The dollar is turning in a mixed performance at the end of the trading week. The U.S. currency is losing ground against the Japanese Yen and the Euro after August employment growth came in weaker than expected. However, the size of the pull back is relatively small. This may be due to the level of uncertainty...
While the Labor Department released a report on Friday showing much weaker than expected U.S. job growth in the month of August, the unemployment rate still fell to a new seven-year low. The Labor Department said non-farm payroll employment climbed by 173,000 jobs in August.
Germany's factory orders declined most in six months on weak foreign bookings in July, while domestic demand remained robust. Factory orders dropped 1.4 percent in July from a month ago, which was the biggest fall since January when they slid 2.6 percent, data from Destatis revealed Friday.
Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance against its major competitors Thursday afternoon. The U.S. currency is down slightly against the Japanese Yen and modestly higher against the pound sterling. The gains in the dollar are a bit more pronounced against the Euro after the ECB hinted that it would...
The euro declined against its major rivals on Thursday, after the European Central Bank Chief Mario Draghi downgraded the growth and inflation forecasts for the euro area, while promising to expand stimulus measures to support weaker economic recovery.
In his press conference following the ECB announcement,...
The European Central Bank lowered the economic growth and inflation outlook for the euro area on Thursday, citing more downside risks that have emerged recently, and said that it was ready to extend its quantitative easing programme beyond the September 2016 deadline, if needed.
After reporting a substantial acceleration in the pace of U.S. service sector growth in the previous month, the Institute for Supply Management released a report on Thursday showing a modest slowdown in the pace of growth in August.
With the value of exports rising and the value of imports falling, the Commerce Department released a report on Thursday showing a notably narrower U.S. trade deficit in the month of July. The report said the trade deficit narrowed to $41.9 billion in July from a revised $45.2 billion in June.
A day ahead of tomorrow's monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose more than expected in the week ended August 29th.
The European Central Bank left its interest rates unchanged on Thursday as recent data suggest that economic recovery is continuing, albeit at a sluggish pace, while lower oil prices, stronger euro and the Chinese slowdown pose risks to the outlook. The Governing Council, led by ECB President Mario Draghi, kept the refinancing rate at a record low 0.05 percent, following the meeting in Frankfurt.
British services sector expanded at its weakest rate in over two years casting doubt about sustainability of economic growth into third quarter, a closely watched survey revealed Thursday. The services Purchasing Managers' Index dropped to 55.6, which was the weakest score since May 2013, survey results from Markit Economics and the Chartered Institute of Procurement & Supply showed.
The International Monetary Fund said strong mutual policy action is needed to lift growth, as transition in China and lower commodity prices pose downside risks to global economic outlook. "Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook," the lender said in a note prepared ahead of the G-20 finance ministers meeting.
Interest rate decision from the European Central Bank is due on Thursday, headlining a busy day for the European economic news.
Australia posted a seasonally adjusted merchandise trade deficit of A$2.46 billion in July, the Australian Bureau of Statistics said on Thursday - marking a 19 percent monthly gain.
The headline figure topped expectations for a deficit of A$3.16 billion following the A$3.05 billion shortfall in the...