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Monthly archive January, 2022

Dollar Rises Against Major Counterparts After Fed Policy Announcement

The U.S. dollar climbed higher against major currencies on Wednesday after the Federal Reserve said it is likely to hike interest rates in March and signaled that it would then start reducing its asset holdings.Original Article Read More →

Dollar Remains Steady Ahead Of Fed Policy

The U.S. dollar firmed against most of its major rivals on Tuesday, ahead of the Federal Reserve's monetary policy announcement, due on Wednesday.Original Article Read More →

UK Govt Borrowings Stay Below OBR Forecast

The UK government borrowing remained below the forecast of the Office for Budget Responsibility in the financial year-to-date period, data released by the Office for National Statistics showed on Tuesday. In the financial year to December, the budget deficit was Read More →

Eurozone Private Sector Growth Slows As Omicron Variant Hits Services

Eurozone private sector growth eased in January as the Omicron variant hit the services activity, while manufacturers benefited from easing supply constraints, flash survey results from IHS Markit showed on Monday. The flash composite output index slid to an 11-month Read More →

UK Retail Sales Decline At Fastest Pace In 11 Months

UK retail sales declined more-than-expected in December as the Omicron outbreak dampened Christmas sales, data from the Office for National Statistics showed Friday. Retail sales fell 3.7 percent on a monthly basis in December, reversing the 1 percent increase Read More →

China GDP Growth Slows In Q4; PBoC Cuts Lending Rate

China's economy grew at a slower pace in the fourth quarter of 2021 amid weak property investment and new restrictions imposed at the end of the year to control the spread of coronavirus. As the economy registered a slower growth, Read More →