FX News

China Service Sector Growth Gains Strength

China's service sector grew at the fastest pace in three months in November as there were upturns in new business as well as business sentiment, survey data from S&P Global showed on Tuesday. The Caixin services Purchasing Managers' Index, or Read More →

U.S. Factory Orders Pull Back Much More Than Expected In October

After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back by much more than expected in the month of October. The Read More →

Eurozone Factory Sector Downturn Slows

Euro area manufacturing sector remained in the contraction zone but deterioration in production and orders slowed, survey results from S&P Global showed on Friday. The final HCOB manufacturing Purchasing Managers' Index posted 44.2 in November, up from 43.1 in October. Read More →

U.S. Manufacturing Index Indicates Continued Contraction In November

The Institute for Supply Management released a report on Friday showing a continued contraction in U.S. manufacturing activity in the month of November. The ISM said its manufacturing PMI came in at 46.7 in November, unchanged from October, with a Read More →

U.S. Construction Spending Climbs More Than Expected In October

Construction spending in the U.S. rose by more than expected in the month of October, according to a report released by the Commerce Department on Friday, although the report also showed a downward revision to the increase in construction spending Read More →

Fed Chair Jerome Powell Calls Rate Cut Speculation ‘Premature’

While forecasts suggest the U.S. central bank could start cutting interest rates as soon as March, Federal Reserve Chair Jerome Powell called such speculation "premature" during remarks on Friday. Powell acknowledged recent signs of slowing price growth but said the Read More →