Dollar weakens further in Asia ahead of US inflation data

The dollar was softer in Asia trading ahead of a release of US inflation data later in the day, pushing the yen to a 15-month high, according to FT report. The yen was up as 0.6 percent against the greenback at ¥107.19, having earlier broke the ¥107 marker for the first time since November 2016. […]

US jobless claims drop beating forecasts

The number of Americans filing for unemployment benefits dropped by nine thousand to 221 thousand in the week ended February 3rd, 2018, well below market expectations of 232 thousand. It is the lowest value in three weeks. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The […]

Why are gun sales falling?

January gun sales slumped in comparison to past years, according to new data from the FBI’s National Instant Criminal Background Check System. The government doesn’t keep an exact count of firearms sold, but the system can be used as a proxy for sales and is considered an indicator for the industry. According to data kept […]

US jobs report beats forecasts as private sector creates more jobs than expected

America’s private sector created many more jobs than expected last month, in the latest sign that the US economy is robust. US companies hired 250,000 new workers in December, according to payroll firm ADP. That’s the biggest monthly increase since March, Economists had only expected an increase of 190,000; this suggests that tomorrow’s non-farm payroll […]

Canada’s economy in Oct. unexpectedly stalls as oil production drops

Canada’s economy unexpectedly stalled in October on a decline in oil output, a disappointing kickoff to the final quarter of 2017. Gross domestic product was unchanged from September, Statistics Canada reported Friday in Ottawa, weighed down by a 3.5 percent drop in production by oil sands companies. Economists surveyed by Bloomberg News had forecast a […]

US economy grows 3.2% rate in third quarter

The U.S. economy grew at a 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three years. The Commerce Department says the third quarter growth was revised down slightly from last month’s estimate of 3.3 percent. The […]