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Russia Lowers Key Rate By 25 Bps To Record Low

Russia’s central bank lowered its key rate by 25 basis points to a new record low on Friday and signaled more reductions as the economy is expected to follow a gradual recovery from the downturn caused by the coronavirus pandemic. ...

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UK Private Sector Growth Reaches 5-Year High

The UK private sector grew at the fastest pace in five years in July following the easing of lockdown measures to contain the spread of the coronavirus, flash survey data from IHS Markit showed Friday. The IHS Markit/Chartered Institute of ...

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U.S. Leading Economic Index Extends Rebound In June

Reflecting improvements brought about by the incremental reopening of the economy, the Conference Board released a report on Thursday showing another significant increase by its reading on leading U.S. economic indicators in the month of June. Read Full Story

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Australia To Log Biggest Deficit Since World War II

Australia is set to record its biggest budget deficit since the World War II as the government spurred spending to cushion the blow from the coronavirus pandemic. In the latest economic and fiscal update, released Thursday, the Treasury said the ...

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German GfK Consumer Confidence To Strengthen In August

German consumer confidence is set to continue strengthening into August from the weaker level caused by the coronavirus pandemic, as the reduction in the value-added tax boosted the propensity to buy, survey data from market research group GfK showed Thursday. ...

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Dollar Extends Slide To 4th Day

The U.S. dollar exhibited weakness against most of its peers on Wednesday, extending recent losses, as rising concerns about coronavirus spread and an escalation in U.S.-China tensions, triggered a sell-off in the currency. Read Full Story

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