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German Factory Orders Recover In February

Germany's factory orders expanded in February after declining sharply at the start of the year, signalling that the recession is likely to be relatively mild. Factory orders posted a monthly growth of 0.2 percent in February, in contrast to the Read More →

U.S. Employment Surges By 303,000 Jobs In March, Much More Than Expected

A closely watched report released by the Labor Department on Friday showed employment in the U.S. shot up by much more than expected in the month of March. The Labor Department said non-farm payroll employment spiked by 303,000 jobs in Read More →

U.S. Dollar Advances As June Rate Cut Hopes Fade After Strong Jobs Data

The U.S. dollar moved higher against its major counterparts in the New York session on Friday, as strong-than-expected jobs data for March dampened hopes of imminent interest rate cuts by the Federal Reserve.Original Article Read More →

Dollar Rises After Upbeat Jobs Data

The U.S. dollar climbed higher in the New York session on Friday after data showing a stronger than expected growth in non-farm payroll employment dashed hopes of early interest rate cuts by the Federal Reserve.Original Article Read More →

U.S. Trade Deficit Unexpectedly Widens To Largest Since Last April

A report released by the Commerce Department on Thursday showed the U.S. trade deficit unexpectedly widened in the month of February. The Commerce Department said the trade deficit increased to $68.9 billion in February from a revised $67.6 billion in Read More →

U.S. Service Sector Growth Unexpectedly Slows In March

Service sector growth in the U.S. unexpectedly slowed in the month of March, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI dipped to 51.4 in March from 52.6 in February. Read More →