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Dollar Extends Uptick
The U.S. dollar extended recent gains on Tuesday, hitting multi-week highs against Swiss franc and the Euro, as risk appetite waned further. Read Full Story
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Author Archives: Top News Editor
U.S. Existing Home Sales Jump To Nearly 14-Year High In August
Existing home sales in the U.S. climbed to their highest level in nearly fourteen years in the month of August, according to a report released by the National Association of Realtors on Tuesday. Read Full Story
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Riksbank Sees Repo Rate At Zero In Coming Years
Sweden’s central bank left its key interest rate unchanged at zero and maintained asset purchases and liquidity provisions on Tuesday, and reiterated that the rate will remain at the current level in the coming years in the backdrop of the ...
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European Economics Preview: Sweden Central Bank Rate Decision Due
The interest rate announcement from Sweden’s central bank is due on Tuesday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland releases unemployment data for August. The jobless rate was 7 percent in July. ...
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Dollar Rises On Safe-haven Appeal
The U.S. dollar gained in strength on Monday as worries a surge in coronavirus cases across Europe and fears of fresh lockdown moves by the British government pushed down stock prices and lifted the currency’s safe-haven appeal. Read Full Story
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China Keeps Benchmark Rates On Hold
China retained its benchmark rates for the fifth straight month as the economy continued to log robust recovery from the downturn caused by the coronavirus pandemic. The one-year loan prime rate was retained at 3.85 percent and the five-year loan ...
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U.S. Leading Economic Index Suggests Rebound May Be Losing Stream
A report released by the Conference Board showed a continued increase by its reading on leading U.S. economic indicators in the month of August, although the pace of growth slowed compared to recent months. Read Full Story
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UK Retail Sales Rise For Fourth Straight Month
UK retail sales grew for the fourth straight month in August surpassing the pre-pandemic level, data from the Office for National Statistics showed Friday. Retail sales volume increased 0.8 percent month-on-month in August, but slower than July’s 3.7 percent increase. ...
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Dollar Retreats After Initial Rebound, Loses Ground Against Peers
The U.S. dollar turned weak against most major currencies on Thursday after appearing to gain in strength, weighed down by the Federal Reserve’s statement that said interest rates will likely remain near zero for another three years. Read Full Story
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Bank Of England Raises Negative Rate Expectations
The Bank of England retained its interest rate at a record low on Thursday, but policymakers started to assess how negative interest rates work amid talks on post Brexit trade deal, the recent rise in Covid-19 cases and the rising ...
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