Monthly archive November, 2020

The UK unemployment rate increased notably in the third quarter and redundancies reached a record high as firms reduced staffing after the government scaled back the furlough scheme, which was extended this month till March-end next year. Data from the Read More →

After showing modest strength early on in the session, the U.S. dollar retreated and largely stayed sluggish on Tuesday as riskier currencies found some support amid optimism about a potential coronavirus vaccine.Original Article Read More →

Policymakers are set to favor asset purchases and longer term loans at cheaper rates to support the euro area economy during the crisis caused by the coronavirus, or Covid-19, pandemic, European Central Bank President Christine Lagarde hinted on Wednesday, after Read More →

The Reserve Bank of New Zealand expanded its monetary stimulus and retained its interest rate as the economic shock caused by the pandemic is set to remain for a prolonged period. The Monetary Policy Committee decided to begin a Funding Read More →

German economic confidence deteriorated sharply to a seven-month low in November as financial experts were concerned about the economic impact of the second wave of Covid-19, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Read More →

The total value of retail sales in Australia dropped a seasonally adjusted 1.1 percent on month in September, the Australian Bureau of Statistics said on Wednesday - standing at A$29.157 billion.Original Article Read More →