The dollar is turning in a mixed performance against its major competitors Tuesday, but is overall little changed. Investors are awaiting Wednesday's announcement from the Federal Reserve, after the central bank wraps up its 2-day policy meeting. Many analysts expecting the Fed to hint at a rate hike...
Confidence among U.S. consumers has seen a substantial deterioration in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 90.9 in July from a downwardly revised 99.8 in June.
With home prices in major U.S. metropolitan areas unexpectedly showing a monthly decrease in May, Standard & Poor's released a report on Tuesday showing that the annual rate of price growth during the month came in well below economist estimates.
U.K. economic growth accelerated in the second quarter driven by an improvement in services output, which has again fueled debate over the timing of the interest rate hike. Gross domestic product grew 0.7 percent sequentially, in line with forecast, following a 0.4 percent rise in the first quarter, preliminary estimate from the Office for National Statistics showed Tuesday.
GDP data from the U.K. is the major report due on Tuesday, headlining a light day for the European economic news.
The dollar is losing ground against all of its major competitors at the beginning of the week. Investors are playing it cautious ahead of this week's Federal Reserve policy meeting. A very weak performance by the Chinese stock market today also has investors on edge.
The Fed is widely expected to...
After reporting a sharp drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Monday showing that orders rebounded strongly in the month of June.
Germany's business morale unexpectedly improved in July after concerns due to the uncertainty regarding Greece and its future in euro eased, results of a key survey revealed Monday. The Ifo Business Climate Index for German trade and industry rose to 108 from June's revised 107.5, a four month-low. Economists had expected the measure to edge up a point from June's 107.4 original score.
The dollar was up against its major competitors early Friday, but reversed direction after the release of the disappointing new home sales report for June. The U.S. currency has pulled back to nearly flat on the day.
New home sales in the U.S. unexpectedly showed a sharp pullback in the month of June,...
New home sales in the U.S. unexpectedly showed a sharp pullback in the month of June, according to a report released by the Commerce Department on Friday, with sales falling to their lowest level in seven months.
Despite uncertain developments in Greece, Eurozone economic growth slowed only slightly in July as private sector activity rose at one of the strongest pace seen over the last four years, flash survey data from Markit Economics showed Friday. The Purchasing Managers' Index fell to 53.7 in July from June's four-year high of 54.2. But, it remained slightly above the average seen over the first half
Flash Purchasing Managers' survey data from Eurozone, Germany and France are due on Friday, headlining a light day for the European economic news.
China's manufacturing sector contracted again in July and at an accelerated pace, the latest survey from Caixin revealed on Friday, with a flash PMI score of 48.2.
That marked a 15-month low score, and it was well shy of forecasts for a score of 49.7.
It was down sharply from 49.4 in June, and...
Japan's manufacturing sector continued to grow in July and at an accelerated pace, the latest survey from Nikkei revealed on Friday, with a flash PMI score of 51.4.
That represents a five-month high, and it easily beat forecasts for a score of 50.5.
It was also up from 50.1 in June, and it moves...
New Zealand posted a merchandise trade deficit of NZ$60 million in June, Statistics New Zealand said on Friday - or 1.4 percent of exports.
The headline figure beat forecasts for a shortfall of NZ$100 million following the NZ$350 million deficit in May.
The annual trade deficit increased from May,...