Economic News (3rd Party)

US expected to report slowest job growth in six months

in.reuters.com | The uncontrolled pandemic and lack of extra fiscal stimulus might consequence within the financial system contracting within the first quarter of 2021. “We’re going to …

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EXCLUSIVE-China comfortable with yuan rises for now as economy recovers, sources say

in.reuters.com | “Yuan appreciation is supported by China's financial fundamentals,” stated Yu Yongding, an influential authorities economist who beforehand suggested …

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ANALYSIS-Is a post-COVID currency war coming? | Reuters

Monetary markets’ euphoric response to the latest COVID-19 vaccine breakthroughs and U.S. election outcomes is pushing some currencies up so quick that rumblings have begun a few potential new FX warfare.

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Dollar plumbs two-year lows; Aussie and Kiwi stabilise | Reuters

The greenback index hit its lowest in additional than two years on Thursday, whereas the euro held above $1.21, as indicators of progress in direction of U.S. fiscal stimulus and optimism about COVID-19 vaccines stored buyers upbeat even because the fairness rally paused.

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UPDATE 1-Philippines sees deeper-than-expected economic contraction in 2020

in.reuters.com | Economic system to bounce again strongly, rising 6.5-7.5% in 2021 … MANILA, Dec 3 (Reuters) – The financial injury introduced by the coronavirus …

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Dollar clambers off two-and-a-half-year low, risk currencies take breather | Reuters UK

The greenback clambered off a two-and-a-half-year low on Wednesday as buyers assessed the chance of additional fiscal stimulus in the USA, whereas a rally in riskier currencies misplaced steam.

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GLOBAL ECONOMY-Asian factories continue recovery from COVID-19 woes as China booms

in.reuters.com | TOKYO, Dec 1 (Reuters) – Asian factories continued to get well steadily in November because of a increase in financial powerhouse China, non-public …

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U.S. congressional hearing likely to spotlight Powell, Mnuchin split over pandemic lending | Howard Schneider

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell seem collectively earlier than a congressional panel on Tuesday in a listening to more likely to spotlight divisions over what extra must be performed in response to the COVID-19 pandemic.

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UK house price inflation hits highest in almost six years: Nationwide | William Schomberg

www.reuters.com | LONDON (Reuters) – British home costs rose by probably the most in almost six years in November, mortgage lender Nationwide mentioned on Tuesday because the nation’s housing market booms even whereas the broader financial system struggles with coronavirus. In annual phrases …

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