Primarily reflecting a jump in the value of imports, the Commerce Department released a report on Wednesday showing that the U.S. trade deficit widened by more than expected in the month of May. The report said the trade deficit widened to $41.1 billion in May from $37.4 billion in April. more...
New orders for U.S. manufactured goods pulled back in line with estimates in the month of May, the Commerce Department revealed in a report released on Tuesday. The report said factory orders fell by 1.0 percent in May following a 1.8 percent jump in April. more...
The manufacturing sector in China contracted for the 16th straight month in June, the latest survey from Caixin revealed on Friday with a manufacturing PMI score of 48.6. more...
Trading the News: Canada Retail Sales A 0.8% rebound in Canada Retail Sales may heighten the appeal of the loonie and spark a near-term decline in USD/CAD as it boosts the outlook for growth and inflation. What’s Expected: Why Is This Event Important: The Bank of Canada (BoC) may largely endorse a wait-and-see approach throughout the remainder of the year as Governor Stephen Poloz turns upbeat ...
The members of the Reserve Bank of Australia's monetary policy board said that low inflation allowed them to keep the nation's benchmark lending rate steady at a record low, minutes from the bank's June meeting revealed on Tuesday. more...
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