Dollar Little Changed After U.S. Consumer Sentiment Index

Following the release of the University of Michigan’s Consumer Sentiment for August at 10.00 am ET Friday, the greenback changed little against its major rivals. The greenback was trading at 1.1745 against the euro, 108.71 against the yen, 0.9595 against the franc and 1.2885 against the pound around 10:02 am ...

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U.S. Consumer Sentiment Improves Much More Than Expected In August

With consumer expectations showing a significant rebound, the University of Michigan released a report on Friday showing a much bigger than expected improvement in U.S. consumer sentiment in the month of August. The report said the preliminary reading on the consumer sentiment index for August jumped to 97.6 from the ...

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Loonie Mixed Ahead Of Canada CPI

Statistics Canada will release Canada consumer prices for July at 8:30 am ET Friday. Inflation is expected to be flat on month, following a 0.1 percent decline in June. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie held steady against the euro, it ...

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Portugal PPI Inflation Slows Further

Portugal’s producer price inflation eased for the fourth consecutive month in July, figures from Statistics Portugal showed Friday. Industrial producer prices climbed 2.2 percent year-over-year in July, slower than the 2.8 percent increase in June. The measure has been rising since December 2016. Excluding the energy grouping, the index rose ...

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Eurozone Construction Output Falls For Second Month

Eurozone construction output decreased for the second straight month in June, Eurostat reported Friday. Construction output declined 0.5 percent month-on-month in June, bigger than the 0.2 percent decrease seen in May. The 0.5 percent decline was caused by a 0.5 percent fall in civil engineering and 0.4 percent decrease in ...

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U.S. Dollar Declines On Trump Policy Doubts

The U.S. dollar dropped against its major opponents in early European deals on Friday, as rumors over the possible departure of National Economic Council Director Gary Cohn triggered doubts about U.S. President Donald Trump’s ability to push through his economic agenda. After Trump disbanded two advisory groups of American business ...

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