The UK’s private sector returned to growth in July as the services sector rebounded after two months of contraction. The S&P Global UK Services PMI rose to 52.1 from 48.8 in June, while the Composite PMI climbed to 52.2 from 49.3, marking the first expansion in overall business activity since April. Higher consumer spending and […]
The post UK Services PMI Returns to Growth, but Record Job Losses Cast Shadow appeared first on ActionForex.
AUD/USD is rallying on improving risk sentiment and a softer Dollar, but the same falling oil prices driving that optimism are also weakening two of Australia’s own fundamental supports — explaining why the pair has Read more…
The Aussie and the Kiwi are telling two very different monetary policy stories right now, and the divergence is starting to show up clearly in the cross. The RBA held its cash rate at 4.35% Read more…
Following last week’s sharp decline, the US dollar has entered a consolidation phase against most major currencies. At the same time, some instruments, including USD/JPY, are showing a moderate recovery as markets await fresh macroeconomic Read more…