Thai economy to shrink by at least 5% this year, hit by coronavirus – World Bank
Fundamental Forex Analysis

Thai economy to shrink by at least 5% this year, hit by coronavirus – World Bank

In its latest report, the World Bank projected the Thai economy to shrink by at least 5% this year, in the face of the coronavirus pandemic. Key details “The economy will take more than two years to return to p...

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Fundamental Forex Analysis

US face mask mandate could potentially substitute for lockdowns – Goldman Sachs

According to the Goldman Sachs analyst, the US national face mask mandate could help reduce the daily growth rate of coronavirus cases and in turn substitute for lockdowns, which could have affected the GDP. Ke...

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Fundamental Forex Analysis

There will be some bumpy times but we are resilient

Speaking in an interview on Times Radio, the UK Prime Minister (PM) Boris Johnson commented on the economic outlook while adding that economy stands resilient to this coronavirus crisis. Key quotes “This is goi...

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Fundamental Forex Analysis

NY Fed’s GDP Nowcast for Q2 2020 improves to -16.3%

The US economy is expected to contract by 16.3% in the second quarter before expanding by 1.5% in the third quarter, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday.  &#82...

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Fundamental Forex Analysis

GDP in first quarter contracts by 5% (third estimate) as expected

US’ real GDP in first quarter declined by 5% on a quarterly basis. US Dollar Index stays in the positive territory near 97.50 after the data. The real Gross Domestic Product (GDP) in the US contracted by...

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Fundamental Forex Analysis

US economy still poised for a V-shaped recovery – Goldman Sachs

Speaking at Bloomberg event on Thursday, Goldman Sachs Chief Executive Officer (CEO) David Solomon said that he still sees a V-shaped recovery for the US economy this year. Key quotes “This crisis has had...

The economy contracted in Q2
Fundamental Forex Analysis

The economy contracted in Q2

China Beige Book, a survey of more than 3,300 Chinese companies conducted mid-May to mid-June., showed on Wednesday, the economy contracted in Q2 (the three months April to June) from a year earlier. Additional...

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Fundamental Forex Analysis

Economy seems to have stopped worsening

Japanese Finance Minister Taro Aso said in a statement on Friday, the economy is on the road to recovery, as it seems to have stopped worsening. This comes despite the deflationary pressures gathering pace in t...

Govt close to finalising the economic relief package
Fundamental Forex Analysis

Japan Govt raises overall economic view in June for first time since January 2018

In its June monthly report, the Japanese Cabinet Office raised its economic assessment in June for the first time since 2018, as the economy is seen bottoming from the coronavirus impact. Key headlines “Althoug...

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Fundamental Forex Analysis

China’s Vice Premier Liu: Economy has gradually improved

China’s Vice Premier is Liu He is on the wires now, via Reuters, making some comments on the economic outlook and policy measures. Key quotes “Economy has gradually improved.” “Various economic indicators...