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UK Construction Sector Logs Severe Downturn

The UK construction sector stuck firmly in negative territory in September, as Brexit uncertainty dragged demand as well as sales, survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index fell Read More →

U.S. Private Sector Job Growth Slows In September

Adding to signs of a slowdown in the U.S. job market, payroll processor ADP released a report on Wednesday showing private sector employment rose by slightly less than expected in the month of September. ADP said private sector employment climbed Read More →

Weak Economic Data Weigh On Dollar

The U.S. dollar turned weak and slipped into the negative zone Wednesday mid morning, after having edged higher from previous close in the European session.Original Article Read More →

Iceland Cuts Key Interest Rate For Fourth Time

Iceland's central bank cut its key interest rate in October for the fourth successive rate-setting session, as growth continued to ease amid slowing inflation and uncertain economic outlook. The Monetary Policy Committee of the Central Bank of Iceland, on Wednesday, Read More →

Dollar Loses Ground Against Rivals On Weak Economic Data

The U.S. dollar retreated after surging to a near 30-month high Tuesday morning, and edged lower as the day progressed as disappointing data on manufacturing activity in September raised prospects for a rate cut by the Federal Reserve.Original Article Read More →

Australia Cuts Rates Further To Support Growth

Australia's central bank reduced its key interest rates for the third time this year to underpin employment and income growth and signaled more easing. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to reduce the Read More →