Monthly archive June, 2020

Federal Reserve Chair Jerome Powell acknowledged recent signs of improvement in the economy during congressional testimony on Tuesday but cautioned that "significant uncertainty remains about the timing and strength of the recovery."Original Article Read More →

The U.S. dollar was firm against most major currencies on Tuesday with stronger than expected retail sales data, and its safe haven appeal after the Federal Reserve chairman's comments that there is significant uncertainty about the pace of recovery supporting Read More →

New Zealand posted a seasonally adjusted current account deficit of NZ$1.56 billion in the first quarter of 2020, Statistics New Zealand said on Wednesday.Original Article Read More →

UK inflation eased to a four-year low in May largely driven by lower costs for petrol and recreational and cultural goods, adding pressure on the central bank to ease monetary policy further. Consumer price inflation eased to 0.5 percent in Read More →

New residential construction in the U.S. showed a notable rebound in the month of May, according to a report released by the Commerce Department on Wednesday, although housing starts still came in well below economist estimates. The report said housing Read More →

The U.S. dollar stayed firm on Wednesday as lingering concerns about growth and rising geopolitical tensions prompted traders to seek the safe-haven currency.Original Article Read More →