Members of the Reserve Bank of Australia's monetary policy committee were satisfied with the depreciation of the Australian dollar, minutes from the bank's October 7 meeting revealed on Tuesday - but they'd like to see it go lower.
Sinking commodity prices play a key role in the decline, the minutes...
The dollar was little changed on Friday, holding weekly losses against the euro and yen after a number of Federal Reserve officials said they preferred to hold down interest rates for the foreseeable future.
St. Louis Federal Reserve Bank President James Bullard went even further Thursday, saying...
Consumer sentiment in the U.S. has unexpectedly improved in the month of October, according to a report released by Thomson Reuters and the University of Michigan on Friday.
New residential construction in the U.S. increased by more than anticipated in the month of September, according to a report released by the Commerce Department on Friday, although the rebound did not completely offset the sharp drop seen in the previous month.
Bank of England Chief Economist Andrew Haldane said the U.K. interest rates could remain lower at a record low for a longer period than he expected three months ago. If there is a genuine uncertainty about the path of the economy, the optimal policy response may be to avoid the worst outcomes, he told local business leaders in Kenilworth, central England, Friday.
Singapore's non-oil domestic exports, or NODX, growth slowed more than expected in September, a report from the International Enterprise Singapore showed Friday. NODX increased 0.9 percent year-over-year in September following the 6 percent rise in August. This was slower than the 2.9 percent growth expected by economists.
The dollar steadied Thursday after a pair of surprisingly upbeat economic reports re-kindled talk of an interest rate hike early next year.
After days of data pointing to a slowdown in the global economy, markets finally received some encouraging news this morning as the Labor Department said U.S....
Following four consecutive monthly increases, the National Association of Home Builders released a report on Thursday showing that homebuilder confidence has unexpectedly seen a notable deterioration in the month of October.
Manufacturing activity in the Philadelphia area grew at a slower rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the index of activity in the sector fell by slightly less than expected.
After reporting an unexpected drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Thursday showing that production rebounded by much more than expected in the month of September.
First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended October 11th, according to a report released by the Labor Department on Thursday, with initial jobless claims falling to their lowest level in over fourteen years.
Reserve Bank of India Governor Raghuram Rajan has been named the Best Central Bank Governor for 2014 by Euromoney magazine. The award was conferred by Euromoney in Washington on October 10. Rajan succeeded Duvvuri Subbarao as the RBI chief on September 4, 2013, for a tenure of three years. Earlier he acted as the chief economic adviser to India's Ministry of Finance.
Chinese bank lending increased more than expected and money supply growth accelerated in September, but the nation's foreign reserves declined in the third quarter, data published by the People's Bank of China showed Thursday. Banks lent CNY 857.2 billion in September, up from CNY 702.5 billion in August. It was also larger than a CNY 750 billion lending expected by economists.
The dollar was significantly weaker Wednesday as U.S. stocks continued their sell-off on Wall Street amid growing fears of a global economic slowdown.
A downbeat U.S. retail sales helped drive the dollar lower, as traders bet the Federal Reserve will delay an interest rate beyond next Spring.
Business inventories in the U.S. increased by less than expected in the month of August, according to a report released by the Commerce Department on Wednesday, with the report also showing a pullback by business sales.