Source: US Census Bureau New orders of US-made goods continued to grow in September, albeit at a slower pace as expansion slowed to a five-month low. New orders for manufactured goods climbed by 0.2% or $1.3 billion to $515 billion, slower than the 1.0% increase in August to $514.6 billion. The latest reading is the slowest growth since the contraction recorded in … [Read more...] about Growth of New Orders of US-Made Goods Slips to Five-Month Low in September
Forex News
American Business Activity Climbs to 3-Month High on New Business, Bigger Inflows
Source: IHS Markit American business activity accelerated to the highest level in three months in October, driven by new business and bigger new order inflows during the month. The seasonally adjusted final IHS Markit US Services PMI Business Activity climbed to 58.7 in October, the fastest since July.The latest reading compares with 54.9 in September and the earlier … [Read more...] about American Business Activity Climbs to 3-Month High on New Business, Bigger Inflows
Chinese Digital Yuan Gets Early Traction as Transactions Hit $9.7 Billion
Source: Reuters Chinese central bank official Mu Changchun says about 62 billion yuan or $9.7 billion worth of transactions have been conducted via the country’s digital yuan “wallet.” USDCNY is up +0.07%. Around 140 million people have reportedly opened “wallets” for the digital Yuan, despite the country having no official date for the launch of the digital currency.Mu … [Read more...] about Chinese Digital Yuan Gets Early Traction as Transactions Hit $9.7 Billion
Private Sector Employment Growth Hits Four-Month High in October
Source: ADP Private sector employment in the United States grew by a four-month high in October, driven mainly by services amid the winding down of the COVID-19 delta wave. Private sector employment grew by 571,000 jobs in October, higher than the 523,000 jobs in September and the 422,000 recorded a year ago.The latest reading is the highest in four months since private … [Read more...] about Private Sector Employment Growth Hits Four-Month High in October
EU, Euro Area Unemployment Continue Decline in September
Source: Eurostat Unemployment in both the Eurozone and the European Union continued to decline in September, according to the latest data released by the statistical office. IEUR is flat premarket. The Euro area seasonally-adjusted unemployment rate stood at 7.4%, down from 7.5% the previous month, and 8.6% a year ago.The unemployment rate in the European Union was 6.7%, … [Read more...] about EU, Euro Area Unemployment Continue Decline in September
