The U.S. dollar exhibited weakness on Thursday after showing some strength in the European session amid rising tensions between the U.S. and China.
Author: RTT - Forex Top Story
The European Central Bank slashed its growth and inflation projections for this year and expects the single-currency economy to contract sharply as the coronavirus, or Covid-19, hurt economic activity severely.
Revised data released by the Labor Department on Thursday showed U.S. labor productivity declined by much less than initially estimates in the first quarter. The Labor Department said labor productivity fell by 0.9 percent in the first quarter compared…
A report released by the Commerce Department on Thursday showed the U.S. trade deficit widened by slightly more than anticipated in the month of April. The Commerce Department said the trade deficit widened to $49.4 billion in April from a revised $42….
First-time claims for U.S. unemployment benefits pulled back further off their recent record high in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims tumbled to 1.877 mi…
The European Central Bank on Thursday increased the size of its emergency asset purchase programme and maintained its commitment to ease policy stance further if needed, as the euro area faces its worst recession in decades due to the impact of the cor…
The interest rate announcement from the European Central Bank is due on Thursday, headlining a light day for the European economic news. The ECB is expected to leave its key interest rate, which is the rate on the main refinancing operations, at a reco…
Australia posted a seasonally adjusted merchandise trade surplus of A$8.800 billion in April, the Australian Bureau of Statistics said on Thursday – down 16 percent on month.
South Korea posted a current account deficit of $3.12 billion in April, the Bank of Korea said on Thursday.
The U.S. Dollar was weak against major currencies on Wednesday amid improved risk sentiment after business reopened in several countries across the globe, raising hopes of a gradual economic recovery.