FX News

South Korea GDP Sinks 3.3% On Quarter In Q2

South Korea's gross domestic product was down a seasonally adjusted 3.3 percent on quarter in the second quarter of 2020, the Bank of Korea said in Thursday's advance estimate.Original Article Read More →

Dollar Stays Weak After EU Leaders Agree On Recovery Fund

The U.S. dollar exhibited weakness against its peers on Tuesday after risk sentiment in the market improved as the European Union leaders agreed on a stimulus package, and hopes about coronavirus vaccines rose.Original Article Read More →

UK Budget Deficit Widens On Measures To Combat Covid-19

The UK budget deficit increased sharply in June as the government took measures to support businesses and individuals to address the impact of the coronavirus pandemic. Public sector net borrowing excluding public sector banks increased GBP 28.3 billion from Read More →

U.S. Consumer Prices Rebound In June Amid Spike In Gas Prices

Partly reflecting a substantial rebound in gasoline prices, the Labor Department released a report on Tuesday showing U.S. consumer prices increased by slightly more than expected in June following three straight monthly declines. The Labor Department said its consumer price Read More →

Bank Of Japan Keeps Policy Unchanged; Sees Sharp Downturn In FY 2021

The Bank of Japan maintained its massive monetary policy stimulus on Wednesday as the economy is expected to contract more sharply in the current financial year due to the challenges posed by the novel coronavirus. The Policy Board of the Read More →

UK Inflation Rises Unexpectedly In June

UK consumer price inflation increased unexpectedly in June driven by games and clothing cost, data from the Office for National Statistics showed Wednesday. Consumer price inflation rose to 0.6 percent from a four-year low of 0.5 percent in May. The Read More →