On Tuesday afternoon, the US dollar accelerated its growth in pairs with the euro, pound and yen amid increased demand for defensive assets and sales in global equity and bond markets.The ICE dollar index (DXY), which tracks the dynamics of the US currency against a basket of six currencies, rose by 0.57%, the highest in the last month.Investors are hedging risks due to concerns about the deteriorating budget situation in the UK, where the authorities may cut spending or raise taxes. An addition... Read More
China’s service sector rose at the quickest pace in July quarter due to pick-up in demand according ... Read More
Household spending rose in August at the fastest annual rate in three years due to higher... Read More
The US services sector grew to a 21-year high in September, supporting employment of most companies... Read More
German services growth reached an 8-month high in September based on the survey on Wednesday which... Read More
The central bank of Australia has been going steady for the 26 consecutive months on Tuesday,... Read More
The manufacturing activity of Japan grew steadily in September based on the revised survey on... Read More