Dollar Remains Weak Against Major Rivals
The U.S. dollar was weak against its major counterparts on Tuesday amid rising fears about inflation.Original Article Read More →
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China’s Inflation Rises Moderately; PPI Inflation Highest Since 2017
China's consumer price inflation rose moderately at a slower-than-expected pace in April, while producer prices grew at the fastest pace in more than three years driven by higher commodity prices. Consumer price inflation rose to 0.9 percent in April from Read More →
U.S. Factory Orders Rebound 1.1% In March, Slightly Less Than Expected
New orders for U.S. manufactured goods showed a notable rebound in the month of March, according to a report released by the Commerce Department on Tuesday. The Commerce Department said factory orders jumped by 1.1 percent in March after falling Read More →
Eurozone Private Sector Growth Accelerates In April
The euro area private sector economy expanded further in April driven by gains in both manufacturing and service sectors, final data from IHS Markit showed on Wednesday. The composite output index rose to 53.8 in April from 53.2 in the Read More →
India Central Bank Unveils Measures To Counter COVID-19 Impact
India's central bank unveiled a slew of measures on Wednesday as the second wave of the coronavirus pandemic cause severe strains on healthcare and medical facilities. In an unscheduled speech, Reserve Bank of India Governor Shaktikanta Das announced that Read More →
U.S. Private Sector Job Growth Accelerates But Misses Estimates In April
Private sector job growth in the U.S. accelerated in the month of April but still came in below economist estimates, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment spiked by 742,000 jobs Read More →