The dollar continued to strengthen Tuesday, adding to multi-month highs versus major rivals amid further signs the U.S. economy is picking up.
Meanwhile in Europe, the threat of deflation and stagnant economic growth will probably compel the European Central Bank to offer monetary stimulus on Thursday.
After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July.
Activity in the U.S. manufacturing sector unexpectedly grew at an accelerated rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector climbing to a three-year high.
The Swiss economy stalled in the second quarter as the improvement in household spending was insufficient to offset the weakness in exports and investment in construction. Gross domestic product remained flat from the first quarter, when it accelerated to 0.5 percent, the State Secretariat for Economic Affairs said Tuesday. Economists had expected GDP to rise 0.5 percent in the second quarter.
Policymakers of Reserve Bank of Australia decided to maintain its record low interest rate once again as they continue to assess that the most prudent course is a period of stability in interest rates. The monetary policy board retained the cash rate at 2.50 percent. The rate has been at the current level since August 2013.
British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4.
The manufacturing sector in Japan expanded at an accelerated pace in August, the latest survey from Markit Economics revealed on Monday with a purchasing managers' index score of 52.2.
That missed forecasts for 52.4, although it's up significantly from 50.5 in July.
The August reading moves further...
China's final manufacturing purchasing managers' index was revised down in August, defying expectations of economists to confirm the flash reading, results of a survey by Markit Economics and HSBC Bank showed Monday.
The final HSBC Manufacturing PMI decreased to 50.2 in August from the flash estimate...
The manufacturing sector in South Korea expanded for the first time in four months in August, the latest survey from Markit Economics revealed on Monday with a purchasing managers' index score of 50.3.
That's up from 49.3 in July, and it moves above the boom-or-bust mark of 50 that separates expansion...
New Zealand's terms of trade added 0.3 percent in the second quarter compared to the previous three months, Statistics New Zealand said on Monday.
That follows the 1.8 percent gain in the first quarter.
"This is the lowest of six consecutive quarterly rises for the terms of trade, which is now...
The dollar rallied to its highest in almost a year versus the euro on Friday, capping its best month since last September.
A slew of disappointing data from the euro zone has heightened expectations that the European Central Bank will offer stimulus next year.
Any hope that the region's economic...
India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.
Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
Industrial production in Japan added 0.2 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday.
That was well shy of forecasts for a gain of 1.0 percent following the 3.4 percent decline in June.
On a yearly basis, industrial production fell 0.9 percent - also missing...
Industrial output in South Korea climbed a seasonally adjusted 1.1 percent on month in July, Statistics Korea said on Friday.
That beat forecasts for a decline of 0.9 percent following the downwardly revised 2.6 percent increase in June (originally 2.9 percent).
On a yearly basis, industrial output...