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Monthly archive October, 2019

Dollar Loses Ground Against Rivals As Fed Cuts Interest Rate

The U.S. dollar was weak against most major currencies on Wednesday, weighed down by the Federal Reserve's decision to cut interest rates.Original Article Read More →

South Korea Industrial Production Rises 2.0% In September

Industrial production in South Korea was up a seasonally adjusted 2.0 percent on month in September, Statistics Korea said on Thursday - following the 1.8 percent drop in August.Original Article Read More →

Dollar Subdued Ahead Of Fed Policy

The U.S. dollar retreated after an early uptick and despite staging a mild recovery, was still moving below the flat line around late afternoon on Tuesday, ahead of the Federal Reserve's monetary policy statement, due on Wednesday.Original Article Read More →

U.S. Pending Home Sales Jump More Than Expected In September

A report released by the National Association of Realtors on Tuesday showed another significant increase in pending home sales in the U.S. in the month of September. NAR said its pending home sales surged up by 1.5 percent 108.7 in Read More →

Euro Falls As ECB Mario Draghi Defends Sept. Stimulus Measures

The euro depreciated against its key counterparts in the European session on Thursday, after the European Central Bank President Mario Draghi indicated that recent weak economic data justified that the central bank was appropriate to announce a raft of stimulus Read More →

UK Budget Deficit Widens In First Half Of FY20

The UK budget deficit widened in the first half of the fiscal year raising the possibility of the government overshooting the target in 2019-20, after a decade-long austerity. During the April to September period, the budget deficit climbed 21.6 percent Read More →