Monthly archive July, 2019

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened by more than anticipated in the month of May, as the value of imports jumped by much more than the value of exports. The Commerce Read More →

With President Donald Trump's global trade war creating uncertainty, the Institute for Supply Management released a report on Wednesday showing U.S. service sector growth slowed to a nearly two-year low in the month of June. The ISM said its non-manufacturing Read More →

The U.S. dollar drifted lower Wednesday morning as expectations of an interest rate cut by the Federal Reserve rose after data showed a less than expected increase in U.S. private sector employment in June.Original Article Read More →

New orders for U.S. manufactured goods fell by more than anticipated in the month of May, according to a report released by the Commerce Department on Wednesday. The Commerce Department said factory orders slid by 0.7 percent in May after Read More →

After scoring strong gains against most major currencies in the previous session, the U.S. dollar retreated on Tuesday amid fresh concerns about outlook for global growth and on uncertainty about a significant progress in U.S.-China trade talks.Original Article Read More →

Australia's central bank lowered its key interest rate by a quarter point for the second straight meeting to address slowing growth and rising unemployment. The board of the Reserve Bank of Australia, governed by Philip Lowe, cut the cash rate Read More →