Menu

Monthly archive October, 2019

Dollar Loses Ground Against Rivals On Weak Economic Data

The U.S. dollar retreated after surging to a near 30-month high Tuesday morning, and edged lower as the day progressed as disappointing data on manufacturing activity in September raised prospects for a rate cut by the Federal Reserve.Original Article Read More →

Australia Cuts Rates Further To Support Growth

Australia's central bank reduced its key interest rates for the third time this year to underpin employment and income growth and signaled more easing. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to reduce the Read More →