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U.S. Consumer Credit Jumps More Than Expected In August

Consumer credit in the U.S. jumped by much more than expected in the month of August, according to a report released by the Federal Reserve on Friday. The Fed said consumer credit surged up by $20.1 billion in August after climbing by $16.6 billion in July. Economists had expected consumer credit to increase by $15.0…

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Gold Settles Higher As Dollar Eases After Jobs Data

Gold prices edged higher on Friday, bouncing back after two successive days of losses, as the dollar weakened a bit after data showed the U.S. economy saw a much less than expected addition in employment in September. Data released by the U.S. Labor Department revealed that non-farm payroll employment climbed by 134,000 jobs in September,…

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Dollar Losing Ground After Employment Growth Disappoints

The dollar is down against its major rivals Friday afternoon, following the release of the mixed September jobs report. Employment in the U.S. rose by much less than expected in the month of September, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment climbed by 134,000…

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China Services PMI On Tap For Monday

China will on Monday see September results for the services and composite PMIs from Caixin, highlighting a light day for Asia-Pacific economic activity. Both indexes are expected to hold steady from the August readings, at 51.5 and 52.0, respectively. Australia will see September figures for job advertisements from ANZ; in August, job ads fell 0.6…

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Dollar Higher As U.S. Jobless Rate Hits 49-year Low

The U.S. dollar climbed against its most major opponents in the European session on Friday, trimming its recent losses, as the U.S. jobs data showed that the jobless rate fell to a 49-year low in September. Data from the Labor Department showed that the unemployment rate fell to 3.7 percent in September from 3.9 percent…

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U.S. Trade Deficit Widens As Imports Climb And Exports Fall

Reflecting an increase in imports and a decrease in exports, the Commerce Department released a report on Friday showed the U.S. trade deficit widened in the month of August. The Commerce Department said the trade deficit widened to $53.2 billion in August from a revised $50.0 billion in July. Economists had expected the trade deficit…