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Forex News
UK Construction Sector Contracts For First Time In 11 Months
The UK construction sector shrank in January, ending a 10-month period of expansion due to shrinking orders and rising cost pressures, survey results from S&P Global showed on Thursday. The construction Purchasing Managers' Index rose to 48.1 in January from 53.3 in December. The index registered below the 50.0 threshold for the first time since February 2024.
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155 days ago
German Construction Sector Continues To Shrink
Germany's construction sector remained firmly in contraction but the pace of fall softened in January, survey data from S&P Global revealed Thursday. The HCOB construction Purchasing Managers' Index rose to 42.5 in January from 37.8 in December. Although the score was firmly below the neutral 50.0 that separates growth from contraction, the reading was the highest since May 2023.
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155 days ago
Commodity Currency's Slide As Crude Oil Prices Drop
The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday, as the crude oil prices settled sharply lower after data showed a sharp jump in U.S. crude inventories last week.
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155 days ago
DAX Rises Nearly 1% On Encouraging Earnings, Economic Data
German stocks are up in positive territory Thursday morning with investors reacting to a slew of earnings updates, and factory orders and construction PMI data, while continuing to assess the U.S. government's trade policies and tariff moves.
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155 days ago
European Shares Rise As German Factory Orders Surge
European shares advanced on Thursday to hover near record levels as trade war fears eased and data showed Germany's factory orders rebounded at a much stronger than expected pace in December, largely driven by the manufacture of transport equipment.
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155 days ago
Asian Shares Rise As Bond Yields Dip
Asian stocks rose broadly on Thursday as trade war fears eased and Treasury yields dipped on easing inflation concerns.
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155 days ago
German Factory Orders Rebound In December
Germany's factory orders rebounded at a much stronger than expected pace in December largely driven by the manufacture of transport equipment. New orders increased 6.9 percent month-on-month in December, reversing a revised 5.2 percent fall in November, Destatis reported Thursday. Orders were forecast to grow only 1.9 percent.
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155 days ago
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Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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155 days ago
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Thursday.
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155 days ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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155 days ago
European Economic News Preview: Bank Of England To Cut Rates
The monetary policy announcement from the Bank of England is the top economic event due on Thursday. The BoE is expected to cut its benchmark rate by a quarter-point to support economic growth. Markets widely expect the BoE to lower the bank rate to 4.50 percent from 4.75 percent.
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155 days ago
European Shares To Open On Firm Note As Trade War Fears Ease
European stocks are likely to open higher on Thursday as trade war fears eased, and U.S. Treasury Secretary Scott Bessent said that President Donald Trump is not directly calling for the Federal Reserve to lower rates.
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155 days ago
Sensex, Nifty Drift Lower In Early Trade
Indian shares were a tad lower on Thursday amid the impending expiry of the weekly options of Nifty 50 contracts and the RBI's interest-rate decision on Friday.
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155 days ago
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