The dollar is losing ground against all of its major rivals Tuesday afternoon, but its losses are the most pronounced against the British pound. The pound surged in value following today's highly anticipated speech by U.K. Prime Minister Theresa May.
May stated that the U.K. is set for a 'hard Brexit',...
The pound extended its early gain against its major rivals in the European session on Tuesday, as the U.K. Prime Minister Theresa May confirmed that the final 'Brexit' deal entered with the European Union would be granted a Parliamentary vote, while emphasizing that the U.K. would continue to be "the...
The U.K. is set for a 'hard Brexit', which implies a complete separation from the European Union, as Prime Minister Theresa May said on Tuesday that her country will not remain a member of the single market. Britain will not seek to "hold on to bits of [EU] membership" and the country also will not seek to adopt models that are enjoyed by other countries, May said in a speech.
Growth in New York manufacturing activity has seen a modest slowdown in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday.
The New York Fed said its general business conditions index edged down to 6.5 in January from a revised 7.6 in December, although a reading above 50 still indicates growth.
German economic sentiment improved to its highest level in seven months in January, as expectations were boosted by a strong run of positive data towards the end of last year. The ZEW Indicator of Economic Sentiment for Germany rose to 16.6 from 13.8 in December, the Mannheim-based Centre for European Economic Research/ZEW said Tuesday. However, economists had forecast a score of 18.4.
U.K. inflation reached its highest level in more than two years at the end of 2016 on air fares and food prices. Consumer price inflation increased more-than-expected to 1.6 percent in December from 1.2 percent in November, the Office for National Statistics reported Tuesday.
Consumer prices from the U.K. and economic confidence from Germany are the major reports due on Tuesday.
The total number of new home loans in Australia issued in November climbed a seasonally adjusted 0.9 percent on month, the Australian Bureau said on Tuesday - standing at 54,603.
That beat forecasts for a flat reading following the 0.8 percent decline in October.
Loans for the purchase of established...
The dollar is turning in a mixed performance against its major rivals Friday afternoon. However, the U.S. currency is little changed ahead of the long holiday weekend. Markets in the U.S. will be closed for Martin Luther King day on Monday. Investors were hit by a flurry of economic data Friday morning,...
Reflecting rebounds in retail and wholesale inventories, the Commerce Department released a report on Friday showing that U.S. business inventories increased by more than expected in the month of November. The Commerce Department said business inventories climbed by 0.7 percent in November.
With consumer expectations seeing a slight deterioration, the University of Michigan released a report on Friday unexpectedly showing a modest drop in U.S. consumer sentiment in the month of January. The consumer sentiment index edged down to 98.1 in January from 98.2 in December.
U.S. producer price growth came in line with economist estimates in the month of December, the Labor Department revealed in a report on Friday. The Labor Department said its producer price index for final demand rose by 0.3 percent in December after climbing by 0.4 percent in November.
Retail sales in the U.S. increased by slightly less than expected in the month of December, according to a report released by the Commerce Department on Friday. The Commerce Department said retail sales climbed by 0.6 percent in December after edging up by a revised 0.2 percent in November.
China exports declined more-than-expected at the end of the year on subdued global demand, while imports growth exceeded expectations, official data revealed Friday. Exports fell 6.1 percent annually in December, data from the General Administration of Customs revealed, which was much faster than the 3.8 percent decline economists had expected.
The Bank of Korea's monetary policy board on Thursday decided to hold the nation's benchmark interest rate steady at the record low 1.25 percent for the seventh straight month.
That followed June's surprise rate cut by 25 basis points from 1.50 percent after 10 straight meetings without a move.