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The dollar and yen gained concurrently with tumbling global stocks and commodity prices. EUR-USD consequently dropped to a five-week low at 1.1737 ahead of the European open, subsequently rebounding to the 1.1800 area. USD-JPY printed a seven-week low at 104.68. EUR-JPY also clocked a fresh seven-we

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The United States' federal budget deficit rose above $3 trillion for the first eleven months of fiscal 2020 amid the massive increase in government spending to counter the negative impact of the coronavirus outbreak, the data published by the US Treasury Department showed on Friday. During the same

GT via tweet that "Chinese CDC chief biosafety expert" says the phase III clinical trial went very smoothly. Ordinary Chinese could take the COVID19 vaccine as early as November or December

The greenback pared intra-day gains made in Asia and European morning and ended mixed on Thursday due to a strong rebound in the single currency and as cable jumped in New York on renewed Brexit optimism after early selloff on Bank of England's dovish hold.      Reuters reported U.S. initial claims

Alistair Shultz, Chief Market Analyst, has a look at the BOE's monetary policy, the four scenarios for a Brexit free trade deal and the Bank of International Settlements ideas on the stimulus addiction with regard to the recent rallies in US equity markets.

Ireland's construction sector deteriorated for the first time in three months in August, data from the IHS Markit showed on Monday. The Ulster Bank construction Purchasing Managers' Index fell to 44.0 in August from 53.2 in July. Any reading below 50 indicates contraction in the sector. "Following t

Photo: Finance Magnates Earlier this week, the United States Conference of State Bank Supervisors (CSBS) announced that a new, standardized regime for money service businesses (MSBs) will be introduced across 48 states. At the moment, compliance procedures for MSBs are different from state to stat

Higher European and U.S. futures following news about resumption of final stage clinical trial of coronavirus vaccine by AstraZeneca point to a firm start for European stocks Monday morning. Oxford University announced on Saturday that it is resuming a trial for a coronavirus vaccine it is developin

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