Monthly archive March, 2020

Homebuilder confidence in the U.S. has deteriorated by slightly more than anticipated in the month of March, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index Read More →

A report released by the Commerce Department on Tuesday showed a modest decrease in business inventories in the U.S. in the month of January. The Commerce Department said business inventories edged down by 0.1 percent in January after coming in Read More →

The global economy is set to see a recession this year due to the severe economic shock caused by the coronavirus, or Covid-19, and the risks remain on the downside, S&P Global said Tuesday.Original Article Read More →

The U.S. dollar rallied sharply on Tuesday as traders rushed to pick up the currency despite recent sharp reductions in interest rates.Original Article Read More →

Iceland's central bank slashed its key interest rate further to a new record low and the countercyclical capital buffer was lowered to zero to improve credit supply, as the economic outlook deteriorates further on the outbreak of coronavirus, or Covid-19. Read More →

The U.S. dollar saw another strong session, riding on its safe-haven appeal on Wednesday amid rising concerns about global growth due to the coronavirus outbreak.Original Article Read More →