The US Dollar was lower versus the Japanese yen and Euro during London trade on Thursday as FX traders await today’s release of US unemployment benefit claims. Analysts believe that the numbers to be released will have increased exponentially as US businesses lay off their workers due to the Coronavirus […]
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France’s Economic Activity is 65% of Usual Levels – 26 March 2020
According to the French official statistics agency (INSEE), economic activity and household spending in France is currently at about 65 percent of the usual activity levels due to the coronavirus epidemic. Regarding the future, they foresee a reduction of economic activity by 12 percentage points this quarter and a yearly […]
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Data Shows UK Economic Decline Began Before Corona Spread – 26 March 2020
Data out in the United Kingdom on Thursday showed that British retail sales did not grow at all in February, ending the month with the weakest performance since 2013. The decline in sales came even before the novel coronavirus forced business shutdowns which further battered the region’s economy. After sales […]
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Forex Today: How Will the US Stock Market Move? – 26 March 2020
Catch up on the Forex market and global news with our recap for March 26, 2020 here. – The global coronavirus pandemic continues to increase exponentially from its epicenter in Europe and the U.S.A, with more and more countries imposing severe restrictions which are causing very significant economic damage. A […]