The dollar is losing ground against all of its major competitors Thursday afternoon, following the release of the minutes from the most recent policy meeting of the Federal Reserve.
Downside risks to economic growth prevented the Federal Reserve from raising interest rates in September, the minutes...
Downside risks to the euro area growth and inflation outlook, mainly those stemming from the slowdown in emerging economies and the volatility in forex markets, had "clearly increased", while it was too early to conclude that they will have a lasting impact, the minutes of the European Central Bank Governing Council rate-setting session, held on September 2-3 showed Thursday.
After reporting modest increases in first-time claims for U.S. unemployment benefits in the two previous weeks, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by more than expected in the week ended October 3rd.
The Bank of England decided to maintain its key interest rate unchanged at a record low in a split vote as Ian McCafferty went against majority for the third straight meeting. In the meeting ended October 6, the Monetary Policy Committee voted 8-1 to hold interest rate at 0.50 percent, the bank said in a statement on Thursday, as seen in August and September.
The pound wiped out its early gains against most major rivals in European deals on Thursday, after the Bank of England decided to maintain its key interest rate unchanged at a record low and indicated that inflation is expected to remain below 1 percent until spring 2016.
At the meeting, the Monetary...
Germany's exports declined most in more than six years in August, suggesting that a slowdown in emerging economies, especially China hurts global demand.
Exports plunged a seasonally adjusted 5.2 percent month-on-month in August, reversing a 2.2 percent rise in July, data from Destatis revealed Thursday. This was the biggest decline since January 2009, when it slid 6.9 percent.
The outcome of monetary policy committee meeting of the Bank of England and foreign trade from Germany are due on Thursday, headlining a busy day for the European economic news.
Japan posted a current account surplus of 1.653 billion yen in August, the Ministry of Finance said on Thursday.
That exceeded forecasts for a surplus of 1.226 billion yen following the 1.808 billion yen surplus in July.
The trade balance came in at a deficit of 326.1 billion yen following the...
Core machine orders in Japan dropped 5.7 percent on month in August, the Cabinet Office said on Thursday - worth 759.4 billion yen.
The headline figure was well shy of forecasts for an increase or 3.0 percent following the 3.6 percent decline in July.
On a yearly basis, core machine orders dropped...
The dollar is turning in a mixed performance Wednesday afternoon, holding onto its early gains against the Euro, but falling against the British pound and the Japanese Yen. There has been a decided lack of U.S. economic data today, which usually drives the direction of trading.
Investors will be...
Germany's industrial production declined at the fastest pace in 12 months in August, defying expectations for a modest increase, suggesting that economic growth slowed in the third quarter and that the manufacturing sector is set to struggle in coming months mainly due to weaker demand from emerging markets, especially China.
U.K. industrial output rebounded at a faster-than-expected pace in August, driven by oil extraction and transport equipment. Industrial production grew 1 percent from July, reversing a 0.3 percent drop in the prior month, data from the Office for National Statistics showed Wednesday. A similar rate of strong growth was last seen in February 2014. Economists had forecast only a 0.3 percent rise.
Industrial production from Germany and the U.K. are due on Wednesday, headlining a busy day for the European economic news.
The Bank of Japan refrained from adding more monetary stimulus on Wednesday despite fears of looming recession as the slowdown in emerging economies hurts exports and production. The Policy Board of the BoJ governed by Haruhiko Kuroda decided by an 8-1 majority vote to maintain its target of raising the monetary base at an annual pace of about JPY 80 trillion.
Global growth remains 'moderate and uneven' amid the modest pick-up in advanced economies and the slowdown in emerging markets, and the more pronounced downside risks call for policy action to boost economic expansion, the International Monetary Fund said, as it cut its world growth forecasts for this year and next.