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U.S. Business Inventories Growth Matches Expectations In May

username July 16, 2018 No Comments forex news

Partly reflecting a notable increase in wholesale inventories, the Commerce Department released a report on Monday showing business inventories in the U.S. rose in line with economist estimates in the month of May. The Commerce Department said business inventories climbed by 0.4 percent in May after rising by 0.3 percent in April. The increase in […]

U.S. Dollar Falls After Soft China Data; Powell’s Testimony Awaited

username July 16, 2018 No Comments forex news

The U.S. dollar slipped against its major counterparts in the European session on Monday, as China’s economy expanded at a slower pace in the second quarter and investors awaited Fed Chair Jerome Powell’s congressional testimony due this week for more clues about monetary policy outlook. Data from the National Bureau of Statistics showed that gross […]

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