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Dollar Drops Amid Reports of Narrower Tariffs Under Trump

LONDON, Jan 6 – The dollar fell by 1% on Monday following a report suggesting that President-elect Donald Trump might implement tariffs targeting only critical imports, offering potential relief to countries bracing for more extensive levies. Reports indicated that Trump's team was considering......

U.S. Dollar on Track for Strongest Annual Performance in Nearly a Decade

The U.S. dollar is poised to achieve its best annual performance in nearly a decade, supported by a combination of economic strength and growing demand. Throughout the year, the dollar has seen a significant appreciation of 7%, marking its most substantial rise since 2015. This surge has led to a decline......

Bitcoin dips sharply amid Federal Reserve decisions

Bitcoin, which has been soaring to record highs in recent weeks, experienced a significant decline, losing approximately $8,000 in value. This drop follows key decisions by the U.S. Federal Reserve, led by Chair Jerome Powell, that unsettled investors. Interest rate cuts spark concerns On December......

A Cautious Approach Federal Reserve's Slow Path to Rate Cuts

The Federal Reserve is poised to announce a quarter-point reduction in its benchmark interest rate, lowering it from approximately 4.6% to around 4.3%. While this marks a continuation of recent cuts, the pace of rate reductions is expected to slow in 2025, signaling a shift in the central bank's......

Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

Morocco's Central Bank Poised for Further Interest Rate Reductions in 2024

In a significant move that could reshape Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, is expected to implement additional cuts to its policy rates during the latter half of 2024. This forecast, put forth by Fitch Solutions, suggests a continuation of the monetary......

Navigating the Road to 2% Inflation: A Prolonged Journey Ahead for the US Federal Reserve

In a candid assessment, Jerome Powell, the Chair of the United States Federal Reserve, revealed that achieving confidence in slowing inflation towards the 2% target will take "longer than expected". During a round table discussion in Washington with his Canadian counterpart, Powell acknowledged......

U.S. Treasury Bond Yields Rise After Strong Jobs Report

U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......