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Dollar firm as steady jobs data strenghten rate expectations

The dollar held its footing against a basket of its major rivals on Monday after U.S. job data reinforced investors' expectations the Federal Reserve will gradually raise interest rates this year.

The Dollar Index, which measures the greenback against Read More →

Bank Of England Hikes Key Rate By 25 Bps In Unanimous Vote

The Bank of England lifted its key benchmark rate by a quarter point to the highest since 2009 as policymakers were more concerned about above target inflation than Brexit uncertainties. The Monetary Policy Committee, headed by Governor Mark Carney, unanimously Read More →

U.S. Factory Orders Growth Matches Estimates In June

A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured goods increased in line with economist estimates in the month of June. The report said factory orders climbed by 0.7 percent in June after rising Read More →

Cryptocurrency Daily Roundup – Aug. 2

Cryptocurrencies are in the red Thursday morning, extending the declining trend witnessed since the start of the week. Bitcoin remains below $8,000. As of 10.21 am ET, cryptocurrency market capitalization was $266.8 billion on CoinMarketCap.Original Article Read More →

U.S. Private Sector Job Growth Exceeds Estimates In July

With the release of the Labor Department's more closely watched monthly jobs report looming on Friday, payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much more than expected in the month Read More →

USD enjoys support as US-China trade tensions re-surface; NFP will likely set the tone for the end of week

US Dollar looks set to close another week in positive. The USD Dollar index (DXY) measuring the strength of the USD against a basket of currencies, enters what seems to be a fourth consecutive day in support at least up Read More →