Monthly archive February, 2024

After reporting a surge in consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a slight improvement in sentiment in the month of February. The report said the consumer sentiment index inched up Read More →

The U.S. dollar shed ground against its major counterparts on Thursday after data showing a bigger than expected drop in retail sales in the month of January raised the possibility of an interest rate cut in June.Original Article Read More →

The U.S. dollar shed ground against most of its major counterparts on Wednesday, giving up some recent gains, as investors looked ahead to the next batch of U.S. economic data, due later in the week.Original Article Read More →

The euro area economy came to a standstill at the end of 2023 as initially estimated, but with nil growth the single currency bloc managed to escape a technical recession. Gross domestic product posted nil growth in the Read More →

The U.S. dollar moved higher on Tuesday as hotter-than-expected U.S. consumer price inflation data reduced the possibility of an interest rate cut by the Federal Reserve in the near future.Original Article Read More →

A Fed narrative that focused on scaling back rate cut expectations helped the U.S. Dollar trade firm during the week spanning February 5 to February 9.Original Article Read More →