The dollar is pulling back from an 11-year high against the Euro on Monday and is also giving ground in comparison to the pound sterling. The U.S. currency has been on an impressive run against the Euro since around mid-December. The run has been fueled by economic data, as well as the recent European...
German business confidence improved for a third straight month in January to a six-month high as expectations of firms and current assessment brightened in January, results of the IfO business climate survey showed Monday. The business confidence index rose to 106.7 in January from 105.5 in December, exceeding the 106.4 reading expected by economists. It was the highest score since July 2014.
Majority of Bank of Japan's policymakers said that the drop in oil prices will affect the economy and inflation positively in the long-term, though it is expected to weigh on inflation in the short-term, the minutes of the meeting held on December 18 and 19 showed Monday. However, one member said that the primary focus should be on the underlying trend in prices when considering the future conduct of monetary policy.
The dollar is turning in a mixed performance at the end of the trading week. The U.S. currency is extending its gains against the Euro following the massive stimulus package announced by the European Central Bank yesterday. However, the buck is little changed against the pound sterling and is down against...
Reflecting positive contributions from a majority of components, the Conference Board released a report on Friday showing that its index of leading U.S. economic indicators rose by slightly more than anticipated in the month of December.
Existing home sales in the U.S. rose roughly in line with economist estimates in the month of December, according to a report released by the National Association of Realtors on Friday, with sales rebounding from the steep drop seen in November.
British retail sales logged an unexpected growth in December, driven by food sales, while economists were looking for a decline after a rebound in November on Black Friday sales. The volume of retail sales, including automotive fuel, increased 0.4 percent month-over-month in December, but the growth was slower than the 1.6 percent rise in November.
Eurozone private sector grew at the fastest pace in five months in January, suggesting that lower oil prices and weaker euro supported the recovery in the region. Germany experienced an upturn at the start of the year, while France fared particularly bad again. The strongest upturn was seen outside of France and Germany.
China's manufacturing sector contracted barely in January, the latest survey from HSBC Bank showed on Friday with a PMI score of 49.8. That beat forecasts for 49.5 and was up from 49.6 in December - although it remains below the boom-or-bust line of 50 that separates expansion from contraction.
South Korea's gross domestic product gained only a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2014, the Bank of Korea said in Friday's preliminary reading.
That was in line with expectations, but it slows from the 0.9 percent gain in the third quarter. It also marks the slowest...
The dollar has surged to an 11-year high against the Euro on Thursday, after the European Central Bank announced a massive stimulus package at its monetary policy meeting. The U.S. currency is also up sharply against the British pound, but is nearly flat in comparison to the Japanese Yen.
European Central Bank President Mario Draghi unleashed a massive quantitative easing programme on Thursday, the size of which exceeded market expectations, determined to combat the threat of deflation and revive the euro area economy. The widely expected quantitative easing measure was described by Draghi as "an expanded asset purchase programme".
While the Labor Department released a report on Thursday showing a modest drop in first-time claims for U.S. unemployment benefits in the week ended January 17th, initial jobless claims still came in above economist estimates.
The European Central Bank maintained status quo on interest rates for a fourth consecutive month and said it is going to announce more policy measures shortly as markets hold breath to know the details of the widely expected massive quantitative easing plan. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent on Thursday.
The dollar is bouncing back from early weakness against the Euro Wednesday afternoon, ahead of Thursday's European Central Bank meeting. The ECB is widely expected to unveil a quantitative easing plan at the meeting. The central bank is said to be considering 50 billion Euros a month in bond purchases.