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Forex News
European Markets Close Lower As Inflation, Growth Concerns Weigh
European stocks closed lower on Wednesday, weighed down by rising concerns about inflation due to high oil prices, slowing economic growth, and possibility of further monetary tightening by global central banks.
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642 days ago
U.S. Dollar Climbs As ISM Services PMI Exceeds Expectations
The U.S. dollar strengthened against its major counterparts in the New York session on Wednesday, as ISM non-manufacturing PMI came in higher than expected in August, raising the prospect of higher for longer rate policy by the Federal Reserve.
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642 days ago
Canadian Market Firmly Down In Negative Territory After BoC Holds Rates
The Canadian market is down firmly in negative territory in early afternoon trades on Wednesday, weighed down by losses in healthcare and utilities sectors.
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642 days ago
U.S. Services Index Unexpectedly Indicates Faster Growth In August
Activity in the U.S. service sector unexpectedly grew at a faster pace in the month of August, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI rose to 54.5 in August from 52.7 in July, with a reading above 50 indicating growth in the sector.
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642 days ago
Loonie Mixed After BoC Decision
As expected, the Bank of Canada kept its policy rate steady at 5 percent. Following the announcement, the loonie traded mixed against its major opponents. While it fell against the greenback, it rose against the rest of major rivals.
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642 days ago
Swiss Franc Falls Against Majors
The Swiss franc declined against its major rivals in the European session on Wednesday.
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642 days ago
Amazon Sues Bad Actors Attempting To Use Social Media To Knowingly Sell Counterfeit Luxury Items
Amazon.com, Inc. (AMZN) and its Counterfeit Crimes Unit (CCU) announced Wednesday the filing of two new lawsuits against Kamryn Russell, Ashley Hawat, and their co-conspirators who knowingly attempted to evade Amazon's brand protection systems in an effort to promote, advertise, and facilitate the sale of counterfeit luxury fashion goods such as jewelry, handbags, and accessories.
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642 days ago
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German Factory Orders Slump Adds To Recession Concerns
Germany's manufacturing sector orders decreased in double-digits on a monthly basis in July, which was much more than forecast, largely due to a big order for air and spacecraft in the previous month, and added fuel to worries that the biggest euro area economy may be headed for a recession.
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642 days ago
Moderna Says Clinical Trial Data Shows Updated COVID Vaccine Very Effective Against BA.2.86 Variant
Moderna, Inc. (MRNA) announced Wednesday that clinical trial data from its research assay confirm its updated COVID-19 vaccine generates an 8.7-fold increase in neutralizing antibodies in humans against BA.2.86 (Pirola), a variant under monitoring.
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642 days ago
U.S. Trade Deficit Widens As Imports Rise Slightly More Than Exports
The Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of July.
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642 days ago
FTSE 100 Falls As Rising Crude Oil Prices Spotlight Inflation
FTSE 100 of the London Stock Exchange declined 0.68 percent amidst renewed concerns over inflation triggered by the rise in crude oil prices.
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642 days ago
Euro Appreciates Amid Hawkish Comments From ECB's Knot
The euro was higher against its major counterparts during the European session on Wednesday, as European Central Bank Governing Council member Klaas Knot remarked that markets may be misreading the possibility of an interest rate hike at the monetary policy meeting next week.
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642 days ago
Amneal Pharma Says FDA Approves Lisdexamfetamine Dimesylate Capsules
Amneal Pharmaceuticals, Inc. (AMRX) announced Wednesday it has received Abbreviated New Drug Application (ANDA) approval from the U.S. Food and Drug Administration for lisdexamfetamine dimesylate capsules, 20 mg, 30 mg, 40 mg, 50 mg, 60 mg, and 70 mg.
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642 days ago
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