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Monthly archive July, 2020

China’s Export Increase Unexpectedly

China's exports grew unexpectedly in June as easing of the coronavirus containment measures in most of the developed economies boosted foreign demand, data showed Tuesday. In dollar terms, exports climbed 0.5 percent on a yearly basis in June, the General Read More →

Dollar Rebounds On Safe-haven Demand

The U.S. dollar gained in strength on Thursday on safe-haven demand after several states across America reported sharp increases in coronavirus cases on Wednesday.Original Article Read More →

South Korea Posts $2.29 Billion Current Account Surplus In May

South Korea posted a current account surplus of $2.29 billion in May, the Bank of Korea said on Tuesday - following the $3.12 billion deficit in April.Original Article Read More →

European Economics Preview: Germany Industrial Production Data Due

Industrial production from Germany and house prices from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for May. Economists forecast output Read More →

Australia Retains Interest Rate, Asset Purchase Programme As Expected

Australia's central bank kept its key interest rate at a record low and the target yield on three-year government bonds unchanged, and vowed to maintain its accommodative approach as long as required amid the global coronavirus pandemic. The board of Read More →

UK Halifax House Prices Continue To Fall In June

Amid a gradual relaxation of coronavirus containment measures, UK house prices dropped for the fourth consecutive month in June, the longest streak of decrease since 2010, data from the Lloyds Bank subsidiary Halifax and IHS Markit showed Tuesday. House prices Read More →