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The U.S. dollar was weak against most major currencies on Friday, reacting data showing weak manufacturing and services sector activity in the month of February.

ukpmi-aug03_21feb20.jpg UK manufacturing grew at the fastest pace in 10 months in February, while the services sector expanded at the slowest pace in two months, leading to stable growth of the private sector survey data showed Friday. The flash IHS Markit / CIPS Flash UK Composite Purchasing Managers' Index showed a reading...

existing-homesales2-022120.jpg Existing home sales in the U.S. pulled back in January after jumping in December, according to a report released by the National Association of Realtors on Friday, with existing home sales continuing a fluctuating pattern of monthly increases and declines.

eurozoneflag-july24_21feb20.jpg Euro area private sector grew for a third straight month and at the fastest pace in six months in February, mainly led by further expansion of the services sector, though there were signs of demand and production being hurt by the coronavirus outbreak in China. Elsewhere on Friday, final data from...

leading-index-022020.jpg Indicating the current economic expansion will continue through the first half of 2020, the Conference Board released a report on Thursday showing a much bigger than expected increase by its reading on leading U.S. economic indicators.

phillyfed-022020.jpg Partly reflecting a jump in demand, the Federal Reserve Bank of Philadelphia released a report on Thursday unexpectedly showing another substantial acceleration in the pace of growth in Philadelphia-area manufacturing activity in the month of February.

jobless-claims-022020.jpg A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims crept up to 210,000, an increase of 4,000 from the previous week's revised level of 206,000

ukinflation-071719_20feb20.jpg UK retail sales rose for the first time in three months in January and at a faster than expected pace, led by a strong demand for clothing and footwear and food. The volume of retail sales including auto fuel rose 0.9 percent month-on-month, which was greater than the 0.7 percent gain economists had...

germanypreview-aug14_20feb20.jpg Germany's consumer confidence is set to ease slightly in March, as a modest gain in economic expectations were offset by moderate losses in income outlook and the propensity to buy, results of a monthly survey by the market research firm GfK showed on Thursday. The forward-looking GfK consumer confidence...

unemployment-021010.jpg The jobless rate in Australia came in at a seasonally adjusted 5.3 percent in January, the Australian Bureau of Statistics said on Thursday. That exceeded expectations for 5.2 percent and was up from 5.1 percent in December. The Australian economy added 13.500 jobs last month to 12,995,400 people,...

The U.S. dollar was a bit sluggish early on in the session on Wednesday, but gained in strength as the day progressed, reacting to a slew of economic data from across the globe, and the minutes of the Federal Reserve's latest policy meeting.

eccles-building-112818_19feb20.jpg Leaving interest rates at their current levels is likely to remain appropriate for some time, according to the assessments offered by Federal Reserve officials in the minutes of the central bank's latest monetary policy meeting.

imf-oct09_19feb20.jpg Global economy is set for a fragile and shallow recovery and the coronavirus outbreak in China is posing a new threat to the outlook, the International Monetary Fund said Wednesday.

turkey-may31_19feb20.jpg Turkey's central bank cut interest rates for a sixth policy session in a row, citing continued economic recovery and the need to sustain a disinflation path. The Monetary Policy Committee, led by Governor Murat Uysal, slashed the policy rate, which is the one-week repo auction rate, to 10.75 percent...

housing-starts2-021920.jpg A report released by the Commerce Department on Wednesday showed a pullback in new residential construction in the U.S. in the month of January. The Commerce Department said housing starts slumped by 3.6 percent to an annual rate of 1.567 million in January after soaring by 17.7 percent to a revised rate of 1.626 million in December.

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