Monthly archive May, 2023

The stalemate over the U.S. debt ceiling, uncertainty over monetary policy in the U.S. amidst sticky inflation, and concerns about the slowing growth in China, formed the backdrop for currency markets in the week spanning May 15 to May 19.Read More →

A report released by the Conference Board on Thursday showed a continued decrease by the group's reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index slid by 0.6 percent in Read More →

The National Association of Realtors released a report on Thursday unexpectedly showing a steep drop in U.S. existing home sales in the month of April. NAR said existing home sales plunged by 3.4 percent to an annual rate of 4.28 Read More →

The U.S. dollar appreciated against its major counterparts in the New York session on Thursday, as jobless claims came in lower than expected last week and on optimism over progress in the debt ceiling talks in Washington.Original Article Read More →

Producer price data from Germany is the only major statistical report due on Friday, headlining a very light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for April. Producer price Read More →

The U.S. dollar firmed against its major rivals on Thursday, amid optimism about the progress in the debt ceiling talks, and on data showing a bigger than expected drop in U.S. jobless claims last week.Original Article Read More →