Fx Primus Rebates

U.S. Third Quarter GDP Growth Downwardly Revised Slightly

Reflecting downward revisions to consumer spending and exports, the Commerce Department released a report on Friday showing slightly slower than previously estimated U.S. economic growth in the third quarter. The report said real gross domestic product surged up by 3.4 percent in the third quarter compared to the previously estimated 3.5 percent jump. The pace…

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Gold Futures Retreat From 6-month High, Settle Notably Lower

Gold prices drifted lower on Friday as the dollar gained in strength against most major currencies after equities declined with a government shutdown looming large. According to reports, U.S. President Donald Trump has vowed a “very long” government shutdown if Democrats do not fund his border wall. Trump is demanding $5.7 billion, which was passed…

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Loonie Drops After Canada Retail Sales, GDP Data

At 8:30 am ET Friday, Canada retail sales and gross domestic product data for October have been released. After these reports, the loonie fell against its major counterparts. The loonie was trading at 82.11 against the yen, 1.5462 against the euro, 0.9620 against the aussie and 1.3547 against the greenback around 8:35 am ET. The…

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Dollar Slightly Down After U.S. GDP Data

The U.S. GDP data for the third quarter, durable goods orders and personal income and spending data for November have been released at 8:30 am ET Friday. The greenback fell slightly against its major counterparts after these data. The greenback was trading at 111.22 against the yen, 1.1417 against the euro, 1.2657 against the pound…

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U.S. Consumer Sentiment Unexpectedly Improves In December

Revised data released by the University of Michigan on Friday unexpectedly showed an improvement in U.S. consumer sentiment in the month of December. The report said the consumer sentiment index for December was upwardly revised to 98.3 from a preliminary reading of 97.5. Economists had expected the index to be unrevised. With the unexpected upward…

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U.S. Personal Income Rises Less Than Expected In November

Personal income in the U.S. increased by slightly less than expected in the month of November, according to a report released by the Commerce Department on Friday, although the report also showed slightly stronger than expected personal spending growth. The Commerce Department said personal spending edged up by 0.2 percent in November after climbing by…

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Canadian Dollar Drops After Weak Canada Retail Sales, GDP Data

The Canadian dollar declined against its major counterparts in the European session on Friday, after data showed that Canadian retail sales and gross domestic product rose less than forecast for October. Data from Statistics Canada showed that GDP expanded 0.3 percent on a seasonally adjusted monthly basis in October following a 0.1 percent decrease in…