Markets News

US Dollar Rallies After Record Monthly Job Additions in May

The US dollar index increased to 97 Friday against a bouquet of currencies following the release of upbeat non-farm payroll…

5 years ago

Swiss Economy Contracts at Record Pace in March Quarter

The Swiss economy contracted 2.6% q-o-q in the first-quarter, the highest since 1980 when the publication of data began, and…

5 years ago

China Manufacturing Expands for 3rd Consecutive Month

China’s National Bureau of Statistics reported an increase in non-manufacturing PMI to 53.60 in May, from 53.20 in the earlier…

5 years ago

US Economy Records Steepest Contraction in 12 yrs

The US economy contracted by an annual rate of 4.8% in 1Q2020, halting the lengthiest time frame of growth in…

5 years ago

South African Rand Weakens to 18 Mark Against Greenback

The South African rand weakened above the 18 level against the greenback Friday as investors were worried that tensions between…

5 years ago

US Factory Activity Contracts for 3rd Successive Month while Turkey Delivers 9th Rate Cut

Turkish lira remained unchanged at 6.80 against the greenback yesterday, as the 50 basis points rate cut announced by the…

5 years ago

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