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Author Archives: Top News Editor

German Business Confidence Strengthens On Expectations

Germany’s business sentiment strengthened at a record rate in June on strong expectations as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, a closely watched survey showed Wednesday. According to the ifo Institute, the ...

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New Zealand Central Bank Keeps Rate, QE Unchanged

New Zealand’s central bank maintained its interest rate and quantitative easing unchanged as social restrictions to contain the spread of coronavirus were relaxed and domestic operations resumed earlier than expected. The Monetary Policy Committee of the Reserve Bank of New ...

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Dollar Stays Weak Against Major Currencies

The U.S. dollar exhibited weakness on Tuesday after data showed improvements in euro area manufacturing and service sectors activity, and on President Donald Trump’s tweet that says the U.S.-China trade deal remains fully intact. Read Full Story

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Eurozone Private Sector Downturn Slows Markedly

The euro area private sector contracted at a much slower pace in June as lockdowns related to coronavirus pandemic were further relaxed, provisional survey results published by IHS Markit showed Tuesday. The flash composite output index advanced more-than-expected to 47.5 ...

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China Leaves Benchmark Lending Rates Unchanged

China left its benchmark lending rates unchanged for the second straight month despite the economy struggling to recover from the impact of the coronavirus crisis. The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime ...

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Dollar Gains Against Riskier Currencies

The U.S. dollar recovered after an early weak spell on Friday and stayed firm right through thereafter on safe-haven demand amid reports showing marked spikes in coronavirus cases in several states in America and in Beijing. Read Full Story

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