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Monthly archive March, 2021

Dollar Posts Strong Gains Against Most Of Its Rivals

The U.S. dollar gained in strength against its peers on Tuesday, riding on comments from Federal Reserve Chairman Jerome Powell that the economic recovery had progressed more quickly than expected and appeared to be strengthening.Original Article Read More →

UK Private Sector Recovers On Services Activity

The UK private sector returned to the expansion territory in March with the service sector performance outpacing the manufacturing output growth, flash survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed on Wednesday. The composite Read More →

UK Inflation Eases Unexpectedly In February

UK consumer price inflation eased unexpectedly in February driven by falling prices of clothing, second-hand cars and games, data from the Office for National Statistics revealed on Wednesday. Consumer price inflation eased to 0.4 percent from 0.7 percent in January. Read More →

U.S. Durable Goods Orders Unexpectedly Slump Due To Winter Storms

New orders for U.S. manufactured durable goods unexpectedly decreased in the month of February, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said durable goods orders slumped by 1.1 percent in February after spiking by Read More →

Eurozone Private Sector Returns To Growth In March

The euro area private sector returned to growth in March underpinned by a record expansion in manufacturing as global demand continued to revive from the pandemic, survey results from IHS Markit showed on Wednesday. The composite output index rose to Read More →

U.S. New Home Sales Plummet Much More Than Expected To Nine-Month Low

A report released by the Commerce Department on Tuesday showed a nosedive by U.S. new home sales in the month of February. The Commerce Department said new home sales plummeted by 18.2 percent to an annual rate of 775,000 in Read More →