News

US Retail Sales Growth Eases in AugustUS Retail Sales Growth Eases in August

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…

5 years ago
Dollar Posts 2nd Straight Weekly GainDollar Posts 2nd Straight Weekly Gain

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…

5 years ago
Japan Core Machinery Orders Rebound 6.3% m-o-m in JulyJapan Core Machinery Orders Rebound 6.3% m-o-m in July

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…

5 years ago
Russian Ruble Falls to Near 5-Month LowRussian Ruble Falls to Near 5-Month Low

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…

5 years ago
Pound Posts Steep Decline on Brexit Concerns & Covid-19 ResurgencePound Posts Steep Decline on Brexit Concerns & Covid-19 Resurgence

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.…

5 years ago
Australia Succumbs to Covid-19, Posting First Recession in Three DecadesAustralia Succumbs to Covid-19, Posting First Recession in Three Decades

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…

5 years ago
UK Manufacturing Output Grows at Quickest Rate in Six YearsUK Manufacturing Output Grows at Quickest Rate in Six Years

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…

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

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…

5 years ago
Peso Hits Historical Low as Argentina Contemplates Joining Belt & Road InitiativePeso Hits Historical Low as Argentina Contemplates Joining Belt & Road Initiative

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…

5 years ago
Russian Ruble Could Weaken Further on Geopolitical Developments & Economic DownturnRussian Ruble Could Weaken Further on Geopolitical Developments & Economic Downturn

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…

5 years ago