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U.S. Durable Goods Orders Surge by 9.9% in July 2024: What This Means for the Economy
The United States witnessed a significant surge in durable goods orders in July 2024, marking a pivotal moment in the manufacturing sector. According to an advance report from the U.S. Census Bureau, new orders for manufactured durable goods skyrocketed by 9.9% compared to June, reaching a total of $289.6 billion. This unexpected growth provides a…
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Economic Performance in Q2 2024: A Slight Decline in Germany’s GDP
Germany’s economic performance in the second quarter of 2024 saw a slight downturn, marking a -0.1% change from the previous quarter after adjustments for price, seasonal, and calendar variations. This period reflects a delicate balancing act between various economic forces, with some sectors showing resilience while others faced notable challenges. Quarterly GDP Performance: A Minor…
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Dollar Dips Against Yen and Sterling: Market Reactions to Fed’s Dovish Shift
The Dollar Weakens: Key Events and Market Reactions Yen Strengthens Against the Dollar On Monday, the yen surged to a three-week high against the dollar, with the USD/JPY pair hitting 143.56 yen, marking a significant drop of 0.59% from its previous levels. By the end of the day, the dollar recovered slightly, trading down 0.25%.…
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