FX News

Australia To Log Biggest Deficit Since World War II

Australia is set to record its biggest budget deficit since the World War II as the government spurred spending to cushion the blow from the coronavirus pandemic. In the latest economic and fiscal update, released Thursday, the Treasury said the Read More →

U.S. Jobless Claims Rebound Following Fifteen Straight Weekly Declines

After reporting decreases in first-time claims for U.S. unemployment benefits for fifteen straight weeks, the Labor Department released a report on Thursday showing a notable rebound in jobless claims in the week ended July 18th. The report said initial jobless Read More →

U.S. Leading Economic Index Extends Rebound In June

Reflecting improvements brought about by the incremental reopening of the economy, the Conference Board released a report on Thursday showing another significant increase by its reading on leading U.S. economic indicators in the month of June.Original Article Read More →

EU Leaders Agree On Landmark Coronavirus Recovery Package

EU leaders agreed on a EUR 1.8 trillion package of measures to tackle the exceptional nature of the economic and social situation posed by the coronavirus pandemic. After four days of marathon talks in Brussels, EU leaders conceded the package Read More →

U.S. Existing Home Sales Rebound At Record Pace In June

After reporting three straight months of declines in U.S. existing home sales, the National Association of Realtors released a report on Wednesday showing sales rebounded at a record pace in June. NAR said existing home sales spiked by 20.7 percent Read More →

Dollar Extends Slide To 4th Day

The U.S. dollar exhibited weakness against most of its peers on Wednesday, extending recent losses, as rising concerns about coronavirus spread and an escalation in U.S.-China tensions, triggered a sell-off in the currency.Original Article Read More →