Eurozone slump: Exports down, prices up – all indicators point to economic downturn

Germany has been hit particularly badly as its inflation rates have dropped to 0.9 per cent from 2.2 percent in September last year. European Central Bank’s improvement measures have failed as across the Eurozone consumer prices dropped to 0.8 percent in September form one percent in August, according to Eurostat. Florian Hense, an economist at investment bank Berenberg, told The Financial Times: […]

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Dollar Up As U.S. Inflation Remained Flat; Trump Mulls Signing Spending Deal

The U.S. dollar drifted higher against its key counterparts in the European session on Wednesday, as a data showed that U.S. consumer inflation remained unchanged in January and on media reports that President Trump is willing to sign a Congressional spending package on a border security agreement to avert another partial government shutdown. Data from the Labor Department showed that […]

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Dollar Mostly Steady Against Major Currencies

The U.S. dollar is mostly steady against most major currencies on Tuesday, with traders shunning riskier currencies amid renewed worries about global economic slowdown. With the International Monetary Fund (IMF) cutting its world economic growth forecast for the current year and 2020, citing U.S.-China trade disputes, Brexit uncertainty and the partial government shutdown in the U.S., global equities drifted lower […]

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World markets rally, pound rises on hard-fought Brexit deal

People look at their cell-phone in front of an electronic stock board of a securities firm in Tokyo, Monday, Nov. 26, 2018. Asian shares were mostly higher Monday on hopes that U.S. President Donald Trump and his Chinese counterpart Xi Jinping will unwind a blistering trade dispute at a meeting this week. (AP Photo/Koji Sasahara) World markets were mostly higher […]

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