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Dollar Mostly Steady Against Major Rivals Amid Slew Of Data
The U.S. dollar held steady on Wednesday, due largely to weak economic data out of China. Read Full Story
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Author Archives: Top News Editor
U.S. Business Inventories Unchanged In March, Matching Expectations
A report released by the Commerce Department on Wednesday showed no change in U.S. business inventories in the month of March. The report said business inventories were virtually unchanged in March after rising by 0.3 percent in February. Read Full ...
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U.S. Homebuilder Confidence Improves Much More Than Expected In May
Homebuilder confidence has improved by much more than anticipated in the month of May, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 66 ...
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U.S. Industrial Production Unexpectedly Drops 0.5% In April
Industrial production in the U.S. unexpectedly showed a notable decrease in the month of April, according to a report released by the Federal Reserve on Wednesday. The Fed said industrial production fell by 0.5 percent in April. Read Full Story
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New York Manufacturing Growth Unexpectedly Accelerates In May
New York manufacturing activity has picked up significantly in the month of May, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index jumped to ...
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U.S. Retail Sales Unexpectedly Pull Back In April
Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. retail sales in the month of April. The Commerce Department said retail sales edged down by 0.2 percent in ...
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German GDP Grows In Q1
Germany’s economy expanded for the first time in three quarters, driven by domestic demand, preliminary data from Destatis showed Wednesday. Gross domestic product advanced 0.4 percent sequentially in the first quarter, after staying flat in the fourth quarter and contracting ...
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European Economics Preview: Germany GDP Data Due
Quarterly national accounts data from Germany is due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis publishes Germany’s GDP data. Economists forecast the largest euro area economy to expand 0.4 percent sequentially ...
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China Industrial Output, Retail Sales Growth Weakens
China’s industrial production and retail sales growth eased more-than-expected in April, suggesting weak economic activity at the start of second quarter. Industrial production advanced 5.4 percent year-on-year in April, following March’s 8.5 percent increase, figures from the National Bureau of ...
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Dollar Stays Firm Against Most Major Currencies
The U.S. dollar exhibited strength against most major currencies on Tuesday even as traders continued to weigh the likely impact of U.S.-China trade conflict on the global economy and digesting the latest batch of economic data. Read Full Story
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