Monthly archive October, 2020

The U.S. dollar gained in strength against its peers, recovering after recent weak spells, on safe-haven demand on continued impasse over a fiscal stimulus and on reports showing a surge in coronavirus cases in Europe.Original Article Read More →

China's exports continued to expand as global industrial activity resumed gradually and imports rebounded in September driven by robust domestic demand, official data revealed on Tuesday. Data from the General Administration of Customs showed that exports grew 9.9 percent year-on-year, Read More →

Australia's central bank retained its benchmark interest rate at a historic low and quantitative easing unchanged as expected ahead of the federal budget announcement later today. The board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain Read More →

The UK construction sector registered a sharp expansion in September as new business grew the most since before the pandemic-induced lockdown, a private survey showed Tuesday. The IHS Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index rose unexpectedly Read More →

Germany's factory orders growth gained further momentum in August on foreign demand raising hopes for strong economic rebound in the third quarter. Data released by Destatis showed that factory orders climbed 4.5 percent month-on-month, which was faster than the 3.3 Read More →

The U.S. dollar firmed up against its peers on Tuesday, with a substantial part of its gains coming after U.S. President Donald Trump tweeted that he is calling off stimulus negotiations.Original Article Read More →