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“US House Speaker Nancy Pelosi told lawmakers Sunday that she had asked a House committee to advance both a $1 trillion infrastructure plan and a $3.5 trillion spending package together,” said Reuters in a news published late Sunday. The move is considered as an effort to patch up divisions that had threatened to stall President
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The decentralized finance sector is growing at a breakneck pace. Three years ago, the total value locked in DeFi was a mere $800 million. By February 2021, the figure had grown to $40 billion; in April 2021, it attained a milestone of $80 billion; and now it stands at above $140 billion. Such rapid growth
For the 28th consecutive day, petrol and diesel prices remained unchanged across the country. Global crude prices have dropped to just below $71 per barrel, after it cooled down in July. In the national capital, petrol continues to be sold for R.s 101.84 per litre, while diesel is also being sold at the unchanged price
It’s all about the consumers. After slowing core inflation and sharp deterioration in sentiment, Dollar took a steep dive towards the end of the week. Markets are suddenly less sure about a tapering announcement by Fed in September, not to mention anything concrete from Jackson Hole symposium later in the week. The greenback ended the
Down -$0.65 or -0.94% The price of WTI crude oil futures settle at $68.44. That’s down $0.65 or -0.94%. The high price reached $69.22. The low price extended to $68.15. The low today was just above the closing level from last week near $67.95. For the week the price moved lower on Monday falling to a low
466 new cases. I don’t know how much longer the Reserve Bank of Australia can remain optimistic about the economy with Australia’s largest city and state seeing a spiralling wave of infections. New South Wales is the largest population state of Australia and has the country’s largest city, Sydney. Its the epicentre of Australia’s current
Bearish risks continue to prevail in the EUR/GBP according to analysts at MUFG Bank. They hold the idea of shorting the cross with a target at 0.8320. They consider that positive developments regarding COVID reinforces the bullish outlook for the pound. Key Quotes: “We are maintaining a short EUR/GBP trade idea to reflecting building
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NASDAQ closes lower for the week The S&P and Dow held on for a record closes but just barely. The S&P closed at record day for the fourth consecutive day. The NASDAQ moved higher in the last minute of trading and it’s second gain in a row. The Russell 2000 fell close to 1%. S&P posted its 48th record close
Forex news for the North American session on August 13, 2021 Every once in a while you get a piece of economic data, that makes you do a double take and say “What was that again?” That was the case with the Univ. of Michigan consumer sentiment data for August released today. This survey data