The dollar is turning in a mixed performance against its major rivals Friday afternoon. The buck is down against its major European rivals, but is holding onto modest gains against the Japanese Yen after GDP data came in weaker than anticipated this morning.
Economic growth in the U.S. slowed by...
After initially reporting an improvement in U.S. consumer sentiment in the month of April, the University of Michigan released revised data on Friday showing that sentiment was nearly flat. The report said the consumer sentiment index for April was downwardly revised to 97.0 from the preliminary reading of 98.0.
A report released by MNI Indicators on Friday showed an unexpected acceleration in the pace of growth in Chicago-area business activity in the month of April. MNI Indicators said its Chicago business barometer rose to 58.3 in April from 57.7 in March, with a reading above 50 indicating growth.
Eurozone inflation accelerated more-than-expected in April, returning within the European Central Bank's target of 'below, but close to 2 percent', preliminary estimate from Eurostat showed on Friday. Elsewhere, results of an ECB survey showed that professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to rise slowly.
Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday. The Commerce Department said gross domestic product increased by 0.7 percent in the first quarter after jumping by 2.1 percent in the fourth quarter.
The U.K. economy expanded the least in a year at the start of 2017, reflecting a notable slowdown in the service sector as consumers curbed their spending amid the Brexit uncertainty and rising inflation. Gross domestic product grew only 0.3 percent in the first quarter from the previous three months, preliminary estimates from the Office for National Statistics showed Friday.
Quarterly national accounts from the UK and flash consumer prices from euro area are due on Friday, headlining a busy day for the European economic news.
Final demand producer prices in Australia picked up 0.5 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Friday - unchanged from the previous quarter.
On a yearly basis, prices gained 1.3 percent after rising 0.7 percent in Q4.
The increases were...
Industrial production in South Korea advanced a seasonally adjusted 1.0 percent on month in March, Statistics Korea said on Friday.
That followed the 3.4 percent contraction in February.
On a yearly basis, industrial production climbed 3.0 percent after surging 6.6 percent in the previous month.
Industrial output in Japan skidded 2.1 percent on month in March, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.
That missed forecasts for a fall of 0.8 percent following the 3.2 percent gain in February.
On a yearly basis, industrial production advanced 3.3 percent...
New Zealand posted a merchandise trade surplus of NZ$332 million in March, Statistics New Zealand said on Friday - representing 7.1 percent of exports.
The headline figure was shy of forecasts for a surplus of NZ$370 million following the NZ$18 million deficit in February.
Exports jumped NZ$446...
The dollar is turning in a mixed performance against its major rivals Thursday afternoon, but is little changed overall. The buck is paring its early gains against the Euro and the Japanese Yen and is down against the British pound. After a light day on the economic front yesterday, investors had three...
European Central Bank policymakers are confident that the euro area economic recovery is improving, while they assessed that inflationary pressures remain subdued, ECB President Mario Draghi said Thursday, damping speculation that the bank may start to wind down its massive stimulus later this year.
After reporting a sharp increase in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a pullback in pending sales in the month of March. NAR said its pending home sales index fell by 0.8 percent to 111.4 in March.
A report released by the Commerce Department on Thursday showed that new orders for U.S. manufactured durable goods climbed by less than expected in the month of March. The Commerce Department said durable goods orders rose by 0.7 percent in March after jumping by a revised 2.3 percent in February.