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Pound Rises On Upbeat U.K. Employment Data

Pound Rises On Upbeat U.K. Employment Data

The British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat United Kingdom (UK) labor market data for the three-months ending June.
RTTNews | vor 11 Tagen
DAX Retreats After Positive Start, Down 0.3%

DAX Retreats After Positive Start, Down 0.3%

Despite opening on a positive note amid easing trade tensions, the German market is down in negative territory Tuesday afternoon, with investors turning cautious, looking ahead to U.S. consumer price inflation data due later in the day. Weak economic sentiment reading is also weighing on sentiment.
RTTNews | vor 11 Tagen
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | vor 11 Tagen
Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
RTTNews | vor 11 Tagen
Australian Dollar Slides As RBA Cuts Key Interest Rate By 25 Bps

Australian Dollar Slides As RBA Cuts Key Interest Rate By 25 Bps

The Australian dollar weakened against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point as underlying inflation continued to soften and labor conditions eased slightly.
RTTNews | vor 11 Tagen
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European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
RTTNews | vor 11 Tagen

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