EU economy returns to growth in March
The data released on Wednesday showed that Eurozone economic activity made an unexpected return to growth in March, as continuous slowdown from the closure of bloc’s dominant services sector was offset by acceleration of industrial…
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Weaker than expected UK inflation increases pressure on sterling
Cable fell further on Wednesday, extending previous day’s 0.8% drop and hit the lowest (1.3674) since Feb 5.
Unexpected fall of UK inflation in February (0.4% vs 0.8% f/c) contributed to negative tone from growing risk aversion.
Fresh…
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Risk aversion pushes Euro to new four-month low
The Euro fell to new four-month low in early European trading on Wednesday, following Tuesday’s 0.72% drop, deflated by rising risk aversion on extended lockdowns across the Europe and dovish comments from US Treasury Secretary Janet…
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Aussie falls on risk-off mode but huge US c/a deficit weighs on greenback
The Australian dollar fell to two-week low on Tuesday, pressured by fresh risk-off mode as new Covid lockdowns and worries about vaccination slowdown boost concerns about global growth while a number of countries impose sanctions on China…
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Extended lockdown to delay German economic recovery until early summer
German Chancellor Angela Merkel announced that the country is extending its lockdown until April 18 and called citizens to stay at home for five days over the Easter holidays.
Merkel pushed the leaders of Germany’s 16 states to take a…
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Oil price dips below $60 again, pressured by concerns of slowdown in demand recovery
WTI oil price fell around 3.5% during Asian / European trading on Tuesday and returned below $60 mark, coming under fresh pressure on stronger dollar and rising concerns that new lockdowns and slow vaccine rollouts in Europe will hurt…
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Cable falls to six-week low, deflated by fading risk sentiment on negative COVID news
Cable accelerated lower after brief rise on better than expected UK labor data, as negative COVID news from Europe and warning that Europe’s third wave of coronavirus could hit Britain soured the sentiment.
Fresh weakness broke pivotal…
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UK jobless rate unexpectedly fell in January
Unemployment rate in Britain unexpectedly fell to 5.0% in the three months to January, easing from 5.1% in the previous period and falling below forecasts for 5.2% rise.
The data based on tax records showed an increase in the number of…
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Euro eases as extended German lockdown and geopolitical tensions soured the sentiment
The Euro dipped in early European trading on Tuesday, as extended lockdowns in Germany until April 18 and rising political tensions between the US and Europe from one side and China and Russia from the other side, soured sentiment and…
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Gold loses traction as traders move into safety of dollar
Spot gold price fell on Monday as investors moved into safety of the US dollar, as markets were hit by fresh wave of uncertainty on Turkey’s abrupt decision to replace its central bank governor with a critic of high interest rates.
Current…
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