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Monthly archive December, 2022

Dollar Gains Against Most Of Its Rivals On Rate Hike Bets

The U.S. dollar climbed higher against most of its major rivals on Thursday after data showing an unexpectedly bigger jump in the nation's economic activity in the third quarter raised prospects of the Federal Reserve continuing its interest rate hikes Read More →

UK Economy Headed For Long Recession? Revised GDP Fall Signals Hard Times Likely

The UK economy contracted more than estimated in the third quarter on downward revisions to industrial and construction output, vindicating the start of a long recession. The quarterly decline in gross domestic product was revised to -0.3 percent from -0.2 Read More →

U.S. Existing Home Sales Extend Nosedive Amid Higher Mortgage Rates

Partly reflecting the recent surge in mortgage rates, the National Association of Realtors released a report on Wednesday showing a continued slump in U.S. existing home sales in the month of November.Original Article Read More →

U.S. Dollar Slumps Versus Yen After Bank Of Japan Policy Shift

The value of the U.S. dollar has shown a notable decline during trading on Tuesday, with the greenback showing a particularly steep drop against the Japanese yen.Original Article Read More →

European Economics News Preview: Eurozone Current Account, Consumer Confidence Due

Current account and consumer confidence from the euro area are the top economic news due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is slated to publish Germany's producer prices for November. Read More →

European Economics News Preview: Eurozone Flash PMI, Inflation Data Due

Flash Purchasing Managers' survey results, foreign trade and final inflation reports from the euro area are the top economic news due on Friday, headlining a busy day. Retail sales and flash PMI figures are also due from the UK. At Read More →