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Author Archives: Insta Forex

U.S. Dollar Falls On Hopes For Global Recovery

The U.S. dollar lost ground against its most major counterparts in the European session on Tuesday, as gradual reopening of businesses worldwide after the coronavirus-incurred economic lockdowns bolstered sentiment. While Spain decided to remove a two-week mandatory confinement for all ...

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Hungary's Central Bank Keeps Rates On Hold

Hungary’s central bank left its benchmark interest rates unchanged, as widely expected, on Tuesday. The Monetary Council of the Magyar Nemzeti Bank decided to maintain the base rate at 0.90 percent. The previous change in the rate was a 15 ...

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Norway Consumer Confidence Weakest Since 2016

Norwegian consumer confidence declined in the second quarter to the lowest since mid-2016 due to the coronavirus pandemic, survey data from Finans Norge showed on Tuesday. The consumer sentiment index fell to a seasonally adjusted -7.6 in the second quarter ...

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Poland Jobless Rate Rises In April

Poland’s jobless rate rose in April, data from Statistics Poland showed on Tuesday. The registered jobless rate rose to 5.8 percent in April from 5.4 percent in March. Economists had expected a rate of 5.7 percent. In the same month ...

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Gold Prices Fall As Equities Rally

Gold prices edged lower on Tuesday, while equity markets across Asia and Europe advanced as more countries prepare easing restrictions on social, commercial and travel activities. As the pandemic death toll approached the horrific milestone of 100,000, photos and videos ...

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South Africa Leading Index Rises In March

South Africa’s leading index increased in March, survey data from the South African Reserve Bank showed on Tuesday. The leading index rose to 104.0 in March from 103.3 in February. Five of the eight components increased in March, while three ...

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Swiss Exports Fall For Third Month

Switzerland’s exports declined for the third straight month and at a faster pace in April, data from the Federal Customs Administration showed on Tuesday. Exports decreased by a real 10.0 percent month-on-month in April, following a 3.1 percent fall in ...

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British Retailers Expect Decline In Sales To Ease: CBI

UK retailers expect sales volume to fall at a slightly slower pace but at a historically fast pace next month, the latest monthly Distributive Trades Survey from the Confederation of British Industry showed Tuesday. The retail sales balance rose to ...

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Oil Prices Rise On Supply Cut Hopes

Oil prices rose on Tuesday amid renewed hopes that producers will stick to commitments to cut crude supply. Optimism about the easing of coronavirus lockdowns around the world also helped fuel hopes for demand recovery. Benchmark Brent crude rallied 1.5 ...

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