The dollar is maintaining its modest gains against its major rivals Wednesday afternoon, following the release of the Fed's Beige Book. Investors may be reluctant to make any major moves ahead of today's speech from Federal Reserve Chair Janet Yellen, which is set to take place at 3PM ET.
Homebuilder confidence in the U.S. saw a modest pullback in the month of January, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 67 in January after jumping to 69 in December.
After reporting a drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing that production rebounded strongly in the month of December. The Fed said industrial production climbed by 0.8 percent in December after slumping by a revised 0.7 percent in November.
Consumer prices in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index rose by 0.3 percent in December after edging up by 0.2 percent in November.
U.K. unemployment declined unexpectedly at the end of 2016, while earnings growth accelerated reflecting that the labor market remained strong despite the 'Brexit' vote. Data from the Office for National Statistics showed Wednesday that the number of people claiming unemployment related benefits decreased by 10,100 in December from November, confounding expectations for an increase of 5,000.
The dollar is losing ground against all of its major rivals Tuesday afternoon, but its losses are the most pronounced against the British pound. The pound surged in value following today's highly anticipated speech by U.K. Prime Minister Theresa May.
May stated that the U.K. is set for a 'hard Brexit',...
The pound extended its early gain against its major rivals in the European session on Tuesday, as the U.K. Prime Minister Theresa May confirmed that the final 'Brexit' deal entered with the European Union would be granted a Parliamentary vote, while emphasizing that the U.K. would continue to be "the...
The U.K. is set for a 'hard Brexit', which implies a complete separation from the European Union, as Prime Minister Theresa May said on Tuesday that her country will not remain a member of the single market. Britain will not seek to "hold on to bits of [EU] membership" and the country also will not seek to adopt models that are enjoyed by other countries, May said in a speech.
Growth in New York manufacturing activity has seen a modest slowdown in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday.
The New York Fed said its general business conditions index edged down to 6.5 in January from a revised 7.6 in December, although a reading above 50 still indicates growth.
German economic sentiment improved to its highest level in seven months in January, as expectations were boosted by a strong run of positive data towards the end of last year. The ZEW Indicator of Economic Sentiment for Germany rose to 16.6 from 13.8 in December, the Mannheim-based Centre for European Economic Research/ZEW said Tuesday. However, economists had forecast a score of 18.4.
U.K. inflation reached its highest level in more than two years at the end of 2016 on air fares and food prices. Consumer price inflation increased more-than-expected to 1.6 percent in December from 1.2 percent in November, the Office for National Statistics reported Tuesday.
Consumer prices from the U.K. and economic confidence from Germany are the major reports due on Tuesday.
The total number of new home loans in Australia issued in November climbed a seasonally adjusted 0.9 percent on month, the Australian Bureau said on Tuesday - standing at 54,603.
That beat forecasts for a flat reading following the 0.8 percent decline in October.
Loans for the purchase of established...
The dollar is turning in a mixed performance against its major rivals Friday afternoon. However, the U.S. currency is little changed ahead of the long holiday weekend. Markets in the U.S. will be closed for Martin Luther King day on Monday. Investors were hit by a flurry of economic data Friday morning,...
Reflecting rebounds in retail and wholesale inventories, the Commerce Department released a report on Friday showing that U.S. business inventories increased by more than expected in the month of November. The Commerce Department said business inventories climbed by 0.7 percent in November.