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Monthly archive March, 2020

Dollar Retreats After Early Gains

The U.S. dollar swung between gains and losses against major currencies on Tuesday as a raft of stimulus measures announced by the Federal Reserve in recent days and the massive relief package announced by the government weighed on the currency.Read More →

European Economics Preview: Germany’s Unemployment Data Due

Unemployment from Germany and flash inflation from euro area are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is set to issue Germany's import prices for February. Economists forecast prices to Read More →

Eurozone Private Sector Registers Record Contraction On Covid-19 Outbreak

As the coronavirus outbreak intensified, the euro area private sector logged the sharpest decline on record in March, far exceeding the weakness seen at the height of the global financial crisis, survey results from IHS Markit showed Tuesday. The flash Read More →

Dollar Extends Weak Spell Against Peers

The U.S. dollar was weak against most of its peers on Tuesday, losing for a second straight day, due to the Federal Reserve's extensive new measures, including an unlimited expansion of its asset purchases, to support the financial market.Original Read More →

New Zealand February Trade Surplus NZ$594 Million

New Zealand posted a merchandise trade surplus of NZ$594 million in February, Statistics New Zealand said on Wednesday.Original Article Read More →

Eurogroup Broadly Supports Use Of Bailout Fund To Fight Crisis

Eurozone finance ministers broadly supported the use of bailout fund, or the European Stability Mechanism, to help those member countries struggling hardly with the coronavirus outbreak. After the Eurogroup video conference on Tuesday, President M├írio Centeno, said leaders took stock Read More →