Skip to main content

Featured

Relentless Push: Russia Claims Strategic Edge in Ukraine Offensive

  Servicemen of the 115th Separate Mechanised Brigade of the Ukrainian Armed Forces use an RPG-7 grenade launcher during training between combat missions, in Kharkiv region, Ukraine. Russia’s top military commander, General Valery Gerasimov, has declared that Russian forces are conducting a non-stop offensive along nearly the entire front line in Ukraine, asserting that the “strategic initiative” now lies with Moscow. According to Gerasimov, Russian troops have intensified airstrikes on Ukrainian cities far from the battlefield, including a recent attack on Kyiv that killed at least 23 people and wounded 38. He reported that since March, Russia has seized more than 3,500 square kilometers of territory , captured 149 villages, and now controls the vast majority of the Luhansk, Donetsk, Zaporizhzhia, and Kherson regions. The offensive has also pushed into Ukraine’s southeastern Dnipropetrovsk region, with seven villages reportedly under Russian control. Moscow says it has carried...
Post a Comment
Read more

article

Labels

US Dollar Suffers Largest Weekly Drop Since November 2023 Amid Tariff Uncertainty

The US dollar experienced its largest weekly decline since November 2023, driven by growing concerns over tariff policies. The currency dropped as much as 0.8% against a basket of currencies on Friday, before closing the week down 1.8%. This volatility was sparked by President Donald Trump's recent comments suggesting a softer stance on tariffs against China.

During an interview with Fox News, Trump mentioned that his conversation with Chinese President Xi Jinping was friendly and expressed optimism about reaching a trade deal. This uncertainty around trade policy has kept equity markets on edge, with the S&P 500 index down 0.3%, the Dow Jones Industrial Average losing 0.3%, and the Nasdaq Composite shedding 0.5%.

Analysts warn that the dollar could rise again if US tariff and interest rate policies shift. However, for now, the market remains cautious as it navigates through the ongoing trade policy uncertainties.




Labels:

Comments

Post a Comment