The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3pc. Read More US creates jobs at fastest pace in nine months
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Read More British Pound Weakness To Gather Pace On Slower Growth, Inflation
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The U.S. manufacturing sector expanded for the twenty-eighth consecutive month in November, and the pace of growth accelerated as the ISM manufacturing index rose to 52.7, which is its highest level in five months, from 50.8 in October. Market expectations had been for a more modest increase to 51.8. In Read More US Manufacturing Sector [...]
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Optimism that the US economy picked up critical momentum in the last quarter have been raised after the country’s retailers enjoyed a far better September than expected. Read More US retail sales rise at fastest pace in seven months
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Factory gate prices rose at their fastest rate for nearly three years in September, as manufacturers sought to protect their profit margins after a surge in raw material costs over the past year. Read More Factory gate prices rise at fastest pace for three years
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The rebound in the EUR/GBP and the EUR/CAD may gather pace as both pairs maintain the range-bound price action from earlier this year, but the euro may trade heavy over the remainder of the week as market participants see the European Central Bank scaling back the rate hikes from earlier this year. Meanwhile, the Japanese [...]
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(Dow Jones via eFXnews) Credit Agricole says the USD will continue to strengthen in the coming months but at a less rapid pace; "our less aggressive profile for USD appreciation partly reflects the fact that the …. 42 Vote(s) Read More USD To Strengthen At Slower Pace In Coming Months
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The USD lost ground on Friday following a rebound in risk appetite and the near-term correction may gather pace in the week ahead as the greenback remains overbought. Read More USD To Consolidate Further, Sterling Rebound To Gather Pace
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Alarm bells were sounded over prospects for the British economy after growth in Britain’s dominant services sector slowed last month at its fastest pace since the 2001 foot and mouth crisis. Read More Services growth slows at fastest pace since 2001
Posted in FX News | Tagged 2001, at, fastest, growth, pace, services, since, slows
The ISM non-manufacturing index indicated that the service sector continued to expand in July, although the pace of growth eased as the index moved lower to 52.7 from 53.3 in June (a reading above 50 indicates the sector is generally expanding). The modest slowing in July comes in contrast to Read More US Service Sector [...]
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