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South Korea Industrial Production Climbs 1.0% In January

Industrial output in South Korea advanced a seasonally adjusted 1.0 percent on month in January, Statistics Korea said on Friday.Original Article Read More →

Markets await Powell’s testimony; USD eases

The USD’s struggle to take on 90 levels on the US Dollar Index continues. This morning we continue to see a softer USD ahead of Fed Chairman Powell’s first testimony to congress. Traders will screen through his talk for clues Read More →

U.S. Pending Home Sales Unexpectedly Slump 4.7% In January

Pending home sales in the U.S. unexpectedly showed a steep drop in the month of January, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index tumbled by 4.7 percent to 104.6 Read More →

Dollar boosted by Powell’s comments; more rate hikes expected

US stocks sell off after Fed chief Powell signals more rate hikes in order to tame inflation. Yesterday in First address to to US Congress Fed Chairman Jerome Powell gave out more details on the Fed’s expectations for economic growth Read More →

U.S. Consumer Confidence Improves More Than Expected In February

A report released by the Conference Board on Tuesday showed a much bigger than expected improvement in U.S. consumer confidence in the month of February. The Conference Board said its consumer confidence index jumped to 130.8 in February from a Read More →

Bank Of Korea Keeps Benchmark Interest Rate Unchanged At 1.50%

The Bank of Korea's monetary policy board on Tuesday voted to hold the nation's benchmark interest rate steady at 1.50 percent, in line with expectations.Original Article Read More →