Forex News
TSX Loses For 3rd Straight Day, Ends At More Than 3-month Low
The Canadian market ended weak on Monday, losing for a third straight day, as uncertainty about the outlook for U.S. interest rates, and lower metal prices weighed on sentiment.
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141 days ago
U.S. Dollar Lower Against Majors
The U.S. dollar weakened against its major counterparts in the New York session on Monday, as investors awaited central bank decisions and comments from Federal Reserve officials for clues about the central bank's likely monetary policy moves.
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141 days ago
Swiss Market Ends Lower Again
The Switzerland market briefly advanced to positive territory after a weak start Monday morning, but retreated swiftly and spent the rest of the day's session in the red as investors stayed wary of picking up stocks amid a lack of significant triggers.
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141 days ago
European Stocks Close Mixed After Choppy Session
European stocks closed on a somewhat mixed note on Monday after a choppy ride as investors tracked the developments on the political front, and awaited interest rate decisions from the Bank of England and the Swiss National Bank, and more economic data for clues about global economic growth.
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141 days ago
Canadian Market Notably Lower On Widespread Selling
The Canadian market is down firmly in negative territory a little past noon on Monday with stocks from several sectors recording sharp losses due to sustained selling pressure as investors await fresh economic data for clues about the outlook for Fed interest rates.
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141 days ago
Euro Advances After Far-right Leader Le Pen's Remarks
The euro was higher against its major counterparts in the New York session on Monday, as promising comments from far-right leader Marine Le Pen helped restore calm in financial markets.
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141 days ago
Dollar Gains After A Hawkish FOMC
A hawkish Fed that scaled back rate cut expectations boosted the U.S. dollar during the week ended June 14. The dollar also benefitted from weakness in the euro beset by political uncertainty in France and the yen's prospects hurt by a dovish monetary policy update from the Bank of Japan.
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142 days ago
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New York Manufacturing Index Indicates Notably Slower Contraction In June
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a negative reading still indicates contraction.
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142 days ago
Aerovate Says Phase 2b Portion Of Trial Of AV-101 Fails To Meet Primary And Secondary Endpoints
Biopharmaceutical company Aerovate Therapeutics, Inc. (AVTE) announced Monday topline results from the Phase 2b portion of the Inhaled iMatinib Pulmonary Arterial Hypertension Clinical Trial (IMPAHCT), a Phase 2b/Phase 3, randomized, double-blind, placebo-controlled, multi-national trial of AV-101.
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142 days ago
Beyond Eliminates Co-Chief Executive Roles And Dual Chief Merchant Roles Amid Structural Changes
Beyond, Inc. (BYON), owner of Overstock, Bed Bath & Beyond and Zulily, announced Monday structural changes to its leadership team and broader organization which are laser focused on driving efficiencies.
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142 days ago
Eurozone Labor Cost Growth Exceeds Expectations
The euro area hourly labor cost growth accelerated more than expected in the first quarter, which aligns with trends revealed by other indicators and the European Central Bank's view that wage pressures are set to remain elevated for some time before entering a downward trajectory next year. Hourly labor cost grew at a faster pace of 5.1 percent on a yearly basis.
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142 days ago
Dycom Industries Promotes COO Daniel Peyovich To Succeed Steven Nielsen As CEO
Dycom Industries, Inc. (DY) announced Monday that Chief Executive Officer Steven Nielsen will retire on November 30, 2024 after 25 years of service. The company has named Executive Vice President and Chief Operating Officer Daniel Peyovich to succeed Nielsen upon his retirement.
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142 days ago
New York Manufacturing Index Rebounds More Than Expected But Remains Negative
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday.
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142 days ago
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