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Forex News Headlines

UK Service Sector Logs Strong Growth In April

The UK service sector expanded at a stronger pace in April although increased costs and the war in Ukraine combined to contain the pace of expansion, survey results from S&P Global showed on Thursday. The Chartered Institute of Procurement & ...

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Singapore Retail Sales Rebound Strongly

Singapore’s retail sales recovered strongly in April as most industries marked sharp growth, especially in the computer and telecommunications equipment segment, data from the Department of Statistics showed on Thursday. Retail sales climbed 8.7 percent year-on-year in March, in contrast ...

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German Factory Orders Decline Exceeds Expectations

Germany’s factory orders declined more-than-expected in March, reflecting the impact of the war in Ukraine on industrial activity. Factory orders posted a monthly fall of 4.7 percent in March, data released by Destatis showed Thursday. This was faster than February’s ...

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China Service Sector Contracts Sharply On Containment Measures

China’s service sector contracted sharply in April as the introduction of tighter COVID-19 containment measures in China led to quicker reductions in activity and new orders, survey results from S&P Global showed on Thursday. The Caixin services Purchasing Managers’ Index ...

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War In Ukraine Dampens German Exports

The war in Ukraine and the subsequent sanctions on Russia took its toll on German exports in March, official data revealed Wednesday. Exports fell by more-than-expected 3.3 percent on a monthly basis in March, in contrast to the 6.2 percent ...

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