Monthly archive June, 2023

The U.S. dollar recovered after falling to a one-month low on Friday as traders assessed the latest policy moves by central banks, and reacted to a slew of economic data from across the globe.Original Article Read More →

A report released by the University of Michigan on Friday showed U.S. consumer sentiment has improved by much more than expected in the month of June. The University of Michigan said is consumer sentiment index climbed to 63.9 in June Read More →

Business inventories in the U.S. saw a modest rebound in the month of April, the Commerce Department revealed in a report released on Thursday. The report said business inventories rose by 0.2 percent in April after slipping by a downwardly Read More →

The European Central Bank is expected to cut its benchmark rates by 25 basis points on Thursday although the US Federal Reserve decided to hold its key rate after ten consecutive rate hikes. The ECB monetary policy announcement is due Read More →

Producer prices in the U.S. decreased by more than expected in the month of May, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand fell by 0.3 Read More →

The U.S. dollar drifted lower against its major counterparts on Tuesday after data showing a slowdown in consumer price inflation raised hopes the Federal Reserve will pause rate increases when it announces its monetary policy decision on Wednesday.Original Article Read More →