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Monthly archive February, 2024

U.S. Dollar Seeing Modest Weakness Ahead Of Fed Minutes

After edging lower during trading on Monday, the U.S. dollar has shown another modest move to the downside on Tuesday.Original Article Read More →

China Slashes Mortgage Lending Rate To Support Property Funding

China lowered its longer-term benchmark lending rate at a slightly sharper than expected pace on Tuesday, in an attempt to support the ailing housing market. The People's Bank of China cut its five-year loan prime rate, the benchmark for mortgage Read More →

Thai GDP Growth Misses Expectations; Govt Cuts Growth Outlook

Thailand's economy grew less than expected in the fourth quarter adding pressure on the central bank to cut its interest rates amid negative inflation. The economy expanded 1.7 percent on a yearly basis in final quarter of 2023, the National Read More →

U.S. Homebuilder Confidence Improves To Six-Month High In February

Homebuilder confidence in the U.S. improved for the third straight month in February, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 48 in Read More →

U. K. Retail Sales Rebound Most Since Early 2021

U. K. retail sales grew at the fastest pace since early 2021 underscoring that consumer spending is set to provide boost to the economic recovery in the first quarter of 2024. Retail sales volumes rebounded 3.4 percent in January, following Read More →

U.S. Producer Prices Rise 0.3% In January, More Than Expected

The Labor Department released a report on Friday showing producer prices in the U.S. increased by more than expected in the month of January. The report said the producer price index for final demand rose by 0.3 percent in January Read More →