The dollar weakened Tuesday, easing from 4-year highs versus a basket of major rivals as upbeat global economic news fueled appetite for riskier currencies.
An upward revision to U.S. GDP reflected solid growth for the nation's economy in the third quarter, but failed to help the dollar extend its...
Consumer confidence in the U.S. unexpectedly deteriorated in the month of November, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dropped to 88.7 in November from a downwardly revised 94.1 in October.
Home prices in major U.S. metropolitan areas experienced a broad based slowdown in the month of September, according to a report released by Standard & Poor's on Tuesday.
Economic activity in the U.S. unexpectedly increased by more than previously estimated in the third quarter, according to a report released by the Commerce Department on Tuesday.
A prolonged stagnation in the euro area could hurt global growth and stronger policy responses are needed to avoid such risks, the Organisation for Economic Co-operation and Development (OECD) said Tuesday. In its latest Economic Outlook, the Paris-based think tank said any prolonged stagnation in the euro area could drag down global growth.
The pound traded mixed in European deals on Tuesday after the Bank of England governor Mark Carney affirmed that next policy move from the Bank will be a policy rate increase, despite falling inflation.
The MPC members are focused on the pace of and timing and tightening, not further stimulus, Carney...
Revised quarterly national accounts from Germany and business confidence from France are due on Tuesday, headlining a busy day for the European economic news.
Singapore's gross domestic product climbed 2.8 percent on year in the third quarter of 2014, the Ministry of Trade and Industry said in Tuesday's final reading.
That beat forecasts for a gain of 2.5 percent and was up from the advance estimate that called for a 2.4 percent increase.
GDP had risen...
Members of the Bank of Japan's monetary policy board said that more easing measures were necessary to achieve the 2 percent inflation target, minutes from the central bank's October 31 meeting revealed on Tuesday.
The bank added that the decline in demand that resulted from April's consumption tax...
The dollar was mixed Monday, holding near recent 4-year highs as measured against a basket of major rivals.
Upbeat economic news from Germany weighed on the dollar versus the euro, but the greenback edged toward fresh 7-year highs against the slumping yen.
German business confidence improved unexpectedly...
German business confidence improved unexpectedly in November reversing last month's decline, as the economy returned to growth avoiding a recession. The business confidence index rose for the first time in seven months to 104.7 in November from 103.2 in October, which was the lowest since December 2012, a survey conducted among 7,000 executives by the Ifo institute showed Monday.
Business confidence survey data from Germany is due on Monday headlining a light day for the European economic news.
The dollar rallied versus European rival Friday after European Central Bank President Mario Draghi said policy makers are ready with unprecedented measures if inflation does not pick up.
It is feared that the euro zone will enter a dangerous deflationary spiral unless the ECB embarks on full-scale...
China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25 basis points to 2.75 percent.
The dollar paused after surging to another 7-year peak against the yen Thursday, as traders weighed a flurry of economic news, including a closely-watched reading on U.S. inflation.
Lower energy costs keeping are keeping inflation in check, possibly giving the Federal Reserve more room to keep interest...