FX News

Fed’s Beige Book Indicates Modest Economic Expansion

Economic activity in the U.S. expanded at a modest pace overall from April through mid-May, according to the Federal Reserve's Beige Book released on Wednesday. The Beige Book noted the assessment of the overall economy reflected a slight improvement over Read More →

Dollar Recovers After Sharp Plunge

The U.S. dollar rebounded after falling to a multi-month low against the yen in early trades and gained in strength against most of its rivals as the session progressed on Wednesday.Original Article Read More →

IMF Cuts China Growth Forecast On Trade Tensions

The International Monetary Fund on Wednesday cut China's growth forecast for this year and next, citing downside risks and high uncertainty surrounding trade tensions, and said more policy easing may be needed if the conflict escalates. The lender lowered the Read More →

Powell Says Fed Will Act “As Appropriate” To Sustain Economic Expansion

Amid growing concerns escalating global trade tensions could spark a recession, Federal Reserve Chairman Jerome Powell has pledged the central bank will take appropriate actions to sustain the U.S, economic expansion. Powell mentioned recent developments involving trade negotiations and other Read More →

U.S. GDP Climbs Slightly Less Than Initially Estimated In Q1

U.S. economic growth in the first quarter accelerated by slightly less than initially estimated, according to revised data released by the Commerce Department on Thursday. The Commerce Department said real gross domestic product surged up by 3.1 percent.Original Article Read More →

U.S. Pending Home Sales Unexpectedly Slump 1.5% In April

After reporting a sharp increase in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing pending home sales unexpectedly pulled back in the month of April.Original Article Read More →