Dollar heads for third weekly gain as payrolls data looms

© Reuters. U.S. one dollar banknotes are seen in this illustration By Stanley White TOKYO (Reuters) – The dollar steadied on Friday ahead of data from the United States that is expected to show an increase in job creation and a lower unemployment rate for March, as the the world’s largest economy maintains a steady […]

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Euro Risks Fall Below $1.18 as Third Covid Wave Hits EU, Experts Warn

© Reuters. By Yasin Ebrahim Investing.com – The euro fell against the dollar Wednesday and could soon be staring down the barrel of a plunge below $ 1.18 as the third wave of Covid-19 threatens the outlook for the economic bloc. fell 0.22% to $ 1.1823 and could continue its bearish trend as the U.S. […]

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Currency hit to North American companies dropped in third quarter: Kyriba

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Caroline Valetkevitch NEW YORK (Reuters) – The negative impact of currency fluctuations on North American company results fell sharply in 2020’s third quarter, reversing an upward trend, according to data from treasury and financial management firm Kyriba released on […]

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Gold Clinches Third Winning Week on Stimulus Chase

© Reuters. By Barani Krishnan Investing.com – Gold prices dipped Friday as the battered dollar rebounded from 2-½ lows. But that didn’t stop the yellow metal from posting a third straight weekly rise from gains accumulated on bets that the U.S. Congress will soon pass another coronavirus fiscal relief. Printing more money at the expense […]

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Exxon posts third straight loss as pandemic hits energy demand, prices

© Reuters. FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba (Reuters) – Exxon Mobil Corp (N:) posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 impact on […]

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Nikola Corp’s founder purchased truck designs from third party – FT

© Reuters. (Reuters) – Nikola Corporation’s (O:) founder Trevor Milton purchased the original design for the company’s flagship truck from a Croatia-based designer, the Financial Times reported https://on.ft.com/3mWv2s7 on Saturday, citing people with knowledge of the matter. Nikola One, the company’s flagship hydrogen-powered truck truck, is at the centre of a design patent infringements lawsuit […]

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Citigroup files third lawsuit over accidental Revlon payment

© Reuters. The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto (Reuters) – Citigroup Inc (NYSE:) filed a third lawsuit on Friday in its latest attempt to recoup nearly $ 1 billion it mistakenly sent to lenders of Revlon Inc. The third largest U.S. bank has so far sued […]

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China’s FX Reserves Rose for Third Month as Outflows Stay Muted

© Reuters. China’s FX Reserves Rose for Third Month as Outflows Stay Muted (Bloomberg) — China’s foreign-currency holdings rose last month, signaling that capital outflow pressures remain muted. Reserves climbed to $ 3.112 trillion from $ 3.102 trillion in the previous month, the People’s Bank of China said on Tuesday. Key Insights The reading is […]

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US Q1 GDP (third reading) -5.0% vs -5.0% expected

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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