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Monthly archive October, 2021

South Korea Industrial Output Falls 0.8% In September

Industrial output in South Korea was down a seasonally adjusted 0.8 percent on month in September, Statistics Korea said on Friday.Original Article Read More →

U.S. Consumer Confidence Unexpectedly Improves In October

Reflecting easing concerns about the Delta variant of the coronavirus, the Conference Board released a report on Tuesday showing U.S. consumer confidence reversed a three-month downward trend in the month of October. The Conference Board said its consumer confidence index Read More →

Dollar Recovers After Early Weakness As Traders Eye Policy Meetings

The U.S. dollar, which drifted lower in the European session, recovered and gained in strength subsequently, riding on strong consumer confidence and new home sales data.Original Article Read More →

U.S. Durable Goods Orders Dip 0.4% In September, Much Less Than Expected

After reporting a sharp increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing durable goods orders pulled back by much less than expected in the month of Read More →

UK Chancellor Sunak Unveils GBP 150 Bln Spending Boost

UK Chancellor Rishi Sunak raised the public spending by a massive GBP 150 billion in an effort to underpin a strong economic recovery after the crisis caused by the coronavirus pandemic.Original Article Read More →

Dollar Exhibits Weakness Against Major Rivals

The U.S. Dollar drifted lower against most of its major rivals on Wednesday, with traders reacting to the monetary policy announcement from the Bank of Canada, and looking ahead to the policy statements from the Bank of Japan and the Read More →