The U.S. Dollar value slipped a little as near-term inflationary concerns ease up after Iran announces immediate reopening of the Strait of Hormuz, dispelling crude oil supply disruption concerns.
The Canadian dollar strengthened against other major currencies in the Asian session on Friday, as crude oil prices has surged amid concerns of supply disruptions continue despite upcoming peace talks between the U.S. and Iran to end the month-long gulf war. WTI Crude Oil for May month delivery was...
Malaysia's economy logged a softer growth in the first quarter, driven by weaker performance in key sectors, advance estimate from the Department of Statistics showed Friday. Gross domestic product logged an annual growth of 5.3 percent in the first quarter, which was slower than the 6.3 percent rise seen in the preceding quarter.
Industrial production in the U.S. unexpectedly decreased in the month of March, according to a report released by the Federal Reserve on Thursday. The Fed said industrial production fell by 0.5 percent in March after climbing by 0.7 percent in February. Economists had expected industrial production to inch up by 0.1 percent.
The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unexpected surge by its reading on regional manufacturing activity in the month of April. The Philly Fed said its diffusion index for current general activity spiked to 26.7 in April from 18.1 in March, with a positive reading indicating growth. Economists had expected the index to decrease to 10.0.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended April 11th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 11,000 from the previous week's revised level of 218,000. Economists had expected jobless claims to edge down to 215,000.
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The UK economy logged a robust growth in February before the outbreak of the war in the Middle East, which poses significant downside risks to outlook. Gross domestic product logged a monthly growth of 0.5 percent in February, outpacing the 0.1 percent expansion in January, the Office for National Statistics reported Thursday. Economists had forecast the growth to remain unchanged at 0.1 percent
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, as Asian shares traded higher, amid hopes a fresh round of negotiations between Iran and the U.S. this week will help resolve the ongoing conflict in the Middle East. The continuing drop in crude oil prices...
China's economy grew more than expected in the first quarter but the war in the Middle East darkens prospects due to its heavy reliance on energy imports and supply side shocks. Gross domestic product expanded 5.0 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Thursday.
Reflecting economic uncertainty coupled with rising building material costs and interest rates, the National Association of Home Builders released a report on Wednesday showing a notable deterioration in U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index slumped to 34 in April after inching up to 38 in March.
A report released by the Federal Reserve Bank of New York on Wednesday unexpectedly showed a moderate increase in New York manufacturing activity in the month of April. The New York Fed said its general business conditions index surged to a positive 11.0 in April from a negative 0.2 in March, with a positive reading indicating growth. Economists had expected the index to dip to a negative 2.0.
Import prices in the U.S. grew by much less than expected in the month of March, according to a report released by the Labor Department on Wednesday. The Labor Department said import prices climbed by 0.8 percent in March after increasing by a downwardly revised 0.9 percent in February. Economists had expected import prices to surge by 2.0 percent.
Eurozone industrial production recovered in February, driven by increases in non-durable and capital goods output, data from Eurostat revealed on Wednesday. Industrial production advanced 0.4 percent on a monthly basis, in contrast to the 0.8 percent decline in January. Output was expected to grow 0.3 percent. Among components of industrial output, non-durable consumer goods output posted the b
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.