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EUR-USD5-121517.jpg The dollar is gaining ground against its major rivals Friday afternoon, despite a pair of weaker than expected U.S. economic reports. The gains are being driven by optimism over U.S. tax reform after some comments from President Trump this morning. "We're putting in a tremendous child tax credit,...

Industrialproduction-US-121517.jpg After reporting a much bigger than expected increase in U.S. industrial production in the previous month, the Federal Reserve released a report on Friday showing that production rose by less than expected in the month of November. The Fed said industrial production edged up by 0.2 percent.

Empirestatemanufacturing-121517.jpg Growth in New York manufacturing activity slowed by more than anticipated in the month of December, according to a report released by the Federal Reserve Bank of New York on Friday. The New York Fed said its general business conditions index dropped to 18.0 in December from 19.4 in November, although...

Russia-centralbank-121517.jpg Russia's central bank slashed the benchmark rate by half a percentage point on Friday amid expectations for a quarter point reduction. Policymakers signaled further easing in the first half of 2018. The Board of Directors trimmed the key rate to 7.75 percent from 8.25 percent, the Bank of Russia said in a statement.

EEP07-011515_15Dec17.jpg Foreign trade data from euro area is due on Friday, headlining a light day for the European economic news.

BOJ-Factory-121517.jpg Confidence among large manufacturers increased for the fifth straight quarter to an 11-year high at the end of 2017, as strong exports and rising corporate profits underpin growth, a closely watched survey showed Friday. The large manufacturers' sentiment index rose to 25 from 22 a quarter ago, according to the quarterly Tankan survey from Bank of Japan. This was the highest score since 2006.

EUR-USD4-121417.jpg The dollar is turning in a mixed performance against its major rivals Thursday afternoon. The buck is up against the Euro, but down against the British pound and the Japanese Yen. Central banks remain in focus a day after the Federal Reserve hiked interest rates, as expected. The European Central Bank...

BusinessInventories-121417.jpg A report released by the Commerce Department on Thursday showed a modest decrease in U.S. business inventories in the month of October. The Commerce Department said business inventories edged down by 0.1 percent in October after showing no change in September. The slight drop in inventories matched...

MarioDraghi-121417.jpg The European Central Bank raised the euro area growth forecasts, as it gained confidence from the strong momentum this year, but inflation was seen to remain short of its target into 2020, which Mario Draghi called a "muted" news that warrants support from massive monetary stimulus.

ImportExport-US-121417.jpg A report released by the Labor Department on Thursday showed U.S. import prices increased in line with economist estimates in the month of November, while export prices rose by much more than anticipated. The Labor Department said its import price index climbed by 0.7 percent in November after inching...

Joblessclaims-US-121417.jpg First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended December 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 225,000, a decrease of 11,000 from the previous week's unrevised level of 236,000.

Retailsales-US-121417.jpg Retail sales in the U.S. increased by much more than anticipated in the month of November, the Commerce Department revealed in a report released on Thursday. The report said retail sales climbed by 0.8 percent in November after rising by an upwardly revised 0.5 percent in October.

ECB-interestrates-121417.jpg The European Central Bank left its monetary policy stance unchanged on Thursday, after its announced its plan to trim asset purchases at the start of next year in the previous session, marking a calm close to what could be seen as a stellar year for the single currency economy.

BankofEngland-121417.jpg The Bank of England policymakers unanimously decided to leave its key interest rate unchanged on Thursday after tightening it for the first time in a decade in November. The Monetary Policy Committee, headed by Governor Mark Carney, voted to maintain the benchmark rate at 0.50 percent.

swissnationalbank-121417.jpg The Swiss National Bank maintained its expansionary monetary policy stance on Thursday and reaffirmed its commitment to remain active in the foreign exchange market when necessary although the franc weakened against the euro and the US dollar. Further, the bank forecast inflation to exceed its target in three years' time due to the weaker currency.

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