Forex Top Story


EuroPMI-072417.jpg Eurozone private sector started the third quarter on a solid footing, but the pace of growth slowed for the second successive month in July, largely due to the moderation in the manufacturing sector. The composite output index fell to a 6-month low of 55.8 in July from 56.3 in June, flash data from IHS Markit showed Monday. The reading was expected to drop marginally to 56.2.

IMF-072417.jpg The International Monetary Fund on Monday maintained its global growth projections saying the pickup in global growth remains on track as anticipated in April. Global output is forecast to grow by 3.5 percent in 2017 and 3.6 percent in 2018. The unchanged global growth projections mask somewhat different contributions at the country level, the Washington-based lender said.

EEP18-011515_24Jul17.jpg Flash Purchasing Mangers' survey data from euro area is due on Monday, headlining a light day for the European economic news.

EUR-USD4-072117.jpg The dollar is losing ground against all of its major rivals Friday afternoon. The buck has been sinking against both the Euro and the Japanese Yen for the majority of the week and has now reached nearly a 2-year low against the Euro. Political concerns have contributed to the dollar's slide this...

UK-Pound-072117.jpg The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds. Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP 6.9 billion in June, data from the Office for National Statistics showed Friday. The expected figure was GBP 4.9 billion.

EUR-USD4-072017.jpg The dollar is turning in a mixed performance against its major rivals Thursday afternoon. The buck is down against the Euro and the Japanese Yen, but is holding onto gains against the British pound. Central banks were in focus Thursday, as the European Central Bank and the Bank of Japan both maintained...

Draghi-ECB-072017.jpg Though the robust economic expansion provides confidence that euro area inflation will hit the target in future, it is yet to show any convincing trend of a pick up, prompting policymakers to delay a review of the massive stimulus until the fall, European Central Bank President Draghi said Thursday.

EUR-USD2-072017.jpg The euro climbed against its key counterparts in early New York deals on Thursday, erasing early losses, after the European Central President Mario Draghi remarked that the Governing Council is set to discuss future path of quantitative easing in the autumn policy, while emphasizing improved growth in...

LeadingIndicatorIndex-072017.jpg Pointing to continued growth in the U.S. economy, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading economic indicators. The Conference Board said its leading economic index climbed by 0.6 percent in June.

PhiladelphiaFed-072017.jpg Philadelphia-area manufacturing activity grew at a notably slower rate in the month of July, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activity in the region slumped to 19.5 in July from 27.6 in June.

Joblessclaims-072017.jpg A report released by the Labor Department on Thursday showed a much bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended July 15th. The report said initial jobless claims fell to 233,000, a decrease of 15,000 from the previous week's revised level of 248,000.

ECBrates-072017.jpg There was no surprises from the European Central Bank on Thursday as it left its key interest rates and massive stimulus unchanged for an eleventh straight session, and also kept the forward guidance intact, thus retaining the downward bias on asset purchases.

Ukretailsales-072017.jpg UK retail sales recovered at a faster-than-expected pace in June as warm weather boosted clothing demand. Retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics showed Thursday. Sales were forecast to gain 0.4 percent.

ADB-072017.jpg The Asian Development Bank raised its developing Asia's growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asia's growth outlook for 2017 to 5.9 percent from 5.7 percent.

USD-JPY-15min-072017.jpg The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan downgraded its outlook for inflation. The Bank of Japan kept its monetary stimulus unchanged as widely expected, and lowered its inflation expectations for the next three years. Governor...

Follow RTT