FX News

Powell: Fed May Take Additional Steps But Not Considering Negative Rates

Citing the unprecedented speed and scope of the coronavirus-induced economic downturn, Federal Reserve Chair Jerome Powell said Wednesday the central bank may take additional steps to avoid an extended period of low productivity growth and stagnant incomes.Original Article Read More →

U.S. Consumer Prices Decrease 0.8% In April, Core Prices Show Record Drop

Consumer prices in the U.S. decreased in line with economist estimates in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index slid by 0.8 percent in Read More →

China Inflation Slows To 7-Month Low; Producer Prices Fall At Faster Pace

China's consumer price inflation eased to a seven-month low in April and producer prices declined further reflecting weak demand amid subsiding coronavirus pandemic, official data revealed Tuesday. Consumer price inflation slowed notably to 3.3 percent in April from 4.3 percent Read More →

U.S. Service Sector Activity Shrinks For First Time In Over Ten Years

A report released by the Institute for Supply Management on Tuesday showed U.S. service sector activity contracted for the first time since December of 2009 in the month of April. The ISM said its non-manufacturing index tumbled to 41.8 in Read More →

Germany’s Top Court Gives ECB 3-month Ultimatum To Explain Govt Bond Purchases

Germany's top court on Tuesday ruled against the European Central Bank's bond purchases and gave the bank three months to explain how the scheme can be justified.Original Article Read More →

Gold Futures Settle Lower

Gold prices drifted lower on Tuesday, after moving higher in the previous two sessions, as riskier assets such as equities climbed up amid reports several countries across the world have eased lockdown restrictions.Original Article Read More →