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Monthly archive March, 2022

UK Borrowing Remains Below Official Estimate

The UK government borrowing remained below the official estimate in the financial year to February period, data from the Office for National Statistics showed on Tuesday. In the financial year-to-February, public sector net borrowing excluding banks totaled GBP 138.4 billion, Read More →

Dollar Rises Against Peers As Powell’s Comments Hint At Aggressive Rate Hikes

The U.S. dollar firmed against other major currencies on Monday, reacting to U.S. Federal Reserve Chairman Jerome Powell's comments that suggested the central bank might resort to aggressive monetary tightening this year.Original Article Read More →

Russia Central Bank Keeps Rate Unchanged At 20.00%

Russia's central bank left its key interest rate unchanged on Friday, after raising it sharply at the end of February as the rouble weakened significantly following the invasion of Ukraine. The Board of Directors of Bank of Russia decided to Read More →

U.S. Existing Home Sales Pull Back Sharply From One-Year High In February

The National Association of Realtors released a report on Friday showing a sharp pullback in U.S. existing home sales in the month of February. NAR said existing home sales plunged by 7.2 percent to an annual rate of 6.02 million Read More →

U.S. Leading Economic Index Rises Slightly More Than Expected In February

After showing the first decrease in almost a year in the previous month, the Conference Board released a report on Friday showing its U.S. leading economic index rose by slightly more than expected in the month of February.Original Article Read More →

Dollar Exhibits Mixed Trend Against Major Peers

The U.S. dollar is turning in a mixed performance on Friday with traders weighing the recent monetary policy announcements from the Federal Reserve and the Bank of England.Original Article Read More →