Category Archives: Forex analysis review

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U.S. Dollar Roughly Flat After Seeing Early Strength

After seeing early strength, the value of the U.S. dollar has given back ground over the course of trading on Wednesday. The dollar index indicating the value of the greenback relative to a basket of foreign currencies is marginally higher at 96.69 after reaching a high of 96.98, its highest intraday level in over a […]

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U.S. Business Inventories Inch Up In Line With Estimates In June

A report released by the Commerce Department on Wednesday showed a modest uptick in U.S. business inventories in the month of June. The Commerce Department said business inventories crept up by 0.1 percent in June after rising by a downwardly revised 0.3 percent in May. Economists had expected inventories to inch up by 0.1 percent […]

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U.S. Industrial Production Inches Slightly Higher In July

After reporting a rebound in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing production edged slightly higher in the month of July. The Fed said industrial production inched up by 0.1 percent in July after jumping by an upwardly revised 1.0 percent in June. Economists had expected […]

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New York Manufacturing Activity Unexpectedly Grows At Faster Rate

New York manufacturing activity remained robust in the month of August, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index climbed to 25.6 in August from 22.6 in July, with a positive reading indicating growth in the manufacturing sector. […]

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New York Manufacturing Index Unexpectedly Increases In August

New York manufacturing activity remained robust in the month of August, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index climbed to 25.6 in August from 22.6 in July, with a positive reading indicating growth in the manufacturing sector. […]

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Latvia Unemployment Rate Eases In Q2

Latvia’s jobless rate dropped in the second quarter, after rising in the previous three months, figures from the statistical office showed Wednesday. The unemployment rate fell to 7.7 percent from 8.2 percent in the first quarter. The figure was 8.1 percent in the fourth quarter of last year. A year ago, the rate was 8.9 […]

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Turkish Lira Climbs To 5-day High Against U.S. Dollar

The Turkish lira rallied against the U.S. dollar in the European session on Wednesday, as Turkey imposed additional tariffs on US imports to retaliate against the U.S. government’s “deliberate attacks” on the Turkish economy. Turkey doubled tariffs on some U.S. imports including cars, alcohol and tobacco and the country’s banking regulator halved the limit on […]