Dollar firm after retail sales jump fans recovery hopes

first_imgThe dollar held firm against many of its rivals on Wednesday after US retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia.Federal Reserve chairman Jerome Powell also doused some of the rosy expectations on Tuesday, as he painted a rather bleak picture of the US economy.The dollar index stood at 97.003, having risen about 0.4 percent on Tuesday. North Korea on Tuesday blew up a joint liaison office set up in a border town in 2018 to foster better ties with South Korea, while India’s army said 20 of its soldiers had been killed in clashes with Chinese troops at a disputed border site in the western Himalayas.Against the yen, the dollar was little changed at 107.39 yen, stuck in a narrow range so far this week.Tuesday’s data showed US retail sales jumping 17.7 percent last month, outstripping economists’ median forecast of 8.0 percent increase.The surge in retail sales last month recouped 63 percent of March and April’s decreases, raising hopes of a quick recovery in the consumption, the driver of the US economy.Still, Fed chairman Powell had a word of caution in his testimony at Congress, saying a full US economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control.That still remains far from certain, with new coronavirus infections hitting record highs in six US states, including populous Texas and Florida, on Tuesday.Topics : The euro traded at US$1.12635, having lost 0.5 percent on Tuesday and in consolidation after hitting a three-month high of $1.14225 a week ago.The Australian dollar eased off 0.4 percent to $0.6861, slipping further from Tuesday’s high of $0.6977.“In Asia, there is a bit of risk-off mood following a renewed outbreak of coronavirus in Beijing and also some geopolitical tensions in the region,” said Kyosuke Suzuki, director of currencies at Societe Generale.China sharply ramped up restrictions on people leaving the capital on Tuesday in an effort to stop the most serious coronavirus flare-up since February from spreading to other cities and provinces.last_img read more

Riverhounds and Orlando City Lions finish in a scoreless draw at Highmark Stadium

first_imgThe Lions opened the game with high pressure and maintained possession inside the Riverhounds defensive third for the first ten minutes of play.  The Lions played into their target striker, CJ Sapong, Major League Soccer’s Rookie of the Year in 2011, who held the ball and linked up with the Lions midfielders.Withstanding the early pressure from the Lions, the Riverhounds would begin to threaten the Lions in the 17th minute.  Center back, Andrew Marshall played a ball down the left flank for Darren Amoo.  Out-pacing his marker to the end line, Amoo played a ball back towards the penalty spot for his trailing counterpart, Jose Angulo.  As the ball squirted through the scrum, Angulo took a first-time shot with his right foot that sailed just over the crossbar.The Lions responded quickly with a combination between Sapong and midfielders Jamie Watson and Adama Mbengue in the 20th minute.  Sapong set a ball back for Watson at the edge of the penalty, seeing Watson touch to his left and slot a pass for Mbengue.  A quality first touch by Mbengue split two Riverhounds defenders allowing him to travel one-on-one with Gilstrap.  As Gilstrap stepped off of his line to close the ball, Mbengue struck a left-footed shot that trickled wide of the right post.Four minutes later, Amoo showed a flash of brilliance off of a throw-in.  Receiving the throw from Matt Dallman on the corner of the right eighteen-yard box, Amoo turned the ball inside to his left foot.  As the ball was coming down on his turn, Amoo rifled a side-volley with his left foot that was headed into the top left corner of the Lions goal.  Reacting quickly to the shot, Kempin sprung quickly his right and got just enough of a touch to parry the ball off of the upright to deny Amoo.As the Lions cleared their lines with a long ball up the field, Gilstrap collected the ball and distributed to Dallman on the right flank.  Picking his head up to see Angulo racing across the field, Dallman played the ball over the Lions defense.  Running one-on-one with Kempin, Angulo lofted the ball over the goalkeeper only to see his shot ricochet off the crossbar.The Riverhounds best chance of the first half came when Marshall found Dallman on a diagonal ball inside the Lions penalty area.  Inside-outing his defender on his run, Dallman was brought down inside the penalty area, resulting in a penalty kick.  Angulo stepped up to take the penalty, but Kempin would dive to his left to deny the striker of his twelve goal of the season in the 37th minute of play.In the first minute of the second half, Angulo would find the back of the net, but the striker was called off sides to deny the Riverhounds the lead.The action continued throughout the entire second half, seeing constant nail biting moments for both the Riverhounds and Lions, only to see each opportunity turned away by the net-minders.The Lions best opportunity to find the back of the net came in the final minute of play.  Outside back, Luke Boden traveled down the left with pace.  As his marker closed the ball just before the end line, Boden cut the ball back for Sapong at the edge of the penalty area.  Sapong struck a hard first-time shot towards the near post, but Gilstrap made a spectacular save to push the ball over the crossbar and thwart the striker’s attempt.The Riverhounds return to action on Friday for the Frank B. Fuhrer International Friendly and Fireworks presented by KEYTEX Energy against current FA Cup Champions, Wigan Athletic FC.  The game is scheduled for a 7:00 p.m. start.  The Lions return to sunshine state to host the Harrisburg City Islanders on Saturday.  Their game will kickoff at 7:30 p.m. at the Florida Citrus Bowl.International soccer is coming to Highmark Stadium!  Tickets are on sale now for the Frank B. Fuhrer International Friendly and Fireworks featuring Wigan Athletic FC presented by KEYTEX Energy.  Don’t miss your chance to see the current FA Cup Champions take on the Riverhounds.  To purchase tickets, visit Riverhounds.com or call (800) 745-3000. Goalkeepers Gilstrap and Kempin have stellar performances Pittsburgh—On a humid night in Station Square, the Pittsburgh Riverhounds and Orlando City Lions end in a scoreless draw at Highmark Stadium.  Despite receiving consistent pressure inside their penalty areas, Riverhounds goalkeeper Hunter Gilstrap and Lions goalkeeper Jon Kempin would not concede a goal in the match, resulting in standout performances by both.  The Riverhounds outshot the Lions 13-12, while the Lions tallied twelve corners to the Riverhounds three.last_img read more

