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Forex News
Dollar Rises Against Major Counterparts On Strong Jobs Data
The U.S. dollar climbed higher against its major counterparts on Friday, as strong jobs data raised hopes the Federal Reserve will keep interest rates at higher level for many more months.
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886 days ago
Canadian Market Swinging Between Gains And Losses
After a positive start and a subsequent recovery, the Canadian market drifted lower Friday morning. Despite staging a recovery again, the market dropped into the red again as investors stayed reluctant to make significant moves.
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887 days ago
Swiss Market Ends On Buoyant Note
After opening flat, the Switzerland stock market gained in strength thanks to sustained buying at several counters and closed on a buoyant note on Friday.
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887 days ago
European Stocks Close Higher
stocks closed broadly higher on Friday, and the U.K.'s benchmark FTSE 100 hit a record high, as investors reacted to a slew of corporate earnings updates, the latest batch of economic data, and the interest rate moves by major central banks.
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887 days ago
Upbeat Jobs Data Buoys U.S. Dollar
The U.S. dollar firmed against its major counterparts in the New York session on Friday, as the nation's job growth exceeded expectations in January, raising hopes that interest rates would remain elevated for longer.
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887 days ago
U.S. Service Sector Activity Rebounds Much More Than Expected In January
After reporting a contraction in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Friday showing activity rebounded by much more than expected in the month of January.
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887 days ago
U.S. Job Growth Far Exceeds Expectations In January, Unemployment Rate Drops To 53-Year Low
Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of January, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment soared by 517,000 jobs in January after surging by an upwardly revised 260,000 jobs in December.
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887 days ago
more news
U.S. Employment Spikes Much More Than Expected In January
Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of January, according to a closely watched report released by the Labor Department on Friday.
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887 days ago
Hong Kong Retail Sales Rebound In December
Hong Kong's retail sales value rose in December as the economic sentiment improved following the relaxation of the social distancing measures that were imposed due to a fresh outbreak of the Covid pandemic, preliminary data from the Census and Statistics Department showed Friday. The value of retail sales grew 1.1 percent year-on-year following a 4.1 percent fall in November, Censtad said.
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887 days ago
Recovery In Eurozone Private Sector Eases Fear Of Recession
Eurozone private sector moved into the expansion zone in January for the first time in seven months, raising hopes that the currency bloc would escape a recession, final survey results from S&P Global showed Friday. At 50.3 in January, the composite output index climbed from 49.3 in December. The flash score was 50.2.
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887 days ago
Children's Robes, Pajamas Recalled On Burn Risks
The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, posing a risk of burn injuries to children. Further, citing the same concerns, Paper Cape children's pajamas manufactured in Peru ...
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887 days ago
UK Service Sector Undergoes Another Contraction In January
UK service providers reported another reduction in their business activity at the start of the year largely due to subdued spending by both businesses and consumers, final results of the Purchasing Managers' survey from S&P Global revealed Friday.
The Chartered Institute of Procurement & Supply services Purchasing Managers' Index fell to 48.7 from 49.9 in the previous month.
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887 days ago
Bay Street Seen Opening Flat
Sluggish commodity prices and weak European stocks point to a flat start for the Canadian market on Friday.
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887 days ago
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