Monthly archive October, 2020

Economic activity continued to increase across all Federal Reserve districts, according to the central bank's Beige Book report released on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted the pace Read More →

The U.S. dollar was down against most of its peers on Wednesday, extending recent weakness, amid continued focus on updates on stimulus talks.Original Article Read More →

Bank of England policymaker Gertjan Vlieghe said additional monetary stimulus is needed as the coronavirus pandemic poses downside risks to the economy. It appears that the downside risks to the economic outlook are starting to materialize, he said in a Read More →

China's central bank left its benchmark lending rates unchanged for the sixth consecutive month after the official data revealed that the economic growth gained further momentum in the third quarter. The one-year loan prime rate was retained at 3.85 percent Read More →

The U.S. dollar firmed up against most of its peers on Thursday on safe haven demand after hopes of a fiscal stimulus faded and the coronavirus cases surged across the world, forcing several countries to impose fresh lockdown measures.Original Read More →

The UK unemployment rate increased and redundancies reached its highest level since the global financial crisis in the three months to August even ahead of the scaling back of government's furlough scheme and the mounting fear of more restrictions. The Read More →