Producer and consumer prices from the U.K. are due on Tuesday, headlining a light day for the European economic news.
Members of the Reserve Bank of Australia's monetary policy board decided that it was appropriate to trim the nation's benchmark interest rate in order to spur economic growth, minutes from the RBA's May 8 meeting revealed on Tuesday. Economic growth is expected to come in slightly below trend, the RBA said, strengthening the case for a rate cut.
The dollar is currently losing ground against all of its major competitors Monday. However, the largest move to the downside was against the Japanese Yen. Japanese Economic Minister Akira Amari reportedly stated Sunday that the correction of the yen is "largely completed."
The Japanese government...
Thailand lowered its full-year growth outlook after weaker domestic demand and exports weighed on economic activity in the first three months of the year. Gross domestic product expanded 5.3 percent year-on-year in the first quarter of 2013 compared to an upwardly revised 19.1 percent growth in the fourth quarter of 2012, the National Economic and Social Development Board (NESDB) said Monday.
The fifth consecutive monthly increase in the U.K. house prices amid limited supply took average asking prices to a record, a survey by Rightmove showed Monday. House prices hit a record GBP 249,841 in May, as new sellers raised their prices by 2.1 percent from the prior month. Prices were up by the same magniture in April.
The Japanese government on Monday upgraded its assessment of the economy for the first time in two months, as a weak yen helped revive the country's exports and factory output. "The Japanese economy is picking up slowly," the Cabinet Office said in its May monthly report. This was an upgrade from previous month's assessment when it said that economy was showing signs of picking up.
The dollar is climbing against all of its major competitors at the end of the trading week. The stronger than expected increase in U.S. consumer confidence helped to assure investors of recovery in the U.S. economy, following the release of some weak data in recent days.
Consumer sentiment in the...
Led by building permits and the interest rate spread, leading economic indicators in the U.S. rose by more than anticipated in the month of April, according to a report released by the Conference Board on Friday. The Conference Board said its leading economic index rose by 0.6 percent in April following a revised 0.2 percent decrease in March.
Consumer sentiment in the U.S. has seen a substantial improvement in the month of May, according to a report released by Thomson Reuters and the University of Michigan on Friday, with the consumer sentiment index rising to its highest level in nearly six years.
Decline in Singapore's non-oil exports eased in April amid an improvement in overseas demand for the country's non-electronic products, a report from International Enterprise (IE) Singapore showed Friday. On a year-on-year basis, non-oil domestic exports fell 1 percent in April following a 4.8 percent fall in the previous month. The rate of decrease was weaker than the 1.9 percent drop expected.
Core machine orders in Japan surged a seasonally adjusted 14.2 percent on month in March to 793.1 billion yen, the Cabinet Office said on Friday rising for the fifth time in six months. The headline figure shattered forecasts for an increase of 3.5 percent following the downwardly revised 4.2 percent increase in February.
Output producer prices for New Zealand gained 0.8 percent in the first quarter of 2013 compared to the previous three months, Statistics New Zealand said on Friday.
That topped expectations for a flat reading following the 0.1 percent decline in the previous three months.
Input producer prices...
The dollar is slightly weaker against its major competitors Thursday, following the release of some disappointing economic reports. Weekly jobless claims increased more than expected, while housing starts declined more than expected.
With energy prices showing a substantial decrease, the Labor Department...
Manufacturing firms responding to the Federal Reserve Bank of Philadelphia's monthly Business Outlook Survey unexpectedly indicated that regional manufacturing activity has contracted in the month of May.
A report released by the Philly Fed on Thursday showed that its diffusion index of current activity fell to a negative 5.2 in May from a positive 1.3 in April.
With energy prices showing a substantial decrease, the Labor Department released a report on Thursday showing that U.S. consumer prices fell by slightly more than expected in the month of April.
The Labor Department said its consumer price index fell by 0.4 percent in April following a 0.2 percent drop in March. Economists had expected prices to decrease by about 0.3 percent.