Monthly archive May, 2022

Existing home sales showed a significant decrease in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales tumbled 2.4 percent to an annual rate of 5.61 million Read More →

China's central bank unexpectedly lowered its lending rates for long-term loans, a move that is set to prop up lending to the property market. The five-year loan prime rate, or LPR, the benchmark for mortgage rates, was lowered by a Read More →

The U.S. dollar traded firm against most of its peers on Friday, edging further up from the lows it touched earlier in the week.Original Article Read More →

UK retail sales grew unexpectedly in April despite consumer confidence sliding to a record low as soaring inflation boosted the cost of living further. Retail sales expanded 1.4 percent monthly, reversing a revised 1.2 percent decline in March, data published Read More →

The Philippine central bank increased its benchmark interest rate for the first time in three-and-a-half years on Thursday, with an aim to curtail elevated inflation as domestic economic conditions started to rebound in the first quarter.Original Article Read More →

The U.S. dollar climbed higher against most of its major counterparts on Wednesday, buoyed by comments from Federal Reserve Chair Jerome Powell that the central bank is determined to keep raising interest rates until there is convincing evidence that inflation Read More →