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...
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...
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.
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.
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.
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.
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...
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...
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...
The dollar continued to strengthen against European rivals Tuesday as the Federal Reserve kicked off its two-day policy meeting in Washington, DC.
Amid the backdrop of positive economic data, the Fed is widely expected to further trim its once-massive bond-buying plan by $10 billion per month.
Consumer confidence in the U.S. improved for the third consecutive month in July, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in almost seven years.
Home prices in major U.S. metropolitan areas continued to increase at a slower pace in the month of May, Standard & Poor's revealed in a report released on Tuesday. The report said the S&P/Case-Shiller 20-City Composite Home Price Index increased at an annual rate of 9.3 percent in May compared to the 10.8 percent growth reported for April.
U.K. mortgage approvals increased more-than-expected to a 4-month high in June, recovering from a temporary slowdown caused by mortgage lending regulations. After four months of decline, approvals for house purchases increased to 67,196 in June from 62,007 in May, the Bank of England data showed Tuesday. It was forecast to rise to 63,000. The latest figure was the highest since February.
Retail sales in Japan lost 0.6 percent on year in June, the Ministry of Economy, Trade and Industry said on Tuesday - worth 11.351 trillion yen.
That missed forecasts for a decline of 0.5 percent following the 0.4 percent drop in May.
Sales from large retailers tumbled 1.8 percent on year to 1.632...
South Korea posted an unadjusted current account surplus of $7.92 billion in June, the Bank of Korea said on Tuesday - remaining in the black for the 28th consecutive month.
The headline figure was down from the downwardly revised $9.08 billion surplus in May (originally $9.30 billion).