The dollar dropped initially after Federal Reserve Chair Janet Yellen made some hawkish comments during her speech late this morning, but quickly reversed and has turned sharply higher. Yellen stated that the case for another interest-rate hike has strengthened recently. Her comments propelled the U.S....
Consumer sentiment in the U.S. unexpectedly saw a slight decline in the month of August, according to a report released by the University of Michigan on Friday. The report said the final reading on the consumer sentiment index for August came in at 89.8 compared to the initial estimate of 90.4.
U.S. economic activity in the second quarter grew by slightly less than initially estimated, according to a report released by the Commerce Department on Friday. The report said gross domestic product increased by 1.1 percent in the second quarter.
The U.K. economy logged faster growth in the second quarter as robust consumer spending and investment cushioned the region against the impact of the severe political and economic uncertainty in the run-up to the EU referendum. Gross domestic product grew 0.6 percent sequentially after rising 0.4 percent in the first quarter.
Revised quarterly national accounts from the U.K. and consumer confidence from Germany are the major reports due on Friday.
Consumer prices in Japan slipped 0.4 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday - matching expectations and unchanged from June's annual reading.
Core CPI, which excludes volatile food costs, slid 0.5 percent on year - missing forecasts for -0.4 percent,...
The dollar is nearly flat against both the Euro and the Japanese Yen Thursday afternoon. Early losses against the pair of currencies were nearly erased after the release of the stronger than expected durable goods report. Meanwhile, the buck has been steadily gaining ground against the British pound.
After reporting a steep drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday showing that durable goods orders rebounded by more than expected in the month of July. The Commerce Department said durable goods orders surged up by 4.4 percent.
First-time claims for U.S. unemployment benefits unexpectedly saw another modest decrease in the week ended August 20th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 261,000.
German business confidence dropped unexpectedly to a 6-month low in August and marked the biggest monthly fall in more than four years as companies assessed the current situation and future expectations more poorly after Britons voted to exit the EU. The business sentiment index dropped to 106.2 in August from 108.3 in July, results of the Ifo survey showed Thursday.
Business confidence from Germany is due on Thursday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance Wednesday afternoon, but is little changed overall. Today was another light day in terms of economic data, but several important reports are due to be released in the next 2 days. Durable goods orders and weekly jobless claims are scheduled for Thursday, while...
Existing home sales in the U.S. tumbled by much more than anticipated in the month of July, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales slumped 3.2 percent to an annual rate of 5.39 million in July.
Germany's economy expanded in the second quarter on the back of foreign trade and spending, providing support to overall euro area expansion, which was weighed down by flat growth in France and Italy ahead of "Brexit" vote.Gross domestic product climbed 0.4 percent quarter-on-quarter, in line with the preliminary estimate, but slower than the 0.7 percent expansion seen in the March quarter.
Revised quarterly national accounts from Germany is due on Wednesday, headlining a light day for the European economic news.