South Korea recorded a current account surplus of $2.94 billion in January 2025, marking its ninth consecutive month in the black, driven by robust exports. However, this surplus was the smallest in the current streak, falling short of the $3.05 billion surplus seen in January of the previous...
In other words, when the value the US dollar is strong, gold prices go down. Related, the strength of major economies also has an inverse relationship to the price of gold - at least when an economy has a significant downturn. All of this is due to the “safe haven” status gold has...
The current price of gold is the same, all things considered, in other countries. The US gold price is converted to the currency in that country based on the current exchange rate. In other words, no matter where in the world you purchase gold, the actual value of that gold in US dol...
Exchange rates do impact imports and exports, but the effect is complex. Using theUS dollaras an example, if thedollar increases in valuerelative to other currencies, US exports will bemore expensive for consumersin other countries. Thus, fewerUS goodsmay be sold overseas, lowering profits for...
In March 2020, oil prices fell at the fastest rate in the last 20 years with a monthly drop of nearly $27 billion, reaching the lowest point in the last 19 years (Barbuscia and Rashad 2020). In 2020, Saudi Arabia started also a price war with Russia following the fallout in the OPEC...
Ravi: The name of the river in Pakistan on whose banks Gurdwara Darbar Sahib Kartarpur is located which is in the news recently for construction of special corridor. Officials from Pakistan and India recently held a meeting to discuss the modalities for a corridor linking Dera Baba Nanak shrine...
(Real) against the US dollar and the increase in the supply of fuel in the country are the main reasons for this growth. Consequently, the balance between exports and imports of ethanol showed a surplus of 238.57 million liters, i.e., USD 286.06 million in value (CONAB-Companhia Nacional...
A rise in U.S. Treasury yields on expectations for a Fed rate hike this year have supported the greenback, with those foreseeing at least a 25-basis-point hike at the March meeting of the central bank's policy-setting committee topping 60%, the CME FedWatch Tool found. The dollar index...
India moved from the“Hindu rate of growth”(~3.5%) to an average of6.5%post-1991. Per capita incomesurged from $320 (1991) to over $2,500 (2024). 2. Service-Led Growth Model India became a global hub forIT, BPO, and KPO services. ...
Dollar hits five-year high versus yen The U.S. dollar rose for a fifth straight day against the Japanese yen, hitting a five-year high as investors viewed the Omicron variant as not likely to derail the global economy or delay the Federal Reserve's expected rate hikes. A rise in U....