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Oil Prices Mixed Amid Slowed Demand in China
Oil prices continued to decrease on Monday due to worries over demand after the outbreak of coronavirus in China, the world’s largest oil importer. The U.S.crude has the potential to change the price movement upwards. Photo: Reuters Last week, Brent and WTI crude oil futures tumbled for the fourth week in a row […]
Czech CB Shocks With Rate Rise, Crown Gains
The Czech national bank out of the blue raised its key borrowing cost by 25 bps on Thursday, against desires it would keep money related arrangement unaltered given a firming crown currency and questionable monetary improvements abroad. Photo: Flickr The bank has been one of the few in Europe keeping up a hawkish […]
Strong U.S. Dollar Stifles UKs Pound
Market participants worries over the impact of coronavirus on the global economy are intensifying, and with them the investors’ risk aversion. The UK’s currency get cheaper on Monday, being under pressure from the stronger U.S. dollar, considered also in times of uncertainties a safe haven currency. The British pound slipped by 0.29 percent against the […]