The dollar is losing ground against all of its major competitors at the beginning of the week. Investors are playing it cautious ahead of this week's Federal Reserve policy meeting. A very weak performance by the Chinese stock market today also has investors on edge.
The Fed is widely expected to...
After reporting a sharp drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Monday showing that orders rebounded strongly in the month of June.
Germany's business morale unexpectedly improved in July after concerns due to the uncertainty regarding Greece and its future in euro eased, results of a key survey revealed Monday. The Ifo Business Climate Index for German trade and industry rose to 108 from June's revised 107.5, a four month-low. Economists had expected the measure to edge up a point from June's 107.4 original score.
The dollar was up against its major competitors early Friday, but reversed direction after the release of the disappointing new home sales report for June. The U.S. currency has pulled back to nearly flat on the day.
New home sales in the U.S. unexpectedly showed a sharp pullback in the month of June,...
New home sales in the U.S. unexpectedly showed a sharp pullback in the month of June, according to a report released by the Commerce Department on Friday, with sales falling to their lowest level in seven months.
Despite uncertain developments in Greece, Eurozone economic growth slowed only slightly in July as private sector activity rose at one of the strongest pace seen over the last four years, flash survey data from Markit Economics showed Friday. The Purchasing Managers' Index fell to 53.7 in July from June's four-year high of 54.2. But, it remained slightly above the average seen over the first half
Flash Purchasing Managers' survey data from Eurozone, Germany and France are due on Friday, headlining a light day for the European economic news.
China's manufacturing sector contracted again in July and at an accelerated pace, the latest survey from Caixin revealed on Friday, with a flash PMI score of 48.2.
That marked a 15-month low score, and it was well shy of forecasts for a score of 49.7.
It was down sharply from 49.4 in June, and...
Japan's manufacturing sector continued to grow in July and at an accelerated pace, the latest survey from Nikkei revealed on Friday, with a flash PMI score of 51.4.
That represents a five-month high, and it easily beat forecasts for a score of 50.5.
It was also up from 50.1 in June, and it moves...
New Zealand posted a merchandise trade deficit of NZ$60 million in June, Statistics New Zealand said on Friday - or 1.4 percent of exports.
The headline figure beat forecasts for a shortfall of NZ$100 million following the NZ$350 million deficit in May.
The annual trade deficit increased from May,...
The dollar is turning in a mixed performance Thursday, despite a dramatic drop in weekly jobless claims. The U.S. currency is down against the Euro and the Japanese Yen, but is holding its gains against the British pound.
In an upbeat sign for the job market, the Labor Department released a report...
Pointing to continued strength in the economic outlook for the remainder of the year, the Conference Board released a report on Thursday showing another bigger than expected increase by its index of leading U.S. economic indicators.
In an upbeat sign for the job market, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits tumbled to their lowest level in over forty years in the week ended July 18th.
U.K. retail sales declined unexpectedly in June, reflecting weak food and non-food store turnover, weighing marginally on the second quarter economic growth. Retail sales including automotive fuel declined 0.2 percent in June from the prior month, reversing a 0.3 percent rise in May, data from the Office for National Statistics showed Thursday.
Retail sales data from the U.K. is due on Thursday, headlining a light day for the European economic news.