The dollar gained on major rivals Thursday, even after the Federal Reserve hinted they will delay hiking U.S. interest rates until the second half of next year.
Th Fed said yesterday it "can be patient" about the timing of its first rate hike, with Chair Janet Yellen adding that policy makers are...
Signaling continued moderate growth through the winter, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators increased in line with estimates in the month of November.
While the Federal Reserve Bank of Philadelphia released a report on Thursday showing a continued increase in regional manufacturing activity in the month of December, the pace of growth in the sector slowed substantially.
Initial jobless claims in the U.S. unexpectedly saw a modest decrease in the week ended December 13th, according to a report released by the Labor Department on Thursday. The Labor Department said jobless claims slipped to 289,000, a decrease of 6,000 from the previous week's revised level of 295,000.
The European Central Bank announced on Thursday that it will publish the minutes of its monetary policy meeting, starting next month, although it opted not to reveal the votes of individual members of the rate-setting body. In a statement, the ECB said that it will publish regular accounts of Governing Council monetary policy discussions, starting with the meeting on January 22, 2015.
U.K. retail sales growth accelerated unexpectedly in November as consumers boosted their spending on "Black Friday" a day after Thanksgiving, marking the start of the holiday season. Retail sales volume including automotive fuel increased 1.6 percent from October, the Office for National Statistics said Thursday. This was the biggest monthly rise since last December.
German business confidence improved for the second straight month to a 4-month high as expectations of firms brightened while their current assessment remained unchanged in December, a closely watched survey showed Thursday. The business confidence index rose in line with expectations to 105.5 from 104.7 in November.
The Swiss franc weakened sharply against the other major currencies ahead of the European session on Thursday following an announcement by the Swiss National Bank imposing negative rates and reaffirming its commitment to its currency ceiling against the euro.
At an unscheduled meeting, the Swiss National...
The Swiss National Bank decided to introduce negative interest rate to contain the demand for the currency and reaffirmed that it will defend the currency ceiling at an unscheduled meeting on Thursday. The central bank imposed an interest rate of -0.25 percent on sight deposit account balances at the SNB, with an intention to take the key three-month libor into negative zone.
New Zealand's gross domestic product jumped 1.0 percent on quarter in the third quarter of 2014, Statistics New Zealand said on Thursday.
That topped forecasts for an increase of 0.7 percent, which would have been unchanged from the previous three months.
The growth was driven by primary industries,...
Consumer prices in the U.S. fell by more than anticipated in the month of November, according to a report released by the Labor Department on Wednesday, with the decrease reflecting another sharp drop in energy prices.
The U.K. unemployment rate eased to a 6-year low in the three months to October and earnings growth exceeded inflation, boosting scope for strong private spending in coming months. The jobless rate fell to 6 percent during August to October from 6.2 percent seen in the May to July period, the Office for National Statistics reported Wednesday.
Bank of England policymakers decided to leave the key rate at a historic low of 0.50 percent in a split vote for the fifth straight time at the meeting held on December 3 and 4. The Monetary Policy Committee governed by Mark Carney voted 7-2 to retain the base rate at 0.50 percent, the minutes showed Wednesday. Ian McCafferty and Martin Weale sought a quarter point hike.
The Asian Development Bank downgraded its growth outlook for Developing Asia as momentum slowed in the second half of 2014, the Manila-based Asian Development Bank said Wednesday. In its supplement to Asian Development Outlook 2014 released Wednesday, the bank said the region will grow 6.1 percent in 2014 instead of 6.2 percent estimated in September.
Singapore posted a merchandise trade surplus of SGD6.69 billion in November, International Enterprise Singapore said on Wednesday - down 6.7 percent on year.
That followed the SGD4.24 billion surplus in October.
Exports were down 2.8 percent on year to SGD40.96 billion after dropping 7.0 percent...