US Construction Spending Falls more than Expected in July

WASHINGTON, Sept 3 Reuters U.S. construction spending fell more than expected in July as higher mortgages and increased supply weighed on singlefamily homebuilding. The Commerce Department39;s Census Bureau said on Tuesday that construction spending dropped 0.3 after being unchanged in June. Economists polled by Reuters had forecast construction spending dipping 0.1. Construction spending increased 6.7 […]
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Indian Shares Hover near Record Highs ahead of US Data

BENGALURU, Sept 3 Reuters Indian shares steadied near record highs on Tuesday, ahead of a raft of data that may determine how deeply the U.S. will cut interest rates later this month. The Nifty 50 index was largely unchanged at 25,259.3 points, while the SP BSE Sensex dipped 0.1 to 82,490.79. The bluechip Nifty 50 gained 4.7 […]
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Gold Eases as Traders Wait for US Economic Data

US dollar holds close to twoweek high Gold could scale 2,640 this year analyst Platinum, palladium down 1 Sept 3 Reuters Gold prices eased on Tuesday, while investors awaited a slew of U.S. economic data to gauge the size of the Federal Reserve39;s expected interest rate cut this month. Spot gold fell 0.2 at 2,495.50 […]
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Sterling Eases after Scorching August Rally

LONDON, Sept 3 Reuters The pound eased on Tuesday, edging lower against both the dollar and the euro, as investors booked some profit on sterling39;s largest monthly rally in 10 months ahead of a key read of the U.S. jobs market later this week. Data on Tuesday showed summery weather in August helped boost UK […]
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Rupees Decline Capped by Central Banks Recent Behaviour

MUMBAI, Sept 3 Reuters The Indian rupee declined on Tuesday, tracking weak Asian peers, but the central bank39;s repeated intervention at current levels in the recent past meant that the losses were fairly limited. The rupee was at 83.9475 to the U.S. dollar at 1102 a.m. IST, down from 83.9175 in the previous session. Asian […]
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South African Rand Weakens ahead of Q2 GDP Data

JOHANNESBURG, Sept 3 Reuters The South African rand was weaker in early trade on Tuesday, ahead of the release of second quarter gross domestic product GDP data. At 0659 GMT, the rand traded at 17.8875 against the dollar , about 0.4 softer than its previous close. Statistics South Africa is set to release the country39;s […]
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