Monthly archive August, 2022

The U.S. dollar climbed higher on Monday, scoring fairly strong gains over some of its major counterparts, as investors picked up the safe-haven currency amid rising fears about a possible recession, and aggressive rate hikes by the Federal Reserve.Original Read More →

China reduced its benchmark lending rates to reduce the interest burden of existing loans, and in turn to ease the pressure on the housing market and the faltering economy. The People's Bank of China lowered its five-year loan prime rate, Read More →

Existing home sales in the U.S. showed another significant decrease in the month of July, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales plunged by 5.9 percent to an annual Read More →

Retail sales and public sector finances from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance data. Read More →

The value of the U.S. dollar has moved over the course of trading on Friday, extending a recent upward trend.Original Article Read More →

UK retail sales unexpectedly recovered in July as promotions boosted online sales, while consumer sentiment hit a new record low in August amid the deepening cost of living crisis caused by rising inflation and the bleak economic prospects, separate data Read More →