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Monthly archive February, 2022

U.S. Private Sector Employment Unexpectedly Shows Sharp Pullback In January

Reflecting the impact of the Omicron variant of the coronavirus, payroll processor ADP released a report on Wednesday unexpectedly showing a sharp pullback in U.S. private sector employment in the month of January. ADP said private sector employment plunged by Read More →

U.S. Construction Spending Inches Up Less Than Expected In December

With an increase in spending on private construction partly offset by a slump in spending on public construction, the Commerce Department released a report on Tuesday showing U.S. construction spending increased by less than expected in the month of December.Read More →

Dollar Drifts Lower Against Peers

The U.S. dollar slid against its major counterparts on Monday, paring recent gains, as traders looked ahead to the upcoming monetary policy meetings of the Reserve Bank of Australia, the Bank of England and the European Central Bank.Original Article Read More →