(This story originally appeared in on May 15, 2021) Chennai: Gold buying on Akshaya Tritiya did not halt completely but took on the digital form as jewellers across major markets were shut due to Covid-induced lockdowns. Considered an auspicious occasion to buy gold, this year too, like 2020, Akshaya Tritiya was celebrated under the shadow
Year-to-date, Canadian dollar is the best performing currency against US dollar. Indeed, most of the gains has been accumulated after the April BOC meeting, at which policymakers announced QE tapering and hinted about rate hike in as soon as next year. Despite recent disappointment in macroeconomic data, we expect yield differential and crude oil price
In this article DASH Sign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020. Smith Collection/Gado | Archive Photos | Getty Images DoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a short-term shortage of delivery drivers as consumer demand outstripped its forecast. But the company raised
GBP/USD Forecast: Virus variant concerns and the American shopper may push cable below 1.40 GBP/USD has been attempting recovery as markets swing back to positive ground.  The danger from variants to Britain’s reopening and US consumption data could push the pair lower. Friday’s four-hour chart is showing that 1.40 is a critical separator of ranges.
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White House economic advisor Rouse speaking. Meanwhile White House economic advisor Rouse is also speaking and says: At moment, people view current spike in inflation as a transitory phenomenon Inflation expectations are the purview of the Federal Reserve We’ve a long way to go on economic recovery. Trade team is looking at tariffs as factor in inflation deficit finance expenditures
A tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC). Argentina’s Federal Administration of Public Income, or AFIP, has ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations by users on their platforms, local news agency Buenos Aires Económico reports Tuesday. In
Dollar is under selling pressure against after rather poor retail sales data. US futures also pare back some earlier gains and look vulnerable. Yen is currently following the greenback as the second weakest, while commodity currencies are the strongest, together with Euro. The question now is, whether Dollar’s decline could gather enough momentum for new
A worker on an auto assembly line in Smyrna, Tennessee. Luke Sharrett/Bloomberg/Getty Images The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC. The U.S. Consumer Price Index for April rose 4.2% from the same period last year, its
Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he is worried about excesses and imbalances in the economy and the housing market, as reported by Reuters. Additional takeaways “It’s going to take a while to resolve supply-demand imbalances in labor market.” “Watching carefully if supply-demand imbalances feed into higher inflation.” “Committed to anchoring inflation
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