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We have seen a week full of economic events and developments regarding the COVID-19, but this week may not be any less important than last week, as we wait for many economic data that will prove the trends of the major economies amid global health crisis threatening the global economy.
Today most of the global markets have been weakened by news that the proposed tax reforms could be delayed,
Overnight the Reserve Bank of New Zealand held interest rates unchanged at 1.75% for the seventh straight meeting,
For the third day in a row this week, the economic calendar has no important economic data from the United States.
The Reserve Bank of Australia kept interest rates unchanged at 1.50% as widely expected, and the Central Bank has maintained its recent neutral approach
The nonfarm sector in the United States showed some positive results last week and added 261,000 jobs in October.
Last week was marked by significant economic events that played a key role. The most prominent of these events were the meetings of several central banks. At the beginning of this week, it is heading to meetings of other central banks and some central bankers' speeches.
Jerome Powell was named by President Donald Trump as his nominee to serve as the next chair of the Federal Reserve, as he moved to make his mark on the world’s most powerful central bank.
The Federal Reserve decided to keep the current policy unchanged, including the Fed Fund Rate. Moreover, the Fed showed a balanced tone, which was somehow widely expected.
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