The dollar skyrocketed to its highest in four years versus a basket of major rivals Friday, after the Bank of Japan's surprising increase in economic stimulus gave global stocks a shot in the arm.
In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at...
Business activity in the Chicago area unexpectedly increased at a notably faster rate in the month of October, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer jumped to 66.2 in October from 60.5 in September.
Consumer sentiment in the U.S. improved by more than previously estimated in the month of October, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the final reading on the consumer sentiment index for October came in at 86.9 compared to the mid-month reading of 86.4.
Personal spending in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Friday, with the drop in spending accompanied by weaker than expected personal income growth.
Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday.
Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
The Japanese yen weakened against the other major currencies in the Asian session on Friday after the Bank of Japan expanded its quantitative and qualitative easing unexpectedly.
In a 5-4 vote, the Policy Board decided to raise the monetary base at an annual pace of about JPY 80 trillion. The earlier...
The Bank of Japan expanded its massive quantitative and qualitative easing unexpectedly as policymakers assessed it necessary to achieve the 2 percent inflation target even after a sales tax hike in April. In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at an annual pace of about JPY 80 trillion.
Final demand producer prices in Australia advanced 0.2 percent on quarter in the third quarter of 2014, the Australian Bureau of Statistics said on Friday - after easing 0.1 percent in the previous three months.
The increase was mainly due to rises in the prices received for building construction...
Consumer prices in Japan added 3.2 percent on year in September, the Ministry of Internal Affairs and Communications said on Friday - below expectations for 3.3 percent, which would have been unchanged from the August reading.
Core consumer prices gained 3.0 percent - matching forecasts and down from...
The total number of building permits issued in New Zealand plummeted a seasonally adjusted 12.2 percent on month in September, Statistics New Zealand said on Friday - standing at 1,985.
The headline figure was well shy of forecasts for an increase of 1.0 percent following the flat reading in August.
The dollar rallied for a second day in a row Thursday, approaching fresh highs against the euro and yen following yesterday's somewhat hawkish Federal Reserve statement.
The Fed as expected ended its quantitative easing program after six years of unprecedented support for the U.S. economy.
U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists.
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000.
Germany's unemployment declined unexpectedly in October, suggesting an improvement in the labor market conditions despite weak economic developments. The number of people out of work decreased by 22,000 to 2.887 million in October, data from the Federal Labor Agency revealed Thursday. Economists had forecast an increase of 4,000.