Two new studies published by researchers at the University of Illinois at Chicago (UIC) found that taxing sugar-sweetened beverages is an “effective and sustainable” way to curb consumption. According to these studies, soda taxes that beverage companies have been lobbying against for decades can lead to healthier choices. Starting January 1, 2019, Seattle, Washington, will …
Soda taxes might increase to result healthier life Read More »
This week, riskier assets and currencies such as the Australian dollar traded in the red. However, the rally petered out today. The U.S. dollar struggled to recover its losses as traders waited for a key Federal Reserve policy meeting due next week. Meanwhile, the Australian dollar was relatively steady at $0.7171. It declined slightly from …
Riskier currencies rallied Thursday while dollar struggled Read More »
According to the new government’s forecast, gas station prices have finally started to fall. This trend should accelerate greatly in the upcoming months. The U.S. Energy Information Administration said on Tuesday that the average price of regular gasoline across the country in January might drop to $3.01 per gallon. Natural gas prices are much likely …
The natural gas prices will soon fall below $3 per gallon Read More »
The Australian dollar skyrocketed to its highest level in a week on Wednesday. Traders moved on riskier currencies due to the signs that Omicron may be less severe than other coronavirus variants. It may be more vulnerable to existing vaccines than the scientists thought initially. The Aussie soared to $0.7124, reaching that level for the …
Aussie and Canadian dollar hit high while Sterling firmed Read More »
Boosted by the fall in U.S. Treasury yields, gold rose in early Asian trading on Wednesday. Investors are now waiting for the U.S. and China inflation data to be released later this week. As of 9:34 pm Eastern Time, gold futures rose 0.32% to US$1,790.45. Yields on 10-year and 30-year U.S. Treasury bonds fell from …
Gold price increases as U.S. Treasury yields pull back Read More »
The U.S. dollar index remained firm on Tuesday. On the other hand, riskier currencies managed to soar, as investors bet that the Omicron variant of coronavirus would not be as severe as they expected previously. Asian stocks rebounded overnight, and oil prices jumped higher as risk appetite improved on the markets after reports in South …
Rouble fell as Biden warned Russia from invading Ukraine Read More »
The dollar index was flat, and riskier currencies pulled up on Tuesday, as traders speculate that the Omicron variant of coronavirus would not be as severe as beforehand expected. Asian shares staged an improvement overnight. Oil prices advanced as risk appetite extended following reports in South Africa earlier in the week declaring that Omicron cases …
Commodity currencies supported by mild Omicron hopes Read More »
Oil prices rose slightly on Tuesday after rebounding by nearly 5% the day before. The news came after as the concerns about the Omicron variant’s influence on fuel demand eased. Also, Iran’s nuclear negotiations encountered obstacles that delayed the restoration of Iran’s crude oil supply. Brent crude oil futures increased by 60 cents, or 0.8%, …
Oil prices increase slightly as Omicron worries ease Read More »
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