Australia posted a merchandise trade deficit of A$980 million in January, the Australian Bureau of Statistics said on Thursday - representing a deficit increase of A$477 million or 95 percent decline over the previous month.
The headline figure missed forecasts for a shortfall of A$925 million following...
The dollar is gaining ground against all of its major competitors Wednesday, despite some mixed economic data. The U.S. currency has soared to an 11-year high against the Euro ahead of Thursday's European Central Bank meeting. The ECB is expected to provide details on how it will execute the bond purchasing...
Activity in the U.S. service sector unexpectedly grew at a slightly faster rate in the month of February, according to a report released by the Institute for Supply Management on Wednesday.
Payroll processor ADP released a report on Wednesday that once again showed solid private sector job growth above 200,000 jobs in the month of February, although the pace of growth saw a notable slowdown compared to the previous month.
Eurozone retail sales grew at the fastest pace in nearly two years and the private sector activity in all big-four economies in the bloc expanded for the first time since April 2014. Retail sales rose 1.1 percent on a monthly basis in January, faster than a revised 0.4 percent growth in December, a report from Eurostat revealed Wednesday. A similar 1.1 percent rise was last seen in May 2013.
India's central bank reduced its key interest rates by a quarter point at an unscheduled meeting on Wednesday after the budget affirmed the government's commitment on fiscal consolidation. The Reserve Bank of India governed by Raghuram Rajan decided to cut its repo rate by 25 basis points to 7.50 percent with immediate effect. Consequently, the reverse repo rate was adjusted to 6.50 percent.
Australia's GDP grew at a faster rate in the fourth quarter, but growth was slower than expected, the Australian Bureau of Statistics said on Wednesday.
The economy advanced 0.5 percent quarter-over-quarter in the fourth quarter after the 0.4 percent rise in the third quarter. Economists expected...
With no U.S. economic data to drive the direction of trade Tuesday, the dollar is little changed in comparison to its major rivals. Investors are looking forward to the U.S. jobs report for February at the end of the week, as well as the European Central Bank meeting on Thursday.
Investors can also...
Australia's central bank is set to lower interest rates as early as April or May, economists said after the bank resisted calls for back-to-back easing by maintaining status quo on Tuesday. "At today's meeting the Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being," Reserve Bank of Australia said.
Germany's retail sales growth accelerated unexpectedly in January to log its fastest gain in four-and-a-half years, boosting hopes of consumer spending cushioning economic growth. Retail sales annual growth improved for the second straight month in January, to 5.3 percent from 4.8 percent in December, data released by Destatis showed Tuesday.
Switzerland's economy grew more-than-expected in the fourth quarter with momentum underpinned by domestic spending and foreign demand for goods, data from the State Secretariat for Economic Affairs showed Tuesday. Gross domestic product advanced 0.6 percent from the third quarter, when it rose a revised 0.7 percent. Economists had forecast the growth rate to ease to 0.3 percent.
Retail sales from Germany and producer prices from Eurozone are the major economic reports due on Tuesday.
The Reserve Bank of Australia decided to leave its cash rate unchanged at its March meeting, belying expectations for a back-to-back rate cut. The monetary policy board maintained the cash rate at 2.25 percent after lowering it by 25 basis points last month. Some economists had expected the bank to lower rates further this month.
The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday following Reserve Bank of Australia's decision to leave its cash rate unchanged at its March meeting.
The monetary policy board maintained the cash rate at 2.25 percent after lowering it by 25 basis...
Australia posted a seasonally adjusted current account deficit of A$9.588 billion in the fourth quarter of 2014, the Australian Bureau of Statistics said on Tuesday - which marked a 21 percent gain on the previous quarter.
The headline figure beat forecasts for a shortfall of A$11.0 billion following...