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The U.S. dollar exhibited strength against its peers on Friday after data showed a bigger than expected increase in U.S. employment in the month of July.

dollar 080219 07aug20 The U.S. dollar spiked higher against its major counterparts in the European session on Friday, as a data showed that U.S. jobs growth improved more than forecast in July, suggesting a continued recovery in the labor market despite the virus outbreak. Data from the Labor Department showed that employment...

unemploymentrate2 080720 Employment in the U.S. increased by more than expected in the month of July, according to a report released by the Labor Department on Friday.

germany jun07 07aug20 Germany's industrial production and exports growth improved in June as the relaxation of the coronavirus containment measures both within the economy and abroad boosted demand at the start of the third quarter. Industrial production advanced 8.9 percent month-on-month in June, faster than the 7.4 percent increase seen in May, data from Destatis revealed on Friday.

rba aug7 07aug20 Australia's economy is set to log a slow recovery given the ongoing spread of the coronavirus and the response to contain it, the Reserve Bank of Australia said in its Statement on Monetary Policy, released Friday. According to baseline scenario of RBA, GDP is expected to contract by around 6 percent over the year to December 2020, but then grow by around 5 per cent over 2021.

chinatrade july12 07aug20 China's exports grew notably in July as most of the economies relaxed lockdown measures introduced to curb the coronavirus spread, data from the General Administration of Customs revealed Friday. Driven by demand for medical supplies, electronics and automobiles, exports grew 7.2 percent on a yearly basis in July, confounding expectations for a drop of 0.2 percent.

preview oct17 07aug20 Industrial production and foreign trade figures are due from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and external trade data. Production is forecast to grow 8.1 percent on month in June, following a 7.8 percent rise in May.

The U.S. dollar turned in a mixed performance on Thursday with its movements largely impacted by the latest batch of economic data from across the globe, and continued impasse over a new coronavirus relief package.

jobless claims 080620 Following two straight weekly increases in first-time claims for U.S. unemployment benefits, the Labor Department released a report on Thursday showing initial jobless claims pulled back by much more than expected in the week ended August 1st. The report said initial jobless claims tumbled to 1.186 million, a decrease of 249,000 from the previous week's revised level of 1.435 million.

multibrandwarehouse jun06 06aug20 Germany's factory orders grew more than expected in June on strong domestic demand as consumption benefited from the easing of lockdown measures, data from Destatis showed Thursday. Orders advanced 27.9 percent on a monthly basis in June, faster than the 10.4 percent increase seen in May and much bigger than economists' forecast of 10.1 percent rise.

bankofengland 071119 06aug20 The Bank of England policymakers left the interest rate at a record low and quantitative easing unchanged after easing policy considerably since the onset of the coronavirus pandemic. In the accompanying Monetary Policy Report, the bank cautioned that unemployment will rise drastically and the economic and inflation outlook depends critically on the evolution of the pandemic.

rbi 040617 06aug20 The Reserve Bank of India left its key interest rates unchanged on Thursday, defying expectations for a quarter-point reduction, as it tries to keep inflation in check after the economy started showing signs of a gradual recovery as businesses started opening up following the relaxation of the lockdown restrictions to battle the coronavirus pandemic.

poundsymbol july20 06aug20 The pound gained ground against its key counterparts in the Asian session on Thursday, as the Bank of England kept its interest rate and quantitative easing unchanged, saying that the economic downturn is likely to be less severe than assumed in the May Report. The nine-member Monetary Policy Committee...

philippneflag may08 06aug20 The Philippine economy entered a recession in the second quarter after the gross domestic product contracted at the fastest pace since 1981 as the lockdown to contain the spread of the coronavirus weighed on economic activity causing millions of job losses. Gross domestic product fell 16.5 percent on a yearly basis in the second quarter.

bankofengland 06aug20 The Bank of England is expected to keep its key interest rate and quantitative easing unchanged on Thursday. The monetary policy announcement is due at 2.00 am ET. After expanding the QE by GBP 100 billion in June, markets expect the bank to hold the programme at GBP 745 billion and the interest rate at a historic low of 0.10 percent.

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