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Author Archives: Top News Editor

Dollar Continues To Rise On Safe-haven Demand

The U.S. dollar firmed up against most of its peers on Wednesday, extending gains to another session, on increased safe-haven appeal following continued surge in coronavirus cases in Europe and several other countries across the world. Read Full Story

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Eurozone Private Sector Stagnates On Virus Resurgence

Following the resurgence of the coronavirus infection rates, the euro area private sector stagnated in September as faster growth in manufacturing was offset by a renewed downturn in the service sector, flash survey data from IHS Markit showed Wednesday. The ...

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UK Private Sector Recovery Loses Momentum In September

The UK private sector growth eased in September due to the persistent disruptions to business operations caused by the coronavirus pandemic, flash survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply composite output index ...

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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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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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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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