Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
Wall Street banks to report quarterly results
by Antonio Di Giacomo, Senior Market Analyst at XS.com
The quarterly earnings of several Wall Street banks will serve as a key indicator of market optimism following Donald Trump's election, which raised expectations for pro-business policies. This reporting period is crucial for understanding how financial institutions are navigating the current economic environment, especially after the volatility caused by political and...
New Fund for Pandemic Prevention, Preparedness and Response Formally Established
The new financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) was officially established by...
UAE asserts Strong Climate Action equals Strong Economic Growth at Pre-COP26 Meetings in Milan
The UAE has expressed its strong support for progressive climate action...
Over 60 international countries represented at ATM 2021 despite Coronavirus travel restrictions
A total of 62 countries will be represented on the exhibition floor this...
Global sukuk issuance to fall slightly in 2021 as financing needs ease
Gross long-term global sovereign sukuk issuance will amount to $96 billion in 2021,...
Card payments in Indonesia to slowdown in 2020 as consumer spending plummets
COVID-19 pandemic has hit the Indonesian payment market as consumers are staying away...
Islamic finance in Indonesia fends off coronavirus chill
Islamic finance has thrived in Indonesia despite the coronavirus, with banks and fintech companies rushing to tap...
