Economy Archive
Growth of the U.S. economy in the third quarter amounted to 3,5%. Volume incentive program of the U.S. government allowed the country's economy out of the very long and deep recession, with 30 years of the last century.GDP growth in …
The dollar snapped four days of gains against the euro as the US economy returned to growth in the three months through September, officially exiting recession.- The US government's advance estimate showed gross domestic product grew at an annualised rate …
Index of confidence in the euro-zone economy (Euro-Zone Economic Confidence) for October was 86.2 points, reports the European Commission. Value index surpassed expectations of analysts projected an increase to 84.4 points. Recall that a month earlier ...
Sterling closed up against the dollar yesterday, but slipped back nearly a cent from its intra-day high after a survey showed that consumer confidence in the US disappointed market expectations. - In early trading, the markets continued to take the …
The pound posted gains against the aussie yesterday, reversing its steep fall at the end of last week as investors cashed profits, closing up 0.8% at 1.7822. - The aussie was broadly weaker in trading yesterday as investors took the …
According to the report of the Federal Reserve Bank of Chicago, the indicator of economic activity in the U.S. rose in September and overcame a critical point, which indicates a recession.Note that the index of national activity is calculated on …
The pound was broadly sold on Friday following a weak GDP figure, losing three cents to the kiwi dollar, to close back down at 2.1607. - Data revealed that Britain's economy has now shrunk for six quarters after it contracted …
In trading on Friday, the pound slipped back from two-week highs around the 1.8000 level against the aussie as a weak GDP figure dulled demand for the UK currency. - A report showed that the UK failed to exit the …
The aussie dollar continued its upward trend yesterday, pushing on nearly one percent against the pound following bullish words from an RBA official.- The Australian dollar rose as a Reserve Bank of Australia official said a move to “more normal” …
Having traded in the red during the morning session, the pound rebounded back over $1.64, climbing for the fifth consecutive day and reaching a near one-month high of $1.6422. - The pound initially fell against the dollar, relinquishing last week’s …
The report on retail sales drop in September, which turned out to be weaker than analysts expected has had a positive impact on the dollar, which currently continues to demonstrate the desire to recover some losses . However, dealers noted …
The single currency climbed to a two week high of 1.4815 yesterday as investors continued to sell the dollar to fund riskier trades. - The single currency returned to its recent upward trend, initially climbing half a percent, as investors …
Sterling was unable to build on Wednesday’s gains, as trading between the pair held steady following a relatively muted market response from the two interest rate statements.- Yesterday morning, the pair remained tightly range bound as investors held back from …
The pound reversed its steady decline against the greenback yesterday as investors relinquished defensive positions ahead of today’s MPC announcement. - Cautious investors initially sought safety ahead of the two key central bank meetings today, putting pressure on the UK …
The kiwi dollar posted a 2.1% gain, a movement of four and half cents, against the pound yesterday in the wake of a strong business confidence survey. - During European trading hours the kiwi gained steadily, supported by speculation that …