* Euro rises to 1-month high vs dollar. * Sterling reaches a fresh 3-week high. * Scandi currencies touch 1-month highs. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Olga Cotaga. July 9 - The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.
German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus, data published on Thursday showed. Seasonally adjusted exports surged by 9% on the month after diving by 24% in April, remaining almost 27% lower than their pre-crisis level in February, the Federal Statistics office said.
Britain is facing a significant recession but it is too early to tell how quickly the economy will be able to recover, British finance minister Rishi Sunak said on Thursday. Asked about the outlook for the economy, Sunak said: "It's too early to tell... we won't know the exact shape of recovery for a little while." "I am absolutely anxious about the state of the economy.
German exports rebounded in May, albeit less than expected, as demand warmed up amid an easing of restrictions to contain the coronavirus. German exports rose 9.0% in May from April in adjusted terms, statistics office Destatis said Thursday. Economists had forecast a 13.5% increase in exports in adjusted terms, according to a Dow Jones Newswires poll.
German exports rebounded in May on higher demand spurred by the lifting of lockdown measures that had been introduced to contain the spread of the coronavirus, the Federal Statistics Office said on Thursday. Seasonally adjusted exports surged by 9% on the month after diving by 24% in April. Economists polled by Reuters had expected exports and imports to rise by 13.8% and 12% respectively.
Egypt's annual urban consumer price inflation increased to 5.6% in June from 4.7% in May, state statistics agency CAPMAS said on Thursday. Month-on-month headline inflation stood at 0.1% in June, from 0% in May, the agency said.
Japan's machine tool orders in June slumped 32.0% compared with a year earlier, a preliminary estimate from the Japan Machine Tool Builders' Association showed on Thursday. Compared with a month earlier, machine tool orders rose 31.2%, the data showed.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Dollar falls as focus shifts to economic recovery. * Yuan gains yet again on bets for Chinese growth. * Coronavirus remains a risk to sentiment. By Stanley White.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Dollar edges lower as investors focus on economic recovery. * Coronavirus remains a risk to markets. * Traders avoid big positions before summer holidays. By Stanley White.
BEIJING--The decline in China's factory-gate prices moderated in June as global commodities prices recovered and the domestic manufacturing sector returned to normal, driving demand for industrial goods, the nation's statistics bureau said Thursday. The producer-price index dropped 3.0% in June from a year earlier, improving from a 3.7% decline in May, the National Bureau of Statistics said. Economists polled by The Wall Street Journal expected the industrial-price...
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