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EUR-USD4-062317.jpg The dollar is losing ground against its major European rivals Friday afternoon, but is nearly flat in comparison to the Japanese Yen. It was another light day on the U.S. economic front. Investors have also been monitoring comments from several Fed officials at the end of the trading week. New home...

NewhomeSales-062317.jpg New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.

Eurozonepmi-062317.jpg Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.

ECB-062317.jpg The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.

EEP3-091614_23Jun17.jpg Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.

EUR-USD3-062217.jpg The dollar pulled back against all of its major rivals in early trade Thursday, but has since recovered and is now posting slight gains. The increase in weekly jobless claims this morning was slightly more than anticipated, but U.S. economic data was largely in line with expectations. First-time claims...

ECB-Praet-062217.jpg The European Central Bank will decide to wind down its government bond purchases based on inflation even if the spreads for any country would rise as a consequence, ECB Executive Board member Peter Praet said. "As a central bank, we conduct monetary policy for the whole of the euro area," Praet, who is also the ECB chief economist, said in an interview to the German magazine Der Spiegel.

LeadingndicatorIndex-062217.jpg Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.

USjoblessclaims-062217.jpg First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.

norwaycentralbank-062217.jpg Norway's central bank unanimously decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session and abandoned its downward bias for the rate path. The Executive Board of the Norges Bank voted to hold the key policy rate at 0.50 percent, in line with economists' expectations. The previous change in the rate was a quarter-point reduction in March 2016.

ECB-062217.jpg Eurozone's solid growth momentum is set to continue in the second quarter, mainly driven by domestic demand, and there are signs of a build-up of pipeline inflationary pressures, the European Central Bank said in its latest economic bulletin released on Thursday.

EEP15-011515_22Jun17.jpg Manufacturing confidence from France is due on Thursday, headlining a light day for the European economic news.

NewZealandcpi-071510.jpg The Reserve Bank of New Zealand on Thursday kept its Official Cash Rate unchanged at the record low of 1.75 percent for the fourth straight meeting. The decision was in line with expectations following a rate cut in November. Following no move in September, the central bank trimmed its benchmark by...

EUR-USD3-062217.jpg The dollar is trading slightly lower against all of its major rivals Wednesday afternoon, but is little changed overall. The week has been light on economic data so far this week, but existing home sales data came in better than expected this morning. After reporting a notable decrease in U.S. existing...

ExistingHomeSales-062117.jpg After reporting a notable decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing an unexpected rebound in existing home sales in the month of May. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.62 million.

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