Tag Archives: business news

fresh economic data in focus

As concerns surrounding the future of Turkey’s economy and the U.S.’ trade ties with major economies continue to rattle investors, Wednesday will mark the day when a slew of economic data is due. At 7 a.m. ET, the routine weekly mortgage applications are due, followed by retail sales, the Empire State Manufacturing survey, and productivity & costs, which are all

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Dollar hovers near 13-month peak on concerns over Turkey

The dollar held firm near a 13-month high against a basket of major currencies on Wednesday after safe-haven demand on fears over fallout from the Turkish lira’s recent drop boosted the U.S. currency. The greenback’s strength was bolstered by the euro’s fall, which has been dogged by concerns over the exposure of European banks to financial turmoil in… Source link

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