The dollar held most of its strong recent gains on Friday amid rising speculation the Federal Reserve will hike interest rates ahead of schedule.
Bank of America Merrill Lynch changed its dovish outlook and is now forecasting the first rate increase to occur in June 2015, three months ahead of its...
Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
Consumer sentiment in the U.S. has improved by more than expected in the month of September, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for September came in at 84.6 compared to the final August reading of 82.5.
Reflecting a steep drop in prices for imported fuel, the Labor Department released a report on Friday showing a notable decrease in U.S. import prices in the month of August. The report said import prices fell by 0.9 percent in August following a revised 0.3 percent drop in July.
With auto sales showing a significant increase, the Commerce Department released a report on Friday showing that U.S. retail sales increased in line with economist estimates in the month of August. The Commerce Department said retail sales climbed by 0.6 percent in August.
European Central Bank President Mario Draghi urged governments to revive investment that is essential to bring in a sustainable recovery in the bloc. "A decisive rise in investment is essential to bring inflation where we would want to see it, to kick-start the economy and to bring down unemployment," he said at Eurofi Financial Forum in Milan late Thursday.
The Bank of Korea's monetary policy board on Friday decided to hold the nation's benchmark interest rate steady at 2.25 percent, in line with expectations.
That follows the banks decision last month to trim the rate by 25 basis points from 2.50 percent.
Prior to last month, the central bank had...
The dollar held most of its recent gains versus European rivals and crept to a fresh 6-year high against the yen on Thursday.
Another disappointing reading on the U.S. jobs market failed to put much of a dent in the dollar, which has risen to its highest in more than a year versus a basket of major...
After reporting a slight uptick in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims unexpectedly saw some further upside in the week ended September 6th.
The Philippine central bank lifted its key interest rate for the second consecutive meeting as policymakers saw upside risks to inflation. The Bangko Sentral ng Pilipinas on Thursday raised the overnight borrowing rate by a quarter point to 4 percent and the overnight lending rate to 6 percent from 5.75 percent. The reserve requirement ratios were left unchanged.
Inflation in China slowed more than expected in August and producer prices extended its decline for the 30th consecutive month, providing leeway for the implementation of additional stimulus to offset the weakness in property sector. Consumer price inflation slowed to a four-month low of 2 percent in August, the National Bureau of Statistics reported Thursday.
The unemployment rate in Australia fell to a seasonally adjusted 6.1 percent in August, the Australian Bureau of Statistics said on Thursday.
That topped forecasts for a rate of 6.3 percent and was down from 6.4 percent in July.
The Australian economy added a whopping 121,000 jobs to 11,703,500...
The Reserve Bank of New Zealand's monetary policy board on Thursday decided to hold its Official Cash Rate steady at 3.50 percent - in line with expectations.
The RBNZ had hiked the OCR by 25 basis points in each of its last four meetings following 23 straight meetings with no change.
The OCR had...
The dollar continued to rise versus the yen on Wednesday but finally leveled off against the sterling ahead of a crucial vote on Scottish independence.
Expectations that the Federal Reserve will raise rates coupled with lingering economic weakness in Europe and Asia have driven the dollar sharply...
Wholesale inventories in the U.S. saw another modest increase in the month of July, the Commerce Department revealed in a report on Wednesday, with the uptick in inventories once again falling short of economist estimates.