Monthly archive July, 2020

After reporting a substantial rebound in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing another significant increase in pending home sales in the month of June.Original Read More →

In a widely expected move, the Federal Reserve announced Wednesday that interest rates will remain at near-zero levels amid the economic hardship imposed by the coronavirus pandemic. The Fed said it decided to maintain the target range for the federal Read More →

The U.S. dollar tumbled to a two-year low on Wednesday, after snapping having snapped a losing streak a day earlier, weighed down by rising coronavirus cases across U.S., and the Federal Reserve's comments that it will hold interest rates near Read More →

Fitch Ratings downgraded Japan's sovereign rating outlook citing the sharp economic contraction caused by the coronavirus pandemic. The outlook on 'A' rating was lowered to 'negative' from 'stable'. The agency observed that a downturn in consumer spending and business investment Read More →

After reporting a substantial improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence deteriorated by more than expected in the month of July. The Conference Board said its consumer Read More →

German consumer confidence is set to continue strengthening into August from the weaker level caused by the coronavirus pandemic, as the reduction in the value-added tax boosted the propensity to buy, survey data from market research group GfK showed Thursday. Read More →