Billionaire business owner Warren Buffett once famously commented that his secretary paid taxes at a higher rate than he did. Although there are surely many factors at play – among them Buffett’s intentionally low salary and his large charitable donations – a big part of the story is that Buffett […]
gains
FOREX-Euro and sterling cling onto overnight gains
The pound and euro on Wednesday held onto most of their gains from the previous day as hopes of easing lockdowns in China and rising retail sales in the U.S. pushed investors towards riskier assets and hurt the safe-haven dollar. The European common currency touched $1.0564 in early Asia […]
FOREX-Dollar gains ground after Powell comments
The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from U.S. Federal Reserve Chair Jerome Powell that opened the door for the central bank to take a more aggressive monetary policy path. The greenback had been fluctuating between slight gains and losses earlier […]