Monthly archive November, 2021

In a widely expected move, the Federal Reserve announced Wednesday that is has decided to begin scaling back its asset purchases later this month. The Fed said it plans to reduce its $120 billion in monthly bond purchases by $15 Read More →

With traders reacting to the Federal Reserve's monetary policy announcement, the value of the U.S. dollar has moved modestly lower during trading on Wednesday.Original Article Read More →

The UK service sector registered a sharp growth momentum in October driven by robust new work amid the reopening of the economy and looser international travel restrictions, final survey results from IHS Markit showed on Wednesday. The headline Chartered Institute Read More →

Eurozone manufacturing activity expanded at the slowest pace in eight months in October as supply chain issues interrupted production schedules and dampened orders, final survey results from IHS Markit showed on Tuesday. The manufacturing Purchasing Managers' Index fell to 58.3 Read More →

European Central Bank President Christine Lagarde said on Thursday that inflation is set to remain higher for longer than expected, but it is temporary and price growth is set to ease over the course of next year.Original Article Read More →

The U.S. dollar traded weak against major rivals on Thursday with investors reacting to data showing a significant drop in U.S. GDP growth in the third quarter, and digesting the European Central Bank's policy statement.Original Article Read More →