The number of visitor arrivals in New Zealand hit 196,900 in July, Statistics New Zealand said on Thursday - a record for the month of July.
In the year to July, visitor arrivals numbered 2.80 million, up 6 percent on year. New Zealand's top four sources of visitors were Australia, China, the United...
The dollar rallied on Wednesday, extending recent gains to its highest levels in almost a year versus a basket of major rivals.
Gains accelerated in the afternoon upon the release of some fairly hawkish Federal Reserve minutes.
The Federal Reserve debated when to hike interest rates amid signs...
Bank of England policymakers split on rate decision this month, for the first time in more than three years as two members said the current economic situation warrant an immediate rate hike from a historic-low. At the August Monetary Policy Committee meeting, Ian McCafferty and Martin Weale sought a quarter-point hike in the bank rate to 0.75 percent.
Reserve Bank of Australia Governor Glenn Stevens kept the foreign exchange intervention plan open to build up confidence and bring the stubbornly high currency to lower levels."The exchange rate, another channel through which monetary policy usually has an effect, is probably not doing as much as it might usually be expected to do in achieving balanced growth," he said in his opening statement.
Japan posted a merchandise trade deficit of 963.99 billion yen in July, the Ministry of Finance said on Wednesday - remaining in the red for a record 25th consecutive month.
The headline figure missed forecasts for a deficit of 713.9 billion yen following the 823.2 billion yen shortfall in June.
The dollar rallied versus European rivals on Tuesday, hitting fresh 9-month highs against the euro after upbeat U.S. housing data.
Housing starts rose 15.7 percent in July from June to an annual rate of 1.093 million units, the Commerce Department said, marking the highest level of construction since...
Consumer prices saw only a modest increase in the month of July, according to a report released by the Labor Department on Tuesday, with higher prices for shelter and food offset by decreases in prices for energy and airline fares. The Labor Department said its consumer price index ticked up by 0.1 percent in July after rising by 0.3 percent in June.
After reporting a notable decrease in new residential construction for the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound by U.S. housing starts in the month of July. The report said housing starts jumped 15.7 percent to an annual rate of 1.093 million in July after falling 4 percent to a revised 945,000 in June.
U.K. inflation slowed more-than-expected in July as summer price discounting among retailers dragged clothing costs, while factory-gate prices declined for the first time since 2009 suggesting absence of inflationary pressure. Inflation eased to 1.6 percent in July from 1.9 percent in June, the Office for National Statistics reported Tuesday. The figure was forecast to slow to 1.8 percent.
Reserve Bank of Australia on Tuesday said economic outlook remains uncertain as more rapid decline in mining investment going forward together with fiscal consolidation and the high exchange rate is expected to restrain growth. Members noted the significant uncertainties around the growth forecast and the importance of considering the risks to the forecast as well as the central projection.
The New Zealand government downgraded its budget surplus estimate as the economy is set to grow at a slower pace, the Treasury said in its Pre-election Economic and Fiscal Update 2014. The budget surplus is expected to be NZ$297 million in the year to June 2015 compared to the previous projection of NZ$372 million. The surpluses are forecast to be about NZ$500 million lower in each year till 2018.
The dollar was narrowly mixed Monday, giving back recent gains against the sterling after some relatively hawkish comments from the U.K.'s top central banker.
Bank of England Governor Mark Carney told The Sunday Times in an interview that interest rates could be raised even before real wages turn...
Homebuilder confidence in the U.S. unexpectedly improved for the third consecutive month in August, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to a reading of 55 in August from 53 in July.
The Thai economy avoided recession in the second quarter as spending and exports underpinned recovery but the government trimmed its 2014 outlook citing political unrest experienced during the early months of the year and the delay in tourism recovery. Gross domestic product recovered by 0.4 percent year-over-year in the second quarter following the revised 0.5 percent drop in the first quarter.
The dollar was little changed for a second day in a row Friday despite a flurry of U.S. economic data and dovish rhetoric from a Federal Reserve official.
Most of today's news cemented expectations that the Fed will keep interest rates at or near zero for at least another year.