Monthly archive August, 2023

Existing home sales in the U.S. slumped by much more than expected in the month of July, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales tumbled by 2.2 percent to Read More →

China's central bank reduced the one-year loan prime rate by a smaller-than-expected margin and retained the five-year rate despite financial troubles among property developers. The People's Bank of China lowered its one-year loan prime rate, or LPR, by 10 basis Read More →

Thailand's economic growth weakened unexpectedly on subdued investment and foreign demand, official data showed on Monday. Gross domestic product grew 1.8 percent annually after rising 2.6 percent in the first quarter, the National Economic and Social Development Council, or NESDC, Read More →

The euro area economy expanded as initially estimated in the second quarter despite tight credit conditions and high inflation damping demand. Gross domestic product registered a sequential growth of 0.3 percent after remaining unchanged in the first quarter, flash estimate Read More →

UK consumer price inflation hit a 17-month low in July on easing energy prices but core inflation stayed unchanged and services cost inflation accelerated, strengthening the case for another interest rate hike in September. Consumer price inflation slowed to 6.8 Read More →

After staying weak in the Asian and European sessions, the U.S. dollar briefly climbed higher Friday morning, but retreated soon and kept moving lower as the day progressed, giving up recent gains against some of its major counterparts.Original Article Read More →