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Author Archives: Top News Editor

Dollar Retreats After Recent Gains

The U.S. dollar weakened a bit on Tuesday, but not before climbing to a four-month high against the euro and hitting a 1-1/2-month high against Swiss franc. Read Full Story

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UK Economy Stagnates In Q4

The UK economy stalled in the fourth quarter as uncertainty around Brexit and the general election weighed on investment and spending, first estimates from the Office for National Statistics showed Tuesday. Gross domestic product remained unchanged from the previous three ...

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Dollar Exhibits Strength Again

The U.S. dollar continued to grow stronger against most major currencies, and hit a four-month high against the euro on Monday, amid rising concerns about the economic impact of the rapidly spreading coronavirus and on recent upbeat U.S. economic data. ...

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Russia Cuts Key Rate; Signals Additional Easing

Russia’s central bank lowered its key interest rate for the sixth consecutive meeting and signaled more easing to counter the slowdown in inflation. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 25 ...

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German Industrial Output Falls; Exports Rise Marginally

Germany’s industrial production declined more-than-expected and exports grew only marginally in December, signaling that the manufacturing sector is not out of the woods yet. Industrial production decreased by a more-than-expected 3.5 percent on month in December, in contrast to a ...

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RBA Lowers GDP Growth Forecast

The Reserve Bank of Australia lowered its growth projections as the recent bushfires, drought and the outbreak of coronavirus weigh on exports. In its quarterly economic outlook, released Friday, the central bank projected growth to remain at 2 percent in ...

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