Dollar Advances Following U.S. GDP Data

The Commerce Department’s advance GDP data for the first quarter has been published at 8.30 am ET Friday. After the data, the greenback climbed against its major rivals. The greenback was trading at 109.41 against the yen, 1.3767 against the pound, 1.2073 against the euro and 0.9906 against the franc ...

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U.S. GDP Climbs More Than Expected In Q1

Economic growth in the U.S. continued to slow in the first quarter of 2018, according to a report released by the Commerce Department on Friday, although the pace of growth during the quarter still exceeded economist estimates. The Commerce Department said real gross domestic product climbed by 2.3 percent in ...

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Eurozone Economic Confidence Unchanged In April

Eurozone economic sentiment remained unchanged in April as stronger morale among consumers and industries was offset by a deterioration in confidence among services, retail and construction firms. The economic sentiment index held steady at 112.7 in April, survey data from the European Commission showed Friday. The score was forecast to ...

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U.S. Economic Growth Slows Less Than Expected In Q1

Economic growth in the U.S. continued to slow in the first quarter of 2018, according to a report released by the Commerce Department on Friday, although the pace of growth during the quarter still exceeded economist estimates. The Commerce Department said real gross domestic product climbed by 2.3 percent in ...

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U.S. Dollar Higher After Robust GDP Data

The U.S. dollar was higher against its major counterparts in the European session on Friday, as the U.S. economy grew more than expected in the first quarter, supporting investors’ optimism for sustained U.S. economic expansion. Data from the Commerce Department showed that real gross domestic product climbed by 2.3 percent ...

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Crude Oil Flat As Rig Count Rises

Crude oil futures inched lower Friday amid signs the U.S. shale boom will continue unabated. The number of land rigs drilling for oil in the United States is 825, up five from a week ago, according to Baker Hughes. WTI light sweet crude oil was 9 cents lower at $68.10 ...

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