The koruna breaks through the threshold of 23.90 per euro, for the first time since November 2008. However, it will weaken by the end of June. “Now is a good time to buy foreign currency,” advises economist Lukáš Kovanda. The Czech currency broke the exchange rate limit of 23.90 crowns per euro on Thursday afternoon. … Read more
Bankenskyline von Frankfurt 29.9 percent of those companies that are currently negotiating a loan reported reluctance on the part of the banks in December. (Photo: dpa) Berlin In view of rising interest rates and the feared recession, companies in Germany are finding it more difficult to obtain new bank loans. 29.9 percent of those companies … Read more
The krona strengthened against the euro on Monday morning to its strongest level since 2008, and it also strengthened significantly against the dollar. He is helped by the post-covid boom in Chinese and Asian markets and the prospects of a weakening dollar, writes economist Lukáš Kovanda in his commentary. During trading this morning, the Czech … Read more
to announce Swiss central bankfor a record loss of 132 billion Swiss francs (last year, breaking the previous record, when its loss in 2016 reached 23 billion, due to the decline in financial markets, which reduced the value of shares and bonds in wallet. The central bank clarified information today, Monday, in its preliminary results … Read more
2:42 pm Tuesday 27 December 2022 I wrote – Manal Al-Masry: After hours and days of speculation, the National Bank of Egypt and Egypt offered an interest certificate of 20% out of question during the current period, according to the assurances of the top management of the two banks yesterday, Monday, despite the Central Bank … Read more
Storage area – Tatang Jauhari alias Si Bangor expressed his disappointment that he was not elected to head a community empowerment organization (LPM) for Bedahan village, Sawangan district, Depok City, West Java. Tatang Si Bangor then asked the RW administrator to return the envelope he had given him. Si Bangor’s disappointment was expressed on social … Read more
Many Fed officials have voiced support for the need to control the pace of interest rate hikes, as indicated by the minutes of the central bank’s Nov. 1-2 meeting. Only a few of these officials stressed the need to raise the key interest rate further. Since the last Fed meeting, investors have seen a slew … Read more
Gold prices fell 1% as dollar and US Treasury yields increased. Gold fell in spot transactions by 0.8%. Gold prices fell 1% on Thursday as the dollar rebounded as recent comments from US Federal Reserve officials pointed to continued tightening of monetary policy to tame inflation. By 18:50 GMT, spot gold was down 0.8% to … Read more
US stock market indices rose 2-3% on Monday and Europe followed suit on Tuesday. By four o’clock, the German Dax had gained 2.7%, while the rise in the French Cac and the British FTSE was 3.4 and 2.1% respectively. Long bonds and precious metals also received a solid boost. The development reflects the hope that … Read more
– – On Wednesday, September 21, the US Federal Reserve System (FRS) raised the key rate range by 75 basis points in one go, to 3-3.25%. The cryptocurrency market reacted with a decline. “The central bank aims to achieve maximum employment and inflation at 2% over the long term,” the Fed said in a statement. … Read more