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Trump says market would ‘crash’ if he were impeached

Donald Trump said that the country’s economy would crash if he is impeached as the President of United States.

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August 23, 2018


US created 200,000 new jobs in January

Washington: US job creation accelerated in January, as labor markets continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government reported Friday. The world’s largest economy added 200,000 net new positions in the month, more than expected, driven by gains in construction, retail, restaurants and…

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February 2, 2018


IMF cuts US growth forecast to 2.1% for 2017-2018

The lack of details on President Donald Trump’s plans to reform the US economy prompted the International Monetary Fund on Tuesday to cut its growth forecast for this year and next. The IMF in January raised the estimates on the expectation of fiscal stimulus from the Trump administration, but have reverted back to the previous…

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June 27, 2017


Stocks, dollar rise; investors eye earnings

NEW YORK: Stocks rallied on Tuesday as investors looked past U.S. President Donald Trump’s protectionist rhetoric and focused on encouraging economic data and quarterly earnings reports.

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January 25, 2017


Dollar holds gains after strong data; euro rises

NEW YORK: The dollar rose on Thursday against a basket of currencies even though it fell against the euro, as solid labor and housing data backed the case for strong U.S. economic growth.

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January 20, 2017


Dollar at nine-month high on bets for Fed hike, Clinton victory

LONDON:┬áThe dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise U.S. interest rates this year and that Donald Trump will not become the U.S. president. After three straight weeks of gains, the dollar index – which tracks the greenback against a basket of…

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October 24, 2016


Dollar steps back from seven-month high

TOKYO: The dollar stepped back from seven-month high against an index of currencies on Wednesday after U.S. consumer prices showed underlying inflation moderated slightly, prompting markets to trim bets on a December Federal Reserve rate hike.

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October 19, 2016


Asia stocks bounce, dollar dips on Fed hike doubts

SYDNEY: Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike rates as soon as September undermined the dollar, while investors continued to count on more policy stimulus elsewhere in the world.

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August 30, 2016


Dollar nurses losses vs euro after Fed minutes quash hawks’ hopes

WASHINGTON: The dollar wallowed close to eight-week lows against the euro in Asian trade on Friday, poised for weekly losses, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry to hike rates.

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August 19, 2016


Dollar extends gains after Fed’s historic rate hike

TOKYO: The dollar extended its gains in Asia on Thursday after the US Federal Reserve’s landmark decision to lift interest rates for the first time in nearly a decade. The decision ended months of market uncertainty and reflected the central bank’s growing confidence in the world’s top economy. “This action marks the end of an…

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December 17, 2015