The dollar is turning in a mixed performance Friday afternoon. The U.S. currency is extending its gains against the Euro and the pound sterling, but is down slightly in comparison to the Japanese Yen.
Overall, Friday's trading session has been on the quiet side. There has been no U.S. economic data...
Public sector finance data from the U.K. is due on Friday, headlining a light day for the European economic news.
The dollar is gaining ground against all of its major rivals Thursday afternoon, following today's highly anticipated announcement from the European Central Bank. The decision to leave interest rates unchanged was in line with expectations, but some comments from ECB President Mario Draghi caused some...
European Central Bank President Mario Draghi ruled out any discussion of 'tapering' among policymakers in the latest rate-setting session, but added that it was unlikely that asset purchases would have an abrupt end, signaling that they may be extended beyond March 2017.
After reporting an unexpected drop in its reading on leading U.S. economic indicators in the previous month, the Conference Board released a report on Thursday showing that its leading economic indicators index rose in line with estimates in September.
Partly reflecting a jump in the share of sales by first-time home buyers, the National Association of Realtors released a report on Thursday showing that existing home sales in the U.S. rebounded by much more than anticipated in the month of September. NAR said existing home sales jumped by 3.2 percent to an annual rate of 5.47 million.
While the Federal Reserve Bank of Philadelphia released a report on Thursday showing a slowdown in the pace of regional manufacturing growth in the month of October, the pace of growth slowed less than economists had expected. The Philly Fed said its index for current manufacturing activity in the region fell to 9.7 in October from 12.8 in September.
Initial jobless claims in the U.S. rose by more than expected in the week ended October 15th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims climbed to 260,000, an increase of 13,000 from the previous week's revised level of 247,000.
The euro was trading higher against most major counterparts in the European session on Thursday, after the European Central Bank kept monetary policy steady, with economists expecting an extension of bond purchases at the next meeting in December.
The Governing Council, led by ECB President Mario...
The European Central Bank kept its key interest rates unchanged for a fifth consecutive session and retained its asset purchases, apparently setting the stage for December action as policymakers explore how to implement any extension of stimulus.
U.K. retail sales remained unchanged for a second month in September as higher prices and warm weather weighed on clothing sales. There was no change in the sales volume compared with August, the Office for National Statistics reported Thursday. Economists had forecast a 0.3 percent increase for September following nil growth in August.
Though policymakers have signaled favor for an expansion of stimulus, European Central Bank President Mario Draghi is widely expected to keep mum on Thursday about how the bank will implement it, instead make markets wait until December for any fresh move.
The European Central Bank announces the outcome of its governing council meeting today. The bank is widely expected to keep its monetary policy unchanged.
The unemployment rate in Australia was a seasonally adjusted 5.6 percent in September, the Australian Bureau of Statistics said on Thursday.
That was beneath forecasts for 5.7 percent, which would have been unchanged from the previous month following a revision from 5.6 percent.
The release of the Fed's Beige Book Wednesday afternoon is currently having little impact on the movements of the dollar. The buck is turning in a mixed performance at present, rising slightly against the Euro and the pound sterling, but falling against the Japanese Yen.
Reports from the twelve Federal...