Forex News

US Housing Starts, Building Permits Plummets to Lowest Level in 5 Years

In the US, housing starts plummeted 30.2% m-o-m to 891,000 in April, missing economists’ forecasts of 927,000. Housing activity froze…

5 years ago

Colombia GDP Contracts 4.9% y-o-y in March

The Colombian peso fell 0.71% against the greenback to close at 3,904.78 Friday following the release of economic data which…

5 years ago

New Zealand Manufacturing PMI Hits New Low while Mexico Trims Interest Rate by 50bps

According to the Business New Zealand, the Performance of Manufacturing Index decreased to 26.1 in April 2020, from 38 in…

5 years ago

Mexican Industrial Output Declines to Lowest Level in 9-yrs While China CPI Misses Expectations

The Mexican peso gained 0.05% to trade at 24.3379 against the greenback despite a 5% m-o-m drop in the industrial…

5 years ago

Crude Gains For Second Successive Week Despite 20.5mln Job Losses in US

Wall Street ended strongly in green Friday in spite of a new historical job loss of 20.50 million in April…

5 years ago

Japan Services PMI Records New Historical Low in April

The Japanese yen is losing ground against the greenback after the release of a series of poor PMI (Composite, services)…

5 years ago

Australia Composite & Services PMI Declines to New Low

The Aussie rallied against the greenback despite the data published by the Ai Group indicated a steep fall in the…

5 years ago

US Manufacturing Shrinks to Lowest Level in 11yrs

The euro hit $1.0994 Friday, reflecting the highest level since last month, after the European Central Bank maintained its benchmark…

5 years ago

Yen Rallies Despite Roll Out of Additional Stimulus Measures

The Japanese yen rallied against the greenback to trade at 107.149 on the first day of the week, despite the…

5 years ago

Ruble Rallies Despite Interest Rate Cut by Bank of Russia

The Russian ruble gained against the US dollar for the third consecutive day to hit $74.1, as crude oil prices…

5 years ago