Industry

Russian Ruble Trades Near 6-Month Low as Manufacturing Sector Resumes Contraction

The Russian ruble continued to trade near 6-month low hit last week as crude oil prices remained weak on worries…

4 years ago

South African Rand Hits Over One Week High as Mfg PMI Rises Above Pre-Pandemic Levels

The South African rand recorded more than one week high of 16.40 against the greenback Friday, following news reports that…

4 years ago

US Dollar Index Hovers Around 2-Month High On Solid Texas Manufacturing Index Data

The US dollar index declined slightly to about 94.20 Monday, but stayed near two-month high of 94.64 in the earlier…

4 years ago

Canadian Dollar Hits Eight Week Low as Covid-19 Infections Surge

The Canadian dollar closed Friday’s trading at 1.3396 against the greenback, reflecting eight week low against the back drop of…

4 years ago

Yen Declines as Japanese Flash Mfg. PMI Signals Further Economic Slowdown

The Japanese yen declined against the greenback yesterday following the report of worse than anticipated flash manufacturing PMI (purchasing managers’…

4 years ago

US Retail Sales Growth Eases in August

In spite of ending the federal stimulus program that boosted consumer spending, the US retail sales rose in August, reflecting…

4 years ago

Japan Core Machinery Orders Rebound 6.3% m-o-m in July

Japan’s machinery orders bounced back in July following a steep decline in the earlier month, a huge break for the…

4 years ago

Pound Posts Steep Decline on Brexit Concerns & Covid-19 Resurgence

The British pound traded at about $1.33 Friday, reflecting a decline of 0.5% from previous week, the largest since mid-June.…

4 years ago

Australia Succumbs to Covid-19, Posting First Recession in Three Decades

Australia’s trade surplus declined to A$4.61 billion in July, from A$8.15 billion in the earlier month and lower than Consensus…

4 years ago

UK Manufacturing Output Grows at Quickest Rate in Six Years

The euro dollar declined against the pound following the release of lower-than-anticipated Spanish and German manufacturing PMI data. The increase…

4 years ago