South Sound Women’s Boating Seminar Sails into Olympia on May 20

first_imgFacebook9Tweet0Pin0Submitted by the Olympia Yacht ClubTickets are still available for the South Sound Women’s Boating Seminar held on Saturday, May 20th at the Olympia Yacht ClubThe theme this year is ‘Chart Your Own Course.’  Presentations by experienced women captains will include:Presentations will be given by women boaters for women boaters. Photo courtesy: Olympia Yacht ClubBlow Ye Winds Hi Ho: Understanding Weather on the Water with Capt. Karen SullivanFinding Yourself on the Water: Navigation Essentials with Capt. Mary CampbellDocking Your Boat with Capt. Ace SpraggKeeping the Lights On: Boat 12V Systems with Capt. Allison Mazon Panel discussion of Favorite Cruising Locations Our ever popular Hands-On Fair is expanded to a full day and offers opportunities to explore charting, boat circuitry, galley provisioning, knot tying, canvas repair and more.The seminar welcomes power boaters as well as sailors. The novice can build a solid foundation, while more experienced boaters can deepen their knowledge and strengthen essential skills. Past participants report that they gained critical information and techniques to feel safer and more confident on the water.Photo courtesy: Olympia Yacht ClubWe’re also proud to support the next generation of women boaters through a raffle to fund scholarships for “Girls at the Helm” aboard the historic schooner Adventuress. Raffle prizes include baskets of boating gear, professional survey and maintenance services, and captain’s license instruction.Register now for the seminar at www.brownpapertickets.com/event/2803493 – “South Sound Women’s Boating Seminar.” Early registration is $45 by April 30, $50 after April 30.  Includes parking and a sumptuous lunch.Questions? Contact boatingseminar@gmail.comlast_img read more

Pavement possible on first 1.7 km of Trans Canada Trail this summer

first_imgIf all the funding aligns, the Grand Forks Community Trail Society (GFCTS) could have the first 1.7 kilometers of the 17 km Trans Canada Trail between Grand Forks and Christina Lake paved by this summer.Last week the society was awarded $56,000 from the TransCanada Trail Foundation to start the first phase of paving between 68th Street in Grand Forks to the Nursery. The entire project, which will cost an estimated $1.6 million, has been broken down into three phases to make it more affordable. The first phase will cost an estimated $101,640.Loosing no time due to the March 15 grant-imposed deadline to have the engineering design created by, Ken Oliver from Urban Systems spent this week designing the trail. He’s being followed by an environmental assessment. The assessment recommendations will be used in designing the paved areas.“Things are underway and we’re pretty excited,” said Mary Ann Westaway, GFCTS treasurer who also attending the city council meeting earlier this week to ask for funding consideration.“This used to be a dream and now that dream is taking off.” Westaway said when the society paved the trails within Grand Forks they saw a huge increase in the number of users. She hopes to see the same between Christina Lake and Grand Forks.She said the paving will make it easier for cyclists, baby strollers, roller blades and will make the paths more visible from the highway, which may attract more tourists to use it.But the $56,000 will only go so far. The society is asking the city to help out with an additional $50,000.While the city could not commit to the money, they did commit to considering the request.“It is on the table,” said Grand Forks mayor Brian Taylor during the regular city council meeting on Monday, Feb. 4. “And congratulations – your efforts have been tireless.”The paving project broken down into three phases – first phase to the city limits, second phase to the end of Gilpin Grasslands Provincial Park and the final phase to the east end of Cascade Gorge – will make the – project easier to find funding for.To alleviate some of the earlier controversy from ATV users that paving the trail would limit their use, the trails society has been working closely with the Grand Forks All Terrain Vehicle Club (GFATV), said Westaway. The ATV Club has representatives who sit in on the trail society meetings and a user agreement is being established between the two groups on which users will be using which trails in the community. Also, there are many horse riders who like to use the trail system between Cascade Gorge and Gilpin Grasslands Provincial Park, so future plans hope to accommodate them by providing a soft shoulder alongside the paving, said Westaway.To find out more about the project visit www.gftrails.ca.last_img read more