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The U.S. dollar stayed firm against most of its peers on Wednesday amid fears of an imminent deep recession due to the impact of the rapidly spreading coronavirus pandemic.

construction spending3 010420 A report released by the Commerce Department on Wednesday showed an unexpected decrease in U.S. construction spending in the month of February. The Commerce Department said construction spending slumped by 1.3 percent to an annual rate of $1.367 trillion in February after spiking by 2.8 percent to an upwardly revised rate of $1.385 trillion in January.

ism pmi 040120 With the coronavirus outbreak weighing on demand, the Institute for Supply Management released a report on Wednesday showing a contraction in U.S. manufacturing activity in the month of March.

adp 040120 Reflecting a significant loss of jobs at small businesses, payroll processor ADP released a report on Wednesday showing a modest decrease in private sector employment in the U.S. in the month of March. ADP said private sector employment fell by 27,000 jobs in March after jumping by a downwardly revised 179,000 jobs in February.

ukpmi oct01 01apr20 UK manufacturing activity contracted in March due to the outbreak of the coronavirus, or Covid-19, and the subsequent mitigation efforts, the final survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers' Index fell to 47.8 in March from 51.7 in February. The flash estimate was 48.0.

eurozonepmi nov23 01apr20 Euro area jobless rate unexpectedly eased to its lowest level since in over a decade in February, just ahead of the announcement of coronavirus pandemic containment measures in several countries in the region. The jobless rate fell to 7.3 percent, data from Eurostat showed Wednesday, while economists had expected it to remain unchanged at January's 7.4 percent. That was the lowest rate since March 2008, the agency added.

eurozonepmi 022117 01apr20 Eurozone manufacturing activity contracted at the fastest pace in more than seven years in March as the outbreak of coronavirus, or covid-19 weighed on orders, output, employment and confidence, final data from IHS Markit showed on Wednesday. The final factory Purchasing Managers' Index fell to 44.5 from 49.2 in February. The reading was also below the flash estimate of 44.8.

preview oct09 01apr20 Final factory Purchasing managers' survey data and unemployment from euro area are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis publishes Germany's retail sales figures for February. Sales are forecast to grow 0.1 percent on month, slower than the 0.9 percent rise in January.

rba aug7 01apr20 Australia is set to undergo a very material contraction over the first half of the year, the minutes of the monetary policy meeting of Reserve Bank of Australia showed on Wednesday. At the emergency meeting held on March 18, policymakers had reduced the key interest rate by 25 basis points to 0.25 percent and launched asset purchase programme.

chinamanufacturing aug01 31mar20 Chinese manufacturers reported a broadly stable business condition in March after deteriorating the most on record in February due to the strict measures taken to stem the spread of coronavirus, or covid-19. According to the survey conducted by IHS Markit, the manufacturing Purchasing Managers' Index rose to 50.1 in March from 40.3 in February.

bankofjapan 122117 Large manufacturing in Japan weakened again in the first quarter of 2020, the Bank of Japan's quarterly Tankan Survey on business sentiment showed on Wednesday with a diffusion index score of -8. That actually beat forecasts for a reading of -10 as expectations were very soft because of the global...

The U.S. dollar swung between gains and losses against major currencies on Tuesday as a raft of stimulus measures announced by the Federal Reserve in recent days and the massive relief package announced by the government weighed on the currency.

theworldbank 041317 31mar20 Developing economies in East Asia and the Pacific are facing the prospect of a global financial shock and recession and more people are set to remain poor, thanks to the coronavirus, or Covid-19, outbreak, the World Bank said in a report late Monday. "Significant economic pain seems unavoidable in all countries," the World Bank said in a report.

consumer 110918 31mar20 Reflecting a deterioration in the short-term outlook, the Conference Board released a report on Tuesday showing a notable decrease in U.S. consumer confidence in the month of March. The Conference Board said its consumer confidence index slumped to 120.0 in March from an upwardly revised 132.6 in February.

chicago pmi 033120 A report released by MNI Indicators on Tuesday showed a continued contraction in Chicago-area business activity in the month of March. MNI Indicators said its Chicago business barometer fell to 47.8 in March from 49.0 in February, with a reading below 50 indicating a contraction in regional business activity.

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