Is China’s economic recovery going into reverse? After April’s monthly indicators showed slower-than-expected growth, May’s official Purchasing Managers’ Indexes (PMIs,...
June 1 (Reuters) - The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting.The euro recovered from a two-month low on Thursday after European Central Bank (ECB) President Christine Lagarde said further policy tightening was necessary.The dollar index , which measures the currency against a basket of six peers, fell 0.547% at 103.580, off a two-month high of...
Single-family homes sales increase 4.1% in AprilMedian new house price falls 8.2% year-on-yearBusiness activity rises to 13-month high in MayWASHINGTON,...