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U.S. Factory Orders Spike More Than Expected In June

A report released by the Commerce Department on Tuesday showed another substantial increase in new orders for U.S. manufactured goods in the month of June. The Commerce Department said factory orders soared by 6.2 percent in June after skyrocketing by Read More →

Dollar Extends Slide Against Peers On Weak Economic Data

The U.S. dollar drifted lower on Thursday, losing ground again other major currencies, hurt by data showing a record drop in U.S. Gross Domestic Product in the second quarter.Original Article Read More →

Dollar Rebounds After Six Successive Days Of Losses

The U.S. Dollar turned positive after recent successive losses as traders looked ahead to further stimulus from the U.S. government and the Federal Reserve meeting that is likely to retain its accommodative monetary policy.Original Article Read More →

European Economics Preview: UK Mortgage Approvals Data Due

Mortgage approvals the UK and consumer confidence from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's import prices for June. Economists forecast prices to Read More →

UK Mortgage Approvals Rise From Record Low

UK mortgage approvals increased sharply in June as the housing market reopened after the relaxation of restrictions to curb the spread of the coronavirus, data from the Bank of England showed Wednesday. The number of mortgages approved in June rose Read More →

Hong Kong GDP Remains In Deep Recession

Hong Kong's economy contracted for the fourth straight quarter with the coronavirus pandemic weighing on household spending and investment and exports in the second quarter, official data revealed Wednesday. Gross domestic product decreased 9 percent year-on-year after a 9.1 percent Read More →