Monthly archive June, 2021

The UK private sector logged one of the fastest expansion on record in June as there were marked increases in output across the manufacturing and services sectors as the economy continued to reopen, following the COVID-19 lockdown, a closely watched Read More →

The euro area private sector grew at the fastest rate in 15 years in June as the economy re-opened further from virus-fighting restrictions, flash survey data from IHS Markit showed on Wednesday. At 59.2, the flash composite output index reached Read More →

A report released by the Commerce Department on Wednesday unexpectedly showed another steep drop in new home sales in the U.S. in the month of May. The Commerce Department said new home sales tumbled by 5.9 percent to an annual Read More →

The U.S. dollar moved slightly higher in the Asian session on Wednesday, recovering from losses in the previous session, but gave up gains in the European session before rebounding into positive territory later on in the day.Original Article Read More →

After exhibiting strength against most of its peers in the Asian session, the U.S. dollar turned a bit easy against a few major currencies on Tuesday as traders digested Fed Chair Jerome Powell's Congressional testimony.Original Article Read More →

Federal Reserve Chair Jerome Powell is scheduled to appear before the House Select Subcommittee on the Coronavirus Crisis later Tuesday to discuss the central bank's response to the pandemic. In prepared remarks, Powell noted the economy has shown sustained improvement Read More →