollar, but may fall sharply by the end of the month
The ruble rose against the US dollar in Moscow, poised for its first weekly gain in three. The Russian currency is on its seventh day of gains against the yuan,…
In Europe, will change the sanctions against Russia in matters of food exports
Media: EC plans to change sanctions against Russia to avoid obstacles to food exports MOSCOW, July 15 – Prime. The European Commission will propose changes to sanctions against Russia on…
USD/JPY: FOCUS NOW SHIFTS TO 140.00 – UOB
Further upside momentum could lift USD/JPY to the 140.00 region in the next weeks, commented FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. KEY QUOTES 24-hour view: “While…