The dollar is rising against all of its major competitors Thursday afternoon. However, the gains are the most pronounced in comparison to the Euro after today's announcement from the European Central Bank threw investors a bit of a curveball.
The European Central Bank surprised markets on Thursday...
European Central Bank President Mario Draghi asserted that the option of scaling back bond purchases gradually to zero, or 'tapering', was not discussed by policymakers on Thursday, but said the bank was ready to extend and boost stimulus when needed.
The euro fell against its major counterparts in the European session on Thursday, retreating from its recent highs, after the European Central Bank kept its key interest rates on hold and decided to extend its monthly bond buying program till the end of December 2017, although at a slower pace of 60...
After reporting first-time claims for U.S. unemployment benefits at a five-month high in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back in the week ended December 3rd.
The European Central Bank surprised markets on Thursday when it announced that bond purchases will be extended till the end of next year, which is longer-than-expected, but its pace will ease after March.
China's exports grew unexpectedly in November as a weaker yuan underpinned foreign demand, while imports logged a notable gain on domestic orders. Data from the General Administration of Customs showed that exports edged up 0.1 percent from a year ago in dollar terms, confounding expectations for a decline of 5 percent.
The European Central Bank announces the outcome of its governing council meeting on Thursday. The bank is widely expected to keep its key interest rates unchanged.
Australia posted a seasonally adjusted merchandise trade deficit of A$1.541 trillion in October, the Australian Bureau of Statistics said on Thursday.
That was well shy of forecasts for a deficit of A$610 million following the downwardly revised A$1.272 trillion shortfall in September (originally...
Japan's gross domestic product was bumped down to +0.3 percent on quarter in the third quarter of 2016, the Cabinet Office said in Thursday's final revision.
That missed expectations for 0.5 percent, which would have been unrevised from the November 14 preliminary reading.
GDP was up 0.2 percent...
The dollar is turning in a mixed performance Wednesday afternoon. The buck is down against the Euro and the Japanese Yen, but is up against the British pound. There was very little economic data to drive the direction of trading today. Traders can look forward to weekly jobless claims data tomorrow morning...
European Central Bank President Mario Draghi will likely announce an extension of asset purchases by the central bank beyond March 2017 on Thursday, hoping to spread some Christmas cheer amid the high political uncertainty, especially after the 'no' vote in the Italian referendum last weekend.
British industrial output declined unexpectedly in October as the shutdown for maintenance of oil fields dampened production, the Office for National Statistics reported Wednesday. Industrial production declined 1.3 percent from September, the biggest fall since September 2012. Economists had forecast an increase of 0.2 percent after a 0.4 percent fall in September.
India's central bank unexpectedly kept its key interest rate unchanged on Wednesday as policymakers decided to wait to judge the impact of the drastic demonetization measure on the economy and any policy tightening by the U.S. Federal Reserve next week. The Monetary Policy Committee of the Reserve Bank of India, headed by Urjit Patel, unanimously decided to hold the key repo rate at 6.25 percent.
Industrial production from Germany and the U.K. are due on Wednesday, headlining a light day for the European economic news.
Australia's gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
That missed forecasts for a decline of 0.1 percent following the upwardly revised 0.6 percent increase in the three months prior...