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The dollar leveled off from recent gains against European rivals on Thursday, as traders continued to weigh yesterday's remarks from the Federal Reserve. The Fed maintained its current monetary policy and offered a mixed assessment of the labor market despite a significant drop in the U.S. unemployment...

ChicagoPMI-073114.jpg Chicago-area business activity unexpectedly grew at a substantially slower rate in the month of July, according to a report released by MNI Indicators on Thursday, with the business barometer falling to its lowest level in a year.

Joblessclaims-073114.jpg First-time claims for U.S. unemployment benefits rebounded in the week ended July 26th, according to a report released by the Labor Department on Thursday, with initial jobless claims bouncing off the fourteen-year low seen in the previous week.

EurozoneInflation-073114.jpg Eurozone inflation slowed to the lowest level in four-and-a-half years in July, even after the European Central Bank cut the interest rates to historic lows, necessitating more action to elude the risk of deflation. The unemployment rate in the 18-nation bloc declined unexpectedly in June to the lowest since September 2012 from a record high seen at the end of last year.

Philippinecentralbank-073114.jpg The Philippine central bank on Thursday lifted its key interest rates for the first time in more than three years, citing elevated inflation expectations.The Bangko Sentral ng Pilipinas raised its overnight borrowing rate by 25 basis points to 3.75 percent from 3.50 percent and the overnight lending rate to 5.75 percent from 5.50 percent.

China-Flag-073114.jpg The International Monetary Fund said China should target 6.5-7 percent growth for 2015, lower than the 7.5 percent goal for this year, and deploy stimulus only if growth were to slow significantly below the target. While most of its directors estimate 6.5-7 percent growth, a few others assessed a lower target as more appropriate, the IMF said in a report published late Wednesday.

The dollar surged to its highest in six months versus major rivals on Wednesday, as a blockbuster U.S. GDP reading furthered expectations the Federal Reserve will raise rates sooner than expected. The Fed maintained its monetary policy today and offered few clues that it intends to hike rates anytime...

USDCHF-073014.jpg The U.S. dollar extended its early rally against its major counterparts on Wednesday, as the U.S. economy rebounded strongly in the second quarter, after a winter lull. Traders await the outcome of the U.S. Federal Reserve's monetary policy meeting scheduled later in the day. The preliminary report...

GDPchart-073014.jpg After reporting a notable contraction in U.S. economic activity in the first quarter, the Commerce Department released a report on Wednesday showing that gross domestic product rebounded by more than anticipated in the second quarter.

ADPchart-073014.jpg Employment in the U.S. private sector continued to see notable growth in the month of July, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth came in below economist estimates.

EurozoneEconomicConfidence-073014.jpg Eurozone economic sentiment rose unexpectedly in July driven by confidence improvements in industrial and construction, survey data revealed Wednesday. The economic confidence index rose marginally to 102.2 in July from 102.1 in June, figures from European Commission showed. Economists had forecast the score to fall to 101.9 from June's originally estimated value of 102.

BoE-073014.jpg The Bank of England on Wednesday outlined plans to tighten bankers' bonus rules that eventually limits their inclination to take high risk. According to the new proposal, bankers could be forced to pay back their bonuses up to seven years from the date of payment if they break financial conduct rules.

japanindustry-032910.jpg Industrial output in Japan was down 3.3 percent on month in June, the Ministry of Economy, Trade and Industry said on Wednesday. That was well shy of forecasts for a decline of 1.2 percent following the 0.7 percent increase in May. On a yearly basis, industrial production added 3.2 percent - also...

foreximg-300413.jpg Industrial output in South Korea climbed a seasonally adjusted 2.9 percent on month in June, Statistics Korea said on Wednesday. That was in line with expectations following the downwardly revised 2.8 percent decline in May (originally -2.7 percent). On a yearly basis, industrial output added 0.6...

newzea-retail-012111.jpg The total number of building consents issued in New Zealand gained a seasonally adjusted 3.5 percent on month in June, Statistics New Zealand said on Wednesday - coming in at 1,950. That follows the 4.6 percent decline in May. Excluding permits for apartment construction (which totaled 197), building...