Food prices in New Zealand climbed 2.0 percent on month in January, Statistics New Zealand said on Friday - marking the highest monthly rise since June 2013.
The January reading follows the 0.8 percent decline in December, and it marks the first positive reading in six months.
Fruit and vegetable...
The dollar is down against the Euro and the Japanese Yen again Thursday afternoon, a trend that has continued for nearly 2 weeks. Amidst a very light week for economic data, investors have focused on the testimony of Fed Chair Janet Yellen before Congress.
Yellen downplayed the possibility the central...
Following last week's mixed monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits fell by more than expected in the week ended February 6th.
Sweden's central bank cuts its key interest rates deeper into negative zone on Thursday in another attempt to bring krona down and push inflation to the 2 percent target. The bank also signaled that it was willing to take rates lower from the current negative levels, among other steps such as an extension of government bond purchases and foreign exchange market interventions if the krona appreci
Interest rate announcement from Riksbank is due on Thursday, headlining a light day for the European economic news.
The dollar is extending its losing streak against the Japanese Yen Wednesday afternoon and is also down against the British pound. However, the U.S. currency is holding onto a slight gain against the Euro. The weakness in the dollar appears to be due to hypothesis that the Fed will not be able to raise...
U.K. industrial production declined at a faster pace in December, rendering the quarterly performance the worst in nearly three years, which is expected to have dragged economic growth further at the end of 2015. Industrial production fell 1.1 percent month-on-month, faster than November's 0.8 percent drop, data from the Office for National Statistics showed Wednesday.
Industrial production from the U.K. and France are due on Wednesday, headlining a light day for the European economic news.
The dollar is losing ground against all its major rivals Tuesday afternoon. Continued concerns over global growth prospects continue to drive trading action, as economic data remains on the light side.
Investors are looking forward to 2 days of testimony by Fed Chair Janet Yellen before Congress...
With a drop in inventories of durable goods more than offsetting an uptick in inventories of non-durable goods, the Commerce Department released a report on Tuesday showing a modest decrease in U.S. wholesale inventories in the month of December.
The U.K. merchandise trade deficit narrowed in December despite exports falling for the third straight month, which suggested that weak trade dragged economic growth at the end of 2015. The visible trade deficit decreased to GBP 9.9 billion from GBP 11.5 billion in November, preliminary data from the Office for National Statistics showed Tuesday.
German industrial production fell the most in 16 months and exports declined at the fastest pace in four months in December, reflecting weak developments in the largest Eurozone economy. Data published by Destatis showed that industrial production fell 1.2 percent from November, confounding expectations for an increase of 0.5 percent.
Industrial production from Germany and foreign trade from the U.K. are due on Tuesday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance against its major rivals Monday afternoon. Equity markets taking yet another hard hit at the start of the new trading week, with investors fleeing riskier investments in favor of safe havens. The move is bolstering the Japanese Yen and gold.
The Indian economy is set to expand at a faster pace this fiscal year, the government estimated on Monday, even as growth eased in the December quarter, putting pressure on Prime Minister Narendra Modi administration to win backing for crucial economic reforms in the parliament.