Dollar Trading Mixed After Flood Of Economic Reports

The dollar is turning in a mixed performance against its major rivals Thursday afternoon, following the release of a large number of U.S. economic reports this morning. The buck is down against its major European rivals, but is up slightly against the Japanese Yen. A report released by the Labor Department on Thursday unexpectedly showed ...

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U.S. Leading Economic Index Climbs Slightly Less Than Expected In August

Indicating the U.S. economy will continue expanding through 2018, the Conference Board released a report on Thursday showing a continued increase by its index of leading economic indicators in the month of August. The Conference Board said its leading economic index rose by 0.4 percent in August after climbing by ...

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South Africa Interest Rates On Hold

South Africa’s central bank left its key interest rate unchanged on Thursday, in line with economists’ expectations. The Monetary Policy Committee decided to keep the repurchase rate unchanged at 6.5 percent, the South African Reserve Bank Governor Lesetja Kganyago said in a statement. Four members voted in favor of the ...

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Treasury Announces Details Of Next Week’s Long-Term Securities Auctions

The Treasury Department announced the details of next week’s auctions of two-year, five-year, and seven-year notes on Thursday. The Treasury said it plans to sell $37 billion worth of two-year notes next Monday, $38 billion worth of five-year notes next Tuesday and $31 billion worth of seven-year notes next Thursday. ...

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Eurozone Consumer Confidence Falls More Than Expected To 15-month Low

Euro area consumer confidence weakened sharply in September to its lowest level in 15 months, initial estimates from the European Commission showed Thursday. The flash consumer confidence index dropped to -2.9 from -1.9 in August. Economists had forecast a score of -2. The latest reading was the lowest since May ...

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Philly Fed Index Indicates Strong Rebound In Growth In September

After reporting a significant slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing a bigger than expected rebound in the pace of growth in the month of September. The Philly Fed said its ...

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OECD Downgrades Global Growth Outlook

The Organization for Economic Cooperation & Development, on Thursday, downgraded it global growth projections for both 2018 and 2019, and signaled that the impact of the trade war between the US and China has started showing. According to Interim Economic Outlook, released Thursday, the global economy will grow 3.7 percent ...

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Gold Holds Steady Ahead Of Next Week’s Fed Meeting

Gold prices held mostly steady on Thursday as the dollar hovered near a seven-week low against a basket of major currencies heading into the Federal Reserve meeting next week. The weakness in dollar came after reports that the U.S. and Canada are unlikely to reach an agreement on NAFTA this ...

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Greece Current Account Surplus Rises In July

The Greece current account surplus increased somewhat in July from previous year, the Bank of Greece reported Thursday. The current account surplus rose to EUR 1.58 billion in July from EUR 1.54 billion in the corresponding month last year. The deficit on goods trade widened to EUR 1.70 billion from ...

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