News

US Retail Sales Growth Eases in August

In spite of ending the federal stimulus program that boosted consumer spending, the US retail sales rose in August, reflecting…

4 years ago

Dollar Posts 2nd Straight Weekly Gain

The US dollar index inched down 0.1% to roughly 92.30 on Friday, but recorded a weekly gain of 0.6%, reflecting…

4 years ago

Japan Core Machinery Orders Rebound 6.3% m-o-m in July

Japan’s machinery orders bounced back in July following a steep decline in the earlier month, a huge break for the…

4 years ago

Russian Ruble Falls to Near 5-Month Low

The Russian ruble lost nearly 1% to trade at about 76.12 against the greenback Monday, a level seen on April…

4 years ago

Pound Posts Steep Decline on Brexit Concerns & Covid-19 Resurgence

The British pound traded at about $1.33 Friday, reflecting a decline of 0.5% from previous week, the largest since mid-June.…

4 years ago

Australia Succumbs to Covid-19, Posting First Recession in Three Decades

Australia’s trade surplus declined to A$4.61 billion in July, from A$8.15 billion in the earlier month and lower than Consensus…

4 years ago

UK Manufacturing Output Grows at Quickest Rate in Six Years

The euro dollar declined against the pound following the release of lower-than-anticipated Spanish and German manufacturing PMI data. The increase…

4 years ago

Canadian Dollar Hits 7-Month High as Economy Gallops 6.5% m-o-m in June

The loonie rallied against the greenback to hit a seven month high of $1.304 after the recent GDP data indicated…

4 years ago

Peso Hits Historical Low as Argentina Contemplates Joining Belt & Road Initiative

The Argentine peso fell further to breach 73.80 against the greenback, the lowest level documented, after the country’s central bank…

4 years ago

Russian Ruble Could Weaken Further on Geopolitical Developments & Economic Downturn

The USD/RUB rose to 1.0148 or 1.38% to close at 74.8000 Friday and there are indications that the ruble would…

4 years ago