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The US economy added 339,000 jobs in May, and unemployment rose to 3.7%
Foreign currency
image 2 June، 2023

The report issued by the United States Bureau of Labor Statistics, moments ago, showed that 339,000 jobs were added in May, compared to the addition of 294,000 jobs in the revised April reading, to come better than market expectations, which indicated the creation of 190,000 jobs. On the other hand, the unemployment rate rose to 3.7% from 3.4%, higher than...

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The US private sector announces the addition of 278 thousand jobs in May
Foreign currency
image 1 June، 2023

 The US private sector added about 278,000 jobs in May, according to figures issued moments ago by the ADP, after adding about 291,000 jobs in April, while expectations were for the addition of 173,000 jobs, while the annual wage rate rose by 6.5% from 6.7%. In the details, the commodity production sector added about 110,000 jobs, as the construction sector...

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Inflation in the eurozone slowed to 6.1% in May
Foreign currency
image 1 June، 2023

 Estimates by Eurostat, or the European Union's statistical office, showed moments ago that annual inflation in the eurozone slowed down to 6.1% in May in a preliminary reading, compared to 7% in April's reading, which came below expectations that it would rise to 6.3%. In the details, prices in the energy sector fell at an annual pace of 1.7% in...

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Canadian GDP was unchanged in March
Foreign currency
image 31 May، 2023

 Canada's GDP remained unchanged in March at 0.05% after increasing by 0.1% in February, according to data released moments ago by Statistics Canada, better than expectations for a contraction of 0.1%. In the details, the growth in the service-producing industries sector was unchanged at 0.0%, while the commodity-producing industries decreased by 0.1%, and the growth in the accommodation and food...

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Inflation in Australia rose to 6.8% in April
Foreign currency
image 31 May، 2023

 Figures issued in the Asian session today, Wednesday, from the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, rose by 6.8% on an annual basis in April, compared to 6.3% in March, to come higher than expectations that indicated a rise to 6.4%. On the other hand, the index excluded from it...

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Currency Weekly Report
Foreign currency
image 29 May، 2023

The US dollar gained for the third week in a row Markets are awaiting US labor market numbers Higher expectations of monetary policy tightening from the Federal Reserve Is the US debt ceiling crisis over? Separate economic data After the meeting of the Reserve Bank of New Zealand, inflation figures from the United Kingdom, the US Federal Reserve report, and...

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The Fed’s preferred inflation indicator rose to 4.7% in April
Foreign currency
image 26 May، 2023

Data released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $1.80 billion in April, or 0.4%. The PCE personal consumption expenditures index, the preferred indicator for measuring inflation for the US Federal Reserve, rose by 0.4% on a monthly basis. On the other hand, the main excluded index rose. of food...

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Retail sales are rising in the UK
Foreign currency
image 26 May، 2023

Retail sales in the UK increased by 0.5% in April, compared to a decline of 1.2% in March, revised from 0.9%, while it was expected to rise by 0.3%. In the details, sales volumes in food stores increased by about 0.7% in April, after a decrease of 0.8% in March, while non-food stores increased by about 1%, after a decrease...

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The US economy grew by 1.3% in the first quarter
Foreign currency
image 25 May، 2023

The gross domestic product of the United States of America grew in the first quarter of this year, ending in March, in the second reading, according to the report of the Bureau of Economic Analysis, issued just before, by 1.3%, compared to 1.1% in the first reading, and compared to a growth of about 2.6% in the fourth quarter of...

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The German economy is entering recession and the euro is at its lowest level in two months
Foreign currency
image 25 May، 2023

Germany's gross domestic product, the largest economy in the eurozone, recorded a decline of 0.3% in the first quarter of this year, according to figures from the Federal Bureau of Statistics Destatis, to enter a stage of technical recession after a decline of 0.5% in the fourth quarter of last year. In the details, the household consumption expenditure index decreased...

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