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).
The dollar was virtually unchanged versus major rivals on Monday after solid gains last week.
Traders moved to the sidelines in anticipation of a flurry of key economic news, including the Federal Reserve's interest rate decision and the U.S. jobs report for July.
The Fed's decision on Wednesday...
After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June.
The dollar continued to strengthen against major rivals on Friday, touching a new 8-month peak versus the euro amid downbeat German economic data.
A reading on German business confidence fell short of expectations, sparking fresh concerns about the pace of euro zone growth.
Traders are betting...
The U.S. dollar extended early rally, touching a multi-month high against the euro, in New York deals on Friday as the nation's durable goods orders grew more-than-expected in June, adding to optimism over strength of the economy.
Data from the Commerce Department showed that U.S. durable goods orders...
After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June.
British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
German business confidence eased for the third successive month to its lowest level since October, amid rising concerns over the impact of the worsening conflicts in Ukraine and the Middle East on the largest Eurozone economy. The Business Climate Index for industry and trade fell to 108.0 points in July from 109.7 in June, the results of a survey by the Munich-based Ifo Institute showed Friday.
Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.
Germany consumer confidence is set to improve further in August to the strongest level since December 2006 despite escalating geopolitical tensions in Israel and Ukraine, data from market research group GfK showed Friday. The forward-looking consumer sentiment index rose to 9 in August, while it was expected to remain unchanged at 8.9. This was the highest value recorded since December 2006.