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Monthly archive December, 2020

Fed To Continue Asset Purchases Until ‘Substantial’ Progress Toward Recovery

While announcing its widely expected decision to leave interest rates unchanged, the Federal Reserve on Wednesday signaled that it plans to continue its asset purchase program until the economy shows substantial progressed towards the central bank's goals of maximum employment Read More →

Dollar Extends Slide

After plunging to a new multi-year low in the Asian session, the U.S. dollar gradually recovered and stayed higher for a brief while after the Federal Reserve announced its monetary policy.Original Article Read More →

New Zealand GDP Falls 2.2% On Year In Q3

New Zealand's gross domestic product dropped 2.2 percent on year in the third quarter of 2020, Statistics New Zealand said on Thursday.Original Article Read More →

U.S. Dollar Drops As Stimulus Optimism Reduces Safe Haven Appeal

The value of the U.S. dollar has moved to the downside over the course of trading on Tuesday, with the U.S. dollar index sliding 0.26 points or 0.3 percent to 90.45.Original Article Read More →

UK Unemployment Rises, Redundancies At Record High

Despite government support measures, the UK unemployment increased in the three months to October and redundancies reached a record high as the coronavirus pandemic weighed on the labor market. The unemployment rate rose to 4.9 percent in three months to Read More →

U.S. Consumer Prices Rise In Line With Estimates In November

A report released by the Labor Department on Thursday showed a modest increase in U.S. consumer prices in the month of November. The Labor Department said its consumer price index rose by 0.2 percent in November after coming in unchanged Read More →