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Monthly archive November, 2018

UK October Budget Deficit Biggest For Month In 3 Years

The UK budget deficit in October far exceeded expectations and was the biggest for the month in three years, raising the likelihood of the government missing its borrowing target for the fiscal year, official data showed on Wednesday. The public Read More →

Dollar bounces back on safe haven bid

The dollar bounced back its against major peers on Wednesday, extending its previous days' gains as forex investors shunned riskier assets in favour of safe haven currencies over growing concerns regarding slowing global growth and the U.S.-Sino trade dispute.

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Bank Of England Backs May’s Brexit Agreement, Carney Warns Against No Deal Risks

Bank of England Governor Mark Carney welcomed the draft Brexit deal and the transition arrangement that the British Prime Minister Theresa May struck with the European Union last week, but warned that the risks of a "no-deal, no-transition" scenario remained Read More →

USD strikes a cautious note on comments raised; US-China concerns continue to fuel support for the JPY

The setback for the US Dollar continues at the US Dollar index (DXY) closes with a second consecutive day in negative territory. The DXY is currently at 96.22 after last week suffering the worst weekly drop since last September.

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RBA Minutes: Domestic Economy Improved More Than Expected

Members of the Reserve Bank of Australia's monetary policy board said that the country's economy has continued to pick up steam, and at a slightly faster rate than expected, minutes from the central bank's November 6 meeting revealed on Tuesday.Read More →

German Investor Confidence Unexpectedly Improves In November: ZEW

German investor confidence improved in November, defying expectations for further weakness, survey data from the ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment for Germany rose to -24.1 from -24.7 in October, the Mannheim-based think tank said. Economists Read More →