Monthly archive December, 2023

New home sales in the U.S. unexpectedly saw a substantial decrease in the month of November, according to a report released by the Commerce Department on Friday. The report said new home sales plummeted by 12.2 percent to an annual Read More →

The U.S. dollar shed ground against its major rivals on Thursday after data showing a drop in economic growth and an uptick in jobless claims raised prospects of a rate cut by the Federal Reserve early next year.Original Article Read More →

The U.S. dollar gained against most of its major counterparts on Wednesday, recovering after a fall in the previous session amid bets the Fed will cut rates next year.Original Article Read More →

UK consumer price inflation reached its lowest level in more than two years in November, strengthening calls for early rate cuts even as Bank of England remains more cautious on signaling future easing. The consumer price index rose 3.9 percent Read More →

The Commerce Department released a report on Tuesday unexpectedly showing a substantial increase in new residential construction in the U.S. in the month of November. The report said housing starts soared by 14.8 percent to an annual rate of 1.560 Read More →

The U.S. dollar was largely subdued on Monday with traders assessing recent comments from Fed officials and awaiting fresh data for clarity about interest rates.Original Article Read More →