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Dollar Stays Firm Against Peers

The U.S. dollar gained against most of its rivals on Tuesday, extending recent upside, as risk sentiment improved after several countries across the world started to reopen businesses gradually.Original Article Read More →

Eurozone Private Sector Registers Record Downturn In April

The euro area private sector experienced a record downturn in April due to the severe disruption caused by the coronavirus, or covid-19, pandemic, final survey results from IHS Markit showed Wednesday. The composite output index slid to a new series Read More →

EU Sees Worst Recession On Record This Year On Covid-19

The European Commission on Wednesday downgraded the growth forecasts for the Eurozone and the European Union and said the region is set to witness a recession of "historic proportions" this year due to the "major shock" from the coronavirus, or Read More →

German Factory Orders Log Record Fall In March

Germany's factory orders declined the most since the records began in 1991, as measures to contain the spread of coronavirus, or covid-19, pandemic dampened both domestic and foreign demand. Factory orders declined sharply by 15.6 percent on a monthly basis Read More →

U.S. Private Sector Employment Plunges By More Than 20 Million Jobs In April

Private sector employment nosedived in the month of April, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment plunged by 20.236 million jobs in April after slumping by a revised 149,000 jobs Read More →

New Zealand Unemployment Rate Rises To 4.2%

The jobless rate in New Zealand came in at a seasonally adjusted 4.2 percent in the first quarter of 2020, Statistics New Zealand said on Wednesday.Original Article Read More →