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Dollar Stays Weak Against Major Currencies

The U.S. dollar exhibited weakness on Tuesday after data showed improvements in euro area manufacturing and service sectors activity, and on President Donald Trump's tweet that says the U.S.-China trade deal remains fully intact.Original Article Read More →

German Business Confidence Strengthens On Expectations

Germany's business sentiment strengthened at a record rate in June on strong expectations as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, a closely watched survey showed Wednesday. According to the ifo Institute, the Read More →

IMF Sees Deeper Recession, Slower Recovery From Covid-19

The International Monetary Fund on Wednesday forecast a deeper recession for this year and a slower and uncertain recovery for next year after the coronavirus, or Covid-19, pandemic plunged the global economy into a crisis like no other. The global Read More →

Dollar Gains Against Major Rivals

The U.S. dollar was firm against most major currencies on Wednesday as surging coronavirus cases dented risk sentiment and took a toll of assets such as equities and riskier currencies.Original Article Read More →

New Zealand Central Bank Keeps Rate, QE Unchanged

New Zealand's central bank maintained its interest rate and quantitative easing unchanged as social restrictions to contain the spread of coronavirus were relaxed and domestic operations resumed earlier than expected. The Monetary Policy Committee of the Reserve Bank of New Read More →

U.S. New Home Sales Spike Much More Than Expected In May

New home sales in the U.S. showed a substantial increase in the month of May, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 16.6 percent to an annual rate Read More →