Western Union:The dollar pared session losses after U.S. growth fared a little better than expected. The world's top economy shrank 0.7 percent annually in the first quarter which was a notch better than forecasts of -0.…
The dollar pared session losses after U.S. growth fared a little better than expected. The world's top economy shrank 0.7 percent annually in the first quarter which was a notch better than forecasts of -0.8 percent.
Weather related factors were partly behind the economy's underwhelming performance. What matters most for markets is the perceived road ahead for the U.S. economy rather than the look in the rear-view mirror.
The U.S. economy already appears in better shape following news this week of healthy business spending and an uptick in consumer confidence. The dollar faces a huge initial week of June with America's influential jobs report due Friday and forecast to show an increase of 227,000 a few thousand more than last time.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
