US: Federal government posts $66 billion deficit in October

The US government recorded a $66 billion budget deficit in October. The Treasury Department informed that receipts totalled $403 billion and outlays $469 billion. It compares to a deficit of $87 billion during the same month of last year.

Nov 13, 2023

USD/SEK falls sharply as the US dollar weakens, Swedish CPI

The USD/SEK fell sharply on Monday to a daily low of 10.825 and then consolidated around 10.830, showing a daily decline of 0.40%, driven by the report of hot Swedish inflation figures and a weakening USD.

WTI climbs over 1% on positive OPEC+ outlook, production adjustments

West Texas Intermediate (WTI), the US Crude Oil benchmark, advances more than 1% on Monday, courtesy of an upward revised outlook for Oil’s demand, OPEC+ reported, easing off worries that a global economic outlook could influence prices, amongst less demand woes.