Forex Top Story


newhomesales-042314.jpg New home sales in the U.S. unexpectedly showed a substantial decrease in the month of March, according to a report released by the Commerce Department on Wednesday, with sales falling to their lowest level in eight months. The report said new home sales plunged 14.5 percent to an annual rate of 384,000 in March from the revised February rate of 449,000.

EurozonePMI-042314.jpg Eurozone private sector started the second quarter on a solid footing with activity growth the fastest in nearly three years in April, but firms continued to slash prices, fueling fears that deflationary pressures are intensifying. The purchasing managers survey's composite output index rose to 54.0 in April from 53.1 in March, data from Markit Economics showed Wednesday.

bankofengland-042314.jpg Policymakers of the Bank of England unanimously decided to maintain the key bank rate at a historic low of 0.50 percent and monetary stimulus at GBP 375 billion, the minutes showed Wednesday. Members said economic recovery is building momentum, but they had a range of opinions about the amount of slack remaining within the economy and medium-term inflation outlook.

UKbudget-deficit-042314.jpg U.K. Chancellor George Osborne achieved his budget deficit target for 2013/14 as buoyant economic growth boosted tax receipts. Data from the Office for National Statistics on Wednesday showed that net borrowing totaled GBP 107.7 billion in the fiscal year ended March 2014, the lowest since the 2008/2009 financial crisis.

BankofThailand-042314.jpg Thailand's central bank left its key interest rate unchanged on Wednesday, after trimming it in the previous month amid the lingering political impasse. The Monetary Policy Committee of the Bank of Thailand voted 6-1 to leave the main policy rate unchanged at 2 percent, which is the lowest level since December 2010. The decision was in line with economists' expectations.

newzea-retail-012111.jpg Total credit card spending in New Zealand jumped a seasonally adjusted 1.3 percent on month in March, the Reserve Bank of New Zealand said on Wednesday - coming in at NZ$3.062 billion. That was up sharply from the upwardly revised 0.4 percent increase in February (originally 0.3 percent). Domestic...

china1-230913.jpg An index monitoring manufacturing activity in China posted a score of 48.3 in April, the latest survey from HSBC and Markit Economics revealed on Wednesday. That was in line with forecasts and up from 48.0 in March - although the index remains below the boom-or-bust score of 50 that separates expansion in a sector from contraction. The manufacturing output index saw a score of 48.0 in April.

trade.jpg Consumer prices in Australia collected 0.6 percent on quarter in the first quarter of 2014, the Australian Bureau of Statistics said on Wednesday. That was weaker than forecasts for 0.8 percent, which would have been unchanged from the previous three months. The most significant price rises this...

ExistingHomeSales-042214.jpg Existing home sales in the U.S. showed a modest decrease in the month of March, according to a report released by the National Association of Realtors on Tuesday, although the annual rate of sales still came in above economist estimates. The report said existing home sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February.

ChinaCentralBank-042214.jpg The People's Bank of China on Tuesday said it will lower the share of deposits that rural lenders need to set aside as cash with central bank. The bank said the reserve requirement ratio for rural commercial banks will be reduced by 2 percent points, effective Friday. The RRR for rural cooperative banks was reduced by 0.5 percentage point.

trade.jpg A leading economic index for Australia added 0.3 percent on month in February, the Conference Board said on Tuesday - coming in at 128.6. That follows the 0.2 percent gain in January, and it marks the 17th straight month of gain. The leading index saw upward revisions as actual data for money supply,...

LeadingIndicatorIndex-042114.jpg Leading U.S. economic indicators showed continued improvement in the month of March, according to a report released by the Conference Board on Monday, with the leading economic index rising by slightly more than expected. The Conference Board said its leading economic index rose by 0.8 percent in March after climbing by 0.5 percent in February.

The dollar was narrowly mixed in quiet dealing versus other majors on Thursday, as traders got a head start on the Easter holiday. There was little reaction to the day's economic news, including a slightly downbeat reading on the U.S. jobs sector. The dollar was steady at $1.3812 versus the euro,...

philadelphiaFed-041714.jpg Growth in Philadelphia-area manufacturing activity has accelerated by much more than anticipated in the month of April, according to the results of the Federal Reserve Bank of Philadelphia's Business Outlook Survey released on Thursday. The Philly Fed said its diffusion index of current activity climbed to 16.6 in April from 9.0 in March, with a positive reading indicating growth.

Jobless-Claims-041714.jpg After reporting initial jobless claims at their lowest level in almost seven years in the previous week, the Labor Department released a report on Thursday showing that claims rebounded slightly in the week ended April 12th. The Labor Department said initial jobless claims inched up to 304,000, an increase of 2,000 from the previous week's revised level of 302,000.