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  • Forex » AUD/USD Weakens on Improved US Outlook
    May 28, 2014, 15:58 GMT

    The Australian dollar declined sharply against a stronger greenback amid signs the US economy was regaining momentum at the start of the second quarter. The AUDUSD pair declined 0.35 percent to 0.9226, as investors continued to absorb the flurry of US data from the prior session. The pair now finds support at 0.9222. On the

  • H.S. Borji

    The US service economy accelerated at a faster rate in April, with overall activity rising at the fastest rate since early 2008. The Institute for Supply Management’s gauge of national service activity rose from 53.1 to 55.2. A median estimate of market analysts called for a gain of 1 percentage point. The US service economy

  • The US manufacturing industry continued to improve in April, as output and new orders rose at a sharper pace and employment increased for the tenth consecutive month. Markit Group’s gauge of US manufacturing activity eased from 55.5 to 55.4 in April, after easing 1.6 percentage points the previous month. Economists forecast a reading of 56.

  • Private sector US employers added 130,000 payrolls in October, the lowest since April, according to the ADP Institute. Job growth was well below the 12-month average, after the 16-day government shutdown slowed the pace of economic recovery. Job creation was led by large enterprises, which were responsible for more than half of new payrolls. Job