By Administrator_India Capital Sands   The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5%Read More →

By Administrator_India Capital Sands   The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with overRead More →

By Administrator_India Capitals Sands Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil-producing nations failed to offset broader concerns about slumping global demand. The greenback drifted higher against its Australian and New ZealandRead More →

Japan's battle with pandemic may mark end of Abe's fiscal experiment

By Ritu, Capital Sands The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for “helicopter money” – unlimited spending bankrolled by the central bank. Days after Prime Minister Shinzo Abe launched a nearly $1Read More →