Monthly archive July, 2023

Despite the rising interest rates and weak economic activity, UK mortgage approvals increased in June, and consumer credit grew at the fastest pace in more than five years, official data revealed on Monday. Mortgage approvals increased to 54,700 in June Read More →

The Japanese yen rallied against its major counterparts on Friday, as the Bank of Japan decided to bring greater flexibility to the yield curve control and to maintain its ultra-loose monetary policy.Original Article Read More →

Personal income in the U.S. increased by less than expected in the month of June, according to a report released by the Commerce Department on Friday. The report said personal income rose by 0.3 percent in June after climbing by Read More →

The U.S. dollar shed ground against most of its major counterparts on Friday after data on personal consumption expenditure indicated a slowdown in U.S. inflation.Original Article Read More →

Germany's consumer price inflation eased in July after accelerating in the previous month, mainly due to slower growth in food prices and services, preliminary data from the statistical office Destatis showed Friday. The consumer price index rose 6.2 percent year-on-year Read More →

The U.S. dollar firmed against its major counterparts on Thursday, buoyed by upbeat economic data, and the European Central Bank hinting a pause in interest rate hike as soon as September.Original Article Read More →