The dollar was mixed against other major currencies on Thursday, holding near its highest in almost a year versus the euro.
Traders were moving the sidelines ahead of a pair of crucial speeches from the Federal Reserve's annual get-together in Jackson Hole, Wyoming.
In the wake of Fed minutes showing...
Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July.
Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.
Existing home sales in U.S. unexpectedly rose to a ten-month high in the month of July, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales climbed to a seasonally adjusted annual rate of 5.15 million in July from a downwardly revised 5.03 million in June.
Initial jobless claims in the U.S. fell by slightly more than expected in the week ended August 16th, according to a report released by the Labor Department on Thursday. The Labor Department said jobless claims dropped to 298,000, a decrease of 14,000 from the previous week's revised level of 312,000.
U.K. retail sales growth eased in July as auto fuel turnover declined markedly from June, official data showed Thursday. The public sector finance figures were also weaker than expected in July despite economic rebound. Including auto fuel, retail sales volume grew 0.1 percent in July from a month ago, slower than the revised 0.2 percent increase in June, the Office for National Statistics said.
The Eurozone private sector growth eased more-than-expected in August as weak manufacturing performance hurt Germany's expansion, while the French private sector activity stagnated. The Eurozone composite output index fell to 52.8 in August from 53.8 in July, flash data from Markit Economics showed Thursday. The indicator was expected to fall marginally to 53.4.
The manufacturing sector in China continued to expand in August, although it slowed dramatically, the latest flash purchasing managers' index from HSBC revealed on Thursday - with a three-month low score of 50.3.
That was well shy of forecasts for a score of 51.5 and down sharply from 51.7 in July.
The manufacturing sector in Japan continued to expand at an accelerating pace in August, the latest flash purchasing managers' index from Markit Economics revealed on Thursday - with a score of 52.4.
That handily beat forecasts for a score of 51.5 following the 50.5 reading in July.
A score above...
The Australian economy is continuing its modest recovery, the Conference Board said on Thursday as its leading economic index was up 0.4 percent in the month of June.
That follows the 0.2 percent increase in May and the 0.1 percent decline in April. During the six-month period through June, the leading...
The number of visitor arrivals in New Zealand hit 196,900 in July, Statistics New Zealand said on Thursday - a record for the month of July.
In the year to July, visitor arrivals numbered 2.80 million, up 6 percent on year. New Zealand's top four sources of visitors were Australia, China, the United...
The dollar rallied on Wednesday, extending recent gains to its highest levels in almost a year versus a basket of major rivals.
Gains accelerated in the afternoon upon the release of some fairly hawkish Federal Reserve minutes.
The Federal Reserve debated when to hike interest rates amid signs...
Bank of England policymakers split on rate decision this month, for the first time in more than three years as two members said the current economic situation warrant an immediate rate hike from a historic-low. At the August Monetary Policy Committee meeting, Ian McCafferty and Martin Weale sought a quarter-point hike in the bank rate to 0.75 percent.
Reserve Bank of Australia Governor Glenn Stevens kept the foreign exchange intervention plan open to build up confidence and bring the stubbornly high currency to lower levels."The exchange rate, another channel through which monetary policy usually has an effect, is probably not doing as much as it might usually be expected to do in achieving balanced growth," he said in his opening statement.
Japan posted a merchandise trade deficit of 963.99 billion yen in July, the Ministry of Finance said on Wednesday - remaining in the red for a record 25th consecutive month.
The headline figure missed forecasts for a deficit of 713.9 billion yen following the 823.2 billion yen shortfall in June.