The U.S. Dollar value inched higher as investors held back from risky assets as U.S. announces a large-scale economic blockade against Iran aimed at crushing its financial channels. Traders assessed reports indicating that the U.S. Treasury could use the General Account to fund the expanded buybacks of long-term yields.
The U.S. dollar declined against major currencies during the week ended August 21 amidst a fresh spell of fiscal worries triggered by the U.S. debt crossing $40 trillion.
The Canadian dollar weakened against other major currencies in the Asian session on Monday amid concerns about a deepening U.S.-Canada trade war and sliding oil prices. Following the breakdown of trade negotiations between the two nations on Friday, the U.S. levied 50 percent tariffs on $20 billion...
The U.S. Dollar value ended nearly flat as investors watch how the U.S.-Iran standoff unfolds in the coming days after the U.S. announced an economic blockade on Iran. Traders also analysed Wednesday's decision by the U.S. Treasury Department to double the long-term debt buybacks.
The euro area private sector expanded the most in nine months in August driven by strong growth in manufacturing, flash survey data from S&P Global revealed Friday. The composite output index climbed unexpectedly to 52.1 in August from 52.0 in July. The reading was seen at 51.7. Manufacturing production increased at the fastest pace in four-and-a-half years.
France's private sector contracted further in August due to the downturn in services activity, survey data from S&P Global showed Friday. The headline composite output index fell to 48.8 in August from 49.4 in July. A score below 50.0 indicates contraction and it was also below forecast of 49.5. The downturn in overall activity was entirely driven by services companies.
Japan's headline inflation accelerated to a seven-month high in July on rising food and energy prices, strengthening the expectations for a September interest rate hike by the Bank of Japan. Japan's private sector expanded at the fastest pace in six months in August driven by a steeper increase in new orders, survey data from S&P Global showed Friday.
The U.S. Dollar value ends nearly flat as investors assessed the positive U.S. economic data releases including weekly jobless claims and Philadelphia Business Conditions index while the fresh economic offensives set to be initiated against Iran by the U.S. instead of a military campaign lowered the safe-haven demand for the U.S. dollar.
A reading on leading U.S. economic indicators increased by slightly more than expected in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index rose by 0.2 percent in July after edging down by a revised 0.1 percent in June.
Philadelphia-area manufacturing activity continued to expand in the month of August, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity climbed to 47.4 in August from 41.4 in July, with a positive reading indicating growth. Economists had expected the index to plunge to 25.0.
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits expectedly declined in the week ended August 15th. The report said initial jobless claims fell to 206,000, a decrease of 6,000 from the previous week's revised level of 212,000.
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the European session on Thursday, as the crude oil prices traded higher amid prevailing uncertainty over U.S.-Iran peace talks and tensions involving the United Arab Emirates,...
The U.S. Dollar value edged lower as investors scaled down their expectations of a rate hike by the U.S. Federal Reserve with the Middle East crisis showing no sign of cooling, pushing crude oil prices and oil-linked inflationary concerns higher.
Unless inflation declines, many Federal Reserve officials believe an increase in interest rates would likely be necessary, according to the minutes of the central bank's latest monetary policy meeting released on Wednesday.
U.K. consumer price inflation accelerated in July as the Middle East crisis stoked household energy prices, official data showed Wednesday. The consumer price index posted an annual growth of 2.9 percent in July, faster than the 2.6 percent rise in June, the Office for National Statistics said. This was the highest in four months and matched economists' expectations.
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.