The Euro was trading near to a 3-year low against the greenback as FX traders await the latest economic news. Against the US Dollar, the Euro has depreciated nearly 3.4% since the beginning of the year, largely on disappointing economic data which has fueled expectations that the European Central Bank […]
Read Time : 3 Minutes
Bank of Japan Considering to Stop Pursuing 2% Target – 18 February 2020
The Bank of Japan is considering to stop chasing its 2 percent inflation target according to sources. The main reason behind this move is the effects of the coronavirus epidemic in the Japanese economy. “While the inflation target remains very important, the focus of the BOJ’s policy has shifted toward […]
Read Time : 3 Minutes
China to Remove Tariffs of More than 690 American Goods – 18 February 2020
The Chinese government said on Tuesday that it will remove tariffs of over 696 products from the United States, like soybeans, pork, crude oil, among others. According to China, the tariff exemptions for qualified US products will be effective for one year. This new measure is part of the recently […]