The dollar is turning in a mixed performance against its major rivals Monday afternoon. Equity markets taking yet another hard hit at the start of the new trading week, with investors fleeing riskier investments in favor of safe havens. The move is bolstering the Japanese Yen and gold.
The Indian economy is set to expand at a faster pace this fiscal year, the government estimated on Monday, even as growth eased in the December quarter, putting pressure on Prime Minister Narendra Modi administration to win backing for crucial economic reforms in the parliament.
Bank of Japan policymakers were deeply divided over the negative interest rate decision in January, summary of opinions showed Monday. Policymakers took the interest rate to negative zone at the meeting held on January 28 and 29. Five members voted in favor and four others dissented.
Investor confidence data from euro area is due on Monday, headlining a light day for the European economic news.
Japan had a current account surplus of 960.7 billion yen in December, the Ministry of Finance said on Monday - up 325.2 percent on year.
The headline figure was shy of expectations for 1,051.7 billion yen and down from 1,143.5 billion in November.
The trade balance showed a surplus of 188.7 billion...
The dollar is rising against its major European rivals Friday afternoon and is holding onto slight gains against the Japanese Yen. The U.S. currency began to rise following the release of the highly anticipated employment report for January.
Employment in the U.S. rose by less than expected in the...
With imports rising and exports falling, the Commerce Department released a report on Friday showing that the U.S. trade deficit widened more than expected in December. The report said the trade deficit widened to $43.4 billion in December from a revised $42.2 billion in November.
Employment in the U.S. rose by less than expected in the month of January, according to a report released by the Labor Department on Friday, although the unemployment rate still edged lower. The Labor Department said non-farm payroll employment climbed by 151,000 jobs in January.
Germany's factory orders declined more-than-expected at the end of last year, on weak domestic orders , while foreign demand logged only marginal growth. Orders fell 0.7 percent in December from November, when they advanced 1.5 percent, provisional data from Destatis showed Friday. That was the first decrease in three months. The pace of decline was faster than a 0.5 percent drop economists had
There is no urgency to raise U.K. interest rates at present and the falling oil prices have benefited the economy, which is enjoying a robust recovery, Bank of England Deputy Governor Ben Broadbent said Friday. There was "certainly no great urgency to raise rates at the moment", Broadbent said in an interview on the BBC Radio 5.
Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.
The Reserve Bank of Australia has maintained its projection for faster growth amid improving labor market conditions but downgraded its inflation forecast, citing lower commodity prices and weak wage growth. In its Statement on Monetary Policy released Friday, the RBA said the Australian economy continued to grow at a moderate pace and activity is rebalancing away from the resource sector.
The total value of retail sales in Australia was unchanged in December on a seasonally adjusted basis, the Australian Bureau of Statistics said on Friday, worth A$24.759 billion.
That missed forecasts for an increase of 0.4 percent, which would have been unchanged from the November reading. Sales...
The dollar has been losing ground against its major rivals since the start of the trading week and Thursday's session has been no different. Dovish comments from a prominent Fed official yesterday and some weaker than expected U.S. economic reports this week has pressured the U.S. currency.
Largely reflecting a steep drop in durable goods orders, the Commerce Department released a report on Thursday showing a notable decrease in new orders for U.S. manufactured goods in the month of December. The Commerce Department said factory orders tumbled by 2.9 percent in December.