Economic News Category

NZD/USD stays directed towards 0.6710 supports after softer China data, US NFP eyed NZD/USD remained bearish near the intraday low of 0.6786 since the Chinese Caixin PMI released early on Friday. At the same time, the kiwi pair reflects disappointing market sentiment and also responds to soft data ahead of key data on US non-farm

Post-sell stock futures rally triggered by Omicron for the first time in the US U.S. stock index futures moved slightly higher in trading Wednesday night after the CDC confirmed the first known case of an Omicron variant in the United States, lowering the stock price. 4,444 contracts, which are tied with the Dow Jones Industrial

Haven currency falls on omicron concerns As Asian traders eased concerns about the Omicron variant, risky currencies against the dollar on Wednesday rebounded from recent lows, and safe havens like the yen fell against the dollar. The Chinese yuan, an indicator of turbulent daily resilience, reached a six-month high of $ 6.3596 in the afterglow

Former US Treasury Secretary – Tariff cuts from the US and China will lower US inflation Former Treasury Secretary Jacob Liu told reputed news firm on Tuesday that lifting tariffs on goods during the worst trade war would help reduce US inflation.  However, he now tells that “there is no political space for him.”  “I

Retail sales in Japan rose 0.9% in three months in October Japan’s October retail sales were lower than expected but increased for the first time in three months, and underlying private consumption trends indicate pressures on a fragile economic recovery continue despite easing restrictions on COVID-19. Key Points: October retail sales increased 0.9% y/y against