The DXY dollar index soared to a 3-week high of 102.05, bringing the EUR/USD pair to strong support at 1.10. The dollar's recovery is driven by strong data on the US economy and labor market, as well as expectations of a slowdown in the Fed's rate cuts.On Thursday, the dollar index reached a six-week high, supported by indicators of the service sector and a positive picture on the labor market. The probability of a Fed rate cut by 50 bps in November fell to 32%, which led to a 1.5% strengthening... Read More
Chinese companies intend to raise up to $10-15 billion through offshore bonds this quarter.Such an... Read More
Oil prices on Friday showed the largest weekly increase in more than a year, helped by heightened... Read More
Diamond exports from Russia may decrease by 17%, reaching $3.19 billion. This is facilitated by a... Read More
