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Taiwan Exports Rise Modestly In September

Taiwan’s exports rose moderately in September, while imports surged, leading to a reduction in the trade surplus, preliminary data from the Ministry of Finance showed on Monday. Exports grew 2.6 percent year-on-year and imports grew 13.9 percent. The trade surplus decreased by 35 percent from a year ago to US$4.33 billion. Among the leading export…

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U.S. Dollar Higher On Fed Rate Hike Prospectus

The U.S. dollar firmed against its most major rivals in the European session on Monday, as the U.S. 10-year treasury yield remained near 7-year highs following a recent run of strong U.S. economic data that bolstered prospect of further rate hikes by the Federal Reserve. Yields on U.S. 10-year treasury bonds hit a seven-year peak…

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Euro Slips Against Most Majors

The European currency declined against its most major counterparts in early European deals on Monday. The euro fell to 130.10 against the yen, lowest since September 17. The single currency dropped to 4-day lows of 1.1476 against the greenback and 1.1387 versus the franc, from its early highs of 1.1530 and 1.1441, respectively. The common…

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Serbia CB Holds Key Rate Unchanged Sixth Time

Serbia’s central bank held its key interest rate steady in October for a sixth consecutive policy session. The Executive Board voted to keep the key policy rate on hold, at 3 percent, the National Bank of Serbia said in a statement. The rate was reduced by a quarter-point each in both March and April. The…

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Eurozone Sentix Investor Confidence Weakens In October

Eurozone investor confidence weakened in October largely due to uncertainties about the fiscal policy stance in Italy and the automobile industry in Germany, survey data from think tank Sentix showed Monday. The investor sentiment index fell more-than-expected to 11.4 in October from 12.0 in September. The expected reading was 11.8. The current situation index came…

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German Industrial Output Declines Unexpectedly

Germany’s industrial production declined unexpectedly in August on a notable weakness in construction, suggesting that the economy lost some momentum in the third quarter. Data from Destatis showed that industrial output slid 0.3 percent from July, confounding expectations for an increase of 0.5 percent. This was the third consecutive decline in output. Production had decreased…

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Ireland's Construction Growth At 11-Month Low

Ireland’s construction activity expanded strongly in September but the pace of growth eased to an 11-month low, survey results from IHS Markit showed Monday. The Ulster Bank Construction Purchasing Managers’ Index dropped to 56.2 in September from 58.3 in August. Nonetheless, a score above 50 indicates expansion in the sector. Activity has risen continuously on…