US economy »

  • H.S. Borji
    Forex » US Dollar Rebounds as GDP Accelerates
    H.S. Borji - August 28, 2014, 17:58 GMT

    The US dollar rebounded against a basket of currencies Thursday, as the US economy accelerated faster than initially expected in the second quarter, while pending home sales rebounded sharply last month. The US dollar index, a weighted average of the greenback’s performance against six major peers, rose 0.12 percent to 82.53. The index, which is

  • H.S. Borji

    US industrial production advanced faster than forecast in July, as manufacturing output rose at the fastest pace since February, adding to the view factory output was helping to spark recovery at the beginning of the third quarter. Total industrial production advanced at a pace of 0.4 percent in July, following an upwardly revised gain of

  • H.S. Borji

    US wholesale inventories advanced at a slower rate than forecast in June and were downwardly revised in May, which could dampen the government’s revised estimate of second quarter growth. Wholesale inventories rose 0.3 percent to $533.5 billion, following a downwardly revised gain of 0.3 percent the previous month, the Commerce Department reported today in Washington.

  • H.S. Borji
    Business » US Factory Orders Rebound in June
    H.S. Borji - August 5, 2014, 17:07 GMT

    New orders for US factory goods rebounded faster than forecast in June, a sign manufacturing activity was expanding rapidly at the end of the second quarter. US factory orders increased 1.1 percent in June, following a decline of 0.5 percent the previous month, the Commerce Department reported today in Washington. A broad consensus of economists

  • H.S. Borji

    The US dollar declined against a basket of currencies Friday, as mixed employment data pointed to persistent slack in the labour market that could give the Federal Reserve the impetus to keep interest rates near zero for a longer period. The US dollar index, a weighted average of the dollar’s performance against six commonly traded

  • David Becker

    The FOMC cut its bond purchase program by an expected $10 billion and there were no major surprises in the statement. The Fed still sees rates staying low for a “considerable time” after their bond purchase program ends, though Philly Federal Reserve bank President Plosser objected to this inclusion. The Committee said growth in the

  • H.S. Borji

    The Federal Reserve announced today it plans to reduce the pace of bond purchasing by another $10 billion, as the central bank continues to roll back record stimulus in measured steps leading to its full elimination in October. “The Committee currently judges that there is sufficient underlying strength in the broader economy to support ongoing

  • H.S. Borji

    The US dollar advanced for the seventh time in eight days Wednesday amid signs the US economy accelerated at a faster pace in the second quarter, while job creation in July surpassed the 200,000 mark. The US dollar index, a weighted average of the greenback’s performance against six of its major rivals, increased 0.33 percent

  • David Becker

    Today investors will need to absorb an announcement from the FEd following the FOMC’s meeting. Despite Wednesday’s better than expected Advance Q2 GDP report, there should not be any surprises or significant changes in policy. The data is too fresh to make much difference for policymakers, but it will give the hawks on the Committee

  • H.S. Borji

    The Canadian dollar fell to fresh lows Wednesday, as a bullish US dollar asserted its dominance ahead of a key monetary policy statement from the Federal Open Market Committee. The loonie, as Canada’s currency is called, declined 0.41 percent to 0.9179 US, its lowest level since June 11. The loonie is eyeing new lows, as

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