The dollar is turning in a mixed performance Friday afternoon, on a light data session. The buck is down against the Euro, but is gaining ground against the British pound and the Japanese Yen.
There was no U.S. economic data to drive the direction of trade at the end of the trading week. However,...
Eurozone private sector grew at the slowest pace in 20 months in September as services activity expanded the least since the end of 2014, while manufacturing gained strength. The flash composite output index slid to 52.6 in September from 52.9 in August, data from Markit showed Friday.
Flash Purchasing managers' survey from euro area is due on Friday, headlining a light day for the European economic news.
The decision by the Federal Reserve to maintain interest rates yesterday afternoon triggered a weakening of the U.S. currency. However, the dollar is paring its early losses against both the Euro and the British pound Thursday afternoon and is attempting to rebound against the Japanese Yen.
A reading on leading U.S. economic indicators unexpectedly saw a modest decrease in the month of August, the Conference Board revealed in a report on Thursday. The Conference Board said its leading economic index edged down by 0.2 percent in August after climbing by an upwardly revised 0.5 percent in July.
Despite mortgage rates near record lows, the National Association of Realtors released a report on Thursday showing an unexpected decrease in U.S. existing home sales in the month of August. The report said existing home sales slid 0.9 percent to an annual rate of 5.33 million in August.
After reporting only slight shifts in first-time claims for U.S. unemployment benefits over the past few weeks, the Labor Department released a report on Thursday showing that initial jobless claims unexpectedly dropped to a two-month low in the week ended September 17th.
Business confidence from France is due on Thursday, headlining a busy day for the European economic news.
The Reserve Bank of New Zealand on Thursday kept its Official Cash Rate at the record low of 2.00 percent.
The decision was in line with expectations after the central bank trimmed its benchmark by 25 basis points in August after holding fire for two straight months.
The central bank has pared...
The dollar losing some ground after the Federal Reserve wrapped up its September policy meeting. The U.S. currency is dipping against its major European rivals and has set a new session lows against the Japanese Yen.
The Federal Reserve voted to keep interest rates unchanged Wednesday afternoon, but...
Weaker conditions in advanced economies, including the effects of "Brexit", have offset a gradual improvement in emerging market commodity producers as the world economy entered a low-growth trap amid weak trade and financial distortions, the Organisation for Economic Co-operation and Development said Wednesday, while trimming the global growth projections.
The U.K. budget deficit narrowed in August but the bigger-than-expected shortfall highlights the difficulty in achieving the targets set ahead of Brexit vote. Public sector net borrowing excluding interventions decreased by GBP 0.9 billion from prior year to GBP 10.5 billion in August, the Office for National Statistics reported Wednesday.
The Bank of Japan modified its existing policy framework, giving thrust to the yield curve as it still struggles to achieve the 2 percent inflation target. "With a view to achieving the price stability target of 2 percent at the earliest possible time, the Bank decided to introduce 'QQE with yield curve control'," the bank said in a statement on Wednesday.
The Japanese yen retreated from the recent highs against the other major currencies in the Asian session on Wednesday, after the central bank said that it would continue to expand monetary base until it achieves the price stability target of 2 percent.
The Bank of Japan decided to modify the existing...
Public finances data from the U.K. is due on Wednesday, headlining a light day for the European economic news.