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© Reuters. The Kenyan shilling has been under significant stress due to an oversupply of dollars, leading to its devaluation and trading at Sh150 per U.S dollar. The situation has been aggravated by capital outflows as major economies increase base lending rates to mitigate inflation. Importers seeking dollars further exacerbate the situation, as reported by
Share: Gold price is continuing to profit from the Middle East crisis. Economists at Commerzbank analyze the yellow metal’s outlook. Gold in demand as safe haven The news coming out of the Middle East is likely to continue to dictate the direction for Gold, whereas previously dominant factors such as changes in bond
Japanese Yen Prices, – USD/JPY Charts and Analysis USD/JPY remains stuck just below 150.00. US/Japan rate differential contracts. US data will steer USD/JPY ahead of next week’s BoJ meeting. Recommended by Nick Cawley Get Your Free JPY Forecast The Bank of Japan gathers for a two-day meeting at the end of the month with markets
ExxonMobil Corp. is scheduled to report its earnings on Friday [27/10], before market open. The report will be for the fiscal quarter ending September 2023. The $433.74 billion market cap company is currently one of the largest publicly traded multinational oil and gas companies, with the largest petroleum and chemical products marketing and refining operations
Prior month +5.0 New orders -4 vs +3 last month Services index -11 versus +4 last month Shipments +9 versus +7 last month Employment +7 versus +7 last month Wages +29 versus +23 last month Availability of skills needed -1 versus -10 last month Prices paid +3.02 versus +4.06 last month Prices received +2.07 versus
Gold, Silver Analysis Gold prices ease after diplomatic efforts allow for momentary de-escalation An agreement was reached that would see aid flowing to those affected in Gaza and two Israeli hostages made their way back home. This and other ongoing conversations could result in a momentary respite in what has otherwise been a frantic war
© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo By Harry Robertson LONDON (Reuters) – The dollar rose on Tuesday after briefly falling to a one-month low on the back of a drop in U.S. bond yields, as weak economic data sent the euro sliding. Survey data