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  • US Dollar Index Softens as Jobless Claims Rise to Near 3-Month High

    The greenback retreated for a third consecutive session on Wednesday, ahead of the Thanksgiving holiday on Thursday. The Labor Department reported on Wednesday that initial jobless claims increased by 21,000 to a seasonally adjusted 313,000 for the week ended November 22. The figure missed analyst e


  • US Q3 GDP Beats Expectations, Strongest Consecutive Quarters of Since 2003

    The Commerce Department reported on Tuesday that it increased its estimate of third quarter US gross domestic product, the value of all goods and services produced, to a 3.9 percent annualized rate from the 3.5 percent rate reported in October. The figure beat analyst expectations of 3.3 percent by


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