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Author Archives: Top News Editor

Dollar Fairly Steady After Fed Minutes

The U.S. dollar retreated from higher levels this afternoon, a few minutes before the release of the minutes of the Federal Reserve’s March meeting, but managed to hold steady against most of its rivals as the minutes showed the members ...

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ECB Maintains Status Quo As Economy Slows

The European Central Bank held its key interest rates and forward guidance unchanged in April, after it announced long-term loans for banks in March, as activity in the euro area economy remains sluggish. The Governing Council, led by ECB President ...

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UK Economic Growth Slows In February

The UK economy expanded for the second straight month, but at a slower pace, in February, figures from the Office For National Statistics showed on Wednesday. Gross domestic product, or GDP, grew 0.2 percent month-on-month in February, while the economy ...

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Dollar Stays Subdued Against Rivals

The U.S. dollar traded weak against most of its major rivals on Tuesday, as the safe haven Japanese yen found support from investors after growth worries resurfaced following the International Monetary Fund lowering its outlook for global economic growth for ...

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U.S. Factory Orders Drop 0.5% In February

New orders for U.S. manufactured goods fell by slightly less than expected in the month of February, according to a report released by the Commerce Department on Monday. The report said factory orders dropped by 0.5 percent in February after ...

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