Forex Top Story


The dollar remained mixed Thursday, surging to a fresh 6-year peak versus the yen but coming under heavy pressure against the sterling. The sterling was the day's strongest currency amid indications that Scottish voters will vote to stay with the United Kingdom. The latest Ipsos MORI survey reveals...

philadelphiafed-091814.jpg Firms responding to a survey by the Federal Reserve Bank of Philadelphia indicated continued growth in regional manufacturing activity in September, although the bank said the index of activity in the sector fell from its relatively high reading in August.

housingstarts-091814.jpg With new construction of multi-family homes showing a substantial pullback, the Commerce Department released a report on Thursday showing a much steeper than expected drop in U.S. housing starts in the month of August.

joblessclaims-091814.jpg First-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended September 13th, according to a report released by the Labor Department on Thursday, with claims pulling back near the fourteen-year low set in July.

ECB-Draghi-091814.jpg Banks took up less-than-expected amount of funds at the European Central Bank's first targeted longer term refinancing operation, damping hopes of the success of the measure that was aimed to boost liquidity to help revive lending to small businesses and households.

UK-Retail-Sales-091814.jpg U.K. retail sales increased in August as sale of high powered vacuum cleaners and furniture, offset the decline in food store demand. Including auto fuel, retail sales volume increased 0.4 percent in August from July, when it remained flat, the Office for National Statistics reported Thursday. The monthly growth rate matched expectations.

Swiss-National-Bank-091814.jpg The Swiss National Bank on Thursday reaffirmed its currency ceiling and interest rate unchanged, as expected by economists, and expressed willingness to do more to defend the franc. The central bank maintained the minimum exchange rate of CHF 1.20 per euro and left the target range for the three-month Libor unchanged at 0.0-0.25 percent.

SouthKorea-091814.jpg The South Korean government said Thursday it will increase the budget spending next year and run a wider fiscal deficit than expected to bolster economic growth that faces challenges from slow global recovery and weak domestic demand. Government spending will rise by 5.7 percent to KRW 376 trillion the next year, the finance ministry said in its budget proposals.

japanexports-112510.jpg Japan posted a merchandise trade deficit of 948.5 billion yen in August, the Ministry of Finance said on Thursday - remaining in the red for a record 26th consecutive month. The headline figure beat forecasts for a shortfall of 1,028.9 billion yen following the 962.1 billion yen deficit in July. Exports...

NZtradebalance-082910.jpg New Zealand's gross domestic product expanded 0.7 percent on quarter in the second quarter of 2014, Statistics New Zealand said on Thursday, riding strong gains from the service industries. The headline figure was in line with forecasts, although it slowed from the 1.0 percent gain in the first quarter. "Services...

The dollar was mixed Wednesday as the Federal Reserve repeated its pledge to keep interest rates near zero for a "considerable time." The Fed refrained from offering clarity on when it may raise rates, but reduced its monthly asset purchases to $15 billion, and said the program will likely end in...

nahbindx-091714.jpg With a firming job market helping to unleash pent-up demand for new homes, the National Association of Home Builders released a report on Wednesday showing that U.S. homebuilder confidence jumped to its highest level in almost nine years in September.

CPI-091714.jpg With a substantial decrease in energy prices more than offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing an unexpected drop in U.S. consumer prices in the month of August.

BoE-Building-091714.jpg Policymakers of the Bank of England split on the rate decision in September as two members repeated their call for a quarter- point hike given the rapid absorption of slack with economic growth. The British unemployment rate continued to fall in July, reaching the lowest since late 2008, and jobless claims declined more than expected in August.

forex-091714.jpg Singapore's non-oil domestic exports (NODX) rebounded in August, exceeding the consensus estimate, a report from the International Enterprise Singapore showed Wednesday. NODX recovered by 6 percent year-over-year in August following the 3.3 percent drop in July. This was faster than the 2.5 percent...