Forex Top Story


EEP4-091614_02Dec15.jpg Flash inflation and producer price figures from euro area are due on Wednesday headlining a light day for the European economic news.

trade.jpg Australia's gross domestic product gained 2.5 percent on year in the third quarter of 2015, the Australian Bureau of Statistics said on Wednesday. That beat forecasts for an increase of 2.4 percent and accelerated from the 2.0 percent gain in the second quarter. On an annualized quarterly basis,...

Bank-of-Korea-040915.jpg South Korea posted a current account surplus of $8.96 billion in October, the Bank of Korea said on Wednesday. That follows the downwardly revised $10.54 billion current account surplus in September (originally $10.61 billion). The goods account surplus narrowed to $10.74 billion, down from $12.04...

EURUSD1-120115.jpg The dollar is retreating against the Euro Tuesday, after it reached over a 7-month high against it during Monday's session. The U.S. currency is also trading lower against the British pound and the Japanese Yen. Global economic data has been largely positive Tuesday, with the notable exception of...

Construction-030411_01Dec15.jpg Construction spending in the U.S. increased more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said construction spending climbed 1.0 percent to an annual rate of $1.107 trillion in October.

manufacturing-030411_01Dec15.jpg Activity in the U.S. manufacturing sector unexpectedly contracted for the first time in three years in November, the Institute for Supply Management revealed in a report on Tuesday. The ISM said its purchasing managers index dropped to 48.6 in November from 50.1 in October.

EurozoneJoblessRate-120115.jpg The euro area unemployment rate declined to its lowest level since early 2012, but it is unlikely to lift wage growth and generate inflationary pressure as joblessness remains at an elevated level. Meanwhile, German unemployment dropped to a record low even as rising fears of joblessness due to the huge influx of migrants hurt consumer sentiment in the biggest euro area economy.

RBI-Rajan-120115.jpg India's central bank held its key interest rates steady on Tuesday, as inflation and growth remain in the projected path, although it signaled its willingness to ease further, keeping in view an imminent interest rate hike in the U.S. The Reserve Bank of India left the repo rate at 6.75 percent and the reverse repo rate unchanged at 5.75 percent, in line with economists' expectations.

BoE-120115.jpg The Bank of England is set to demand banks to set aside capital as buffer as soon as in March, in order to absorb losses in case of stress and support the real economy. In the semi-annual Financial Stability Report, the Financial Policy Committee said Tuesday it intends to make active use of the time-varying countercyclical capital buffer.

RBA-120115.jpg Australia's central bank maintained its record low interest rate for the seventh straight meeting on Tuesday as policymakers see prospects for improvement in economic conditions. The policy board of the Reserve Bank of Australia kept its cash rate unchanged at 2.00 percent as expected by economists. The bank had lowered the rates by 25 basis points each in February and May.

EEP3-091614_01Dec15.jpg Unemployment figures from euro area and Germany and Purchasing Managers' survey from major euro area economies are due Tuesday, headlining a busy day for the European economic news.

China-PMI-120115.jpg China's manufacturing sector activity continued to shrink in November but the pace of deterioration was the weakest since June, survey results published by Caixin and Markit Economics showed Monday. However, the official Purchasing Managers' survey today revealed that the manufacturing sector contracted the most in three years.

IMF-Yuan-113015.jpg Finally, the Chinese renminbi has claimed its pride of position as one of the world's powerful currencies, underlining China's clout in the global scheme of things. The International Monetary Fund added Chinese renminbi as the fifth currency in its Special Drawing Rights basket, giving the yuan an international status.

trade.jpg The total number of building approvals issued in Australia climbed a seasonally adjusted 3.9 percent on month in October, the Australian Bureau of Statistics said on Tuesday - coming in at 19,652. That beat forecasts for a decline of 2.5 percent following the 2.2 percent increase in September. On...

NewZealandcpi-071510.jpg New Zealand's terms of trade slid 3.7 percent on quarter in the third quarter of 2015, Statistics New Zealand said on Tuesday. That missed forecasts for a decline of 2.6 percent following the upwardly revised 1.5 percent gain in the second quarter (originally 1.3 percent). Export prices for goods...

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