The U.S. dollar rose against major currencies on Friday, buoyed by stronger than expected U.S. retail sales data. A drop in initial jobless claims and weak eurozone manufacturing data too contributed to the greenback's strength.
A report released by the Conference Board on Thursday showed its reading on U.S. leading economic indicators rose by slightly more than anticipated in the month of March. The Conference Board said its leading economic index climbed by 0.4 percent.
Business inventories in the U.S. increased by slightly less than anticipated in the month of February, according to a report released by the Commerce Department on Thursday.
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed the pace of growth in regional manufacturing activity slowed by more than anticipated in the month of April following a significant rebound in the previous month.
Retail sales in the U.S. spiked by much more than expected in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said retail sales soared by 1.6 percent in March after dipping by 0.2 percent in February.
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended April 13th, according to a report released by the Labor Department on Thursday, with jobless claims falling to a nearly 50-year low. The report said initial jobless claims dipped to 192,000.
The dollar exhibited slight weakness against most of its key rivals on Wednesday, as global growth worries eased a bit after data showed China's GDP saw a steady growth in the first quarter of 2019.
A report released by the Federal Reserve on Wednesday said U.S. economic activity expanded at a slight-to-moderate pace in March and early April. The report, known as the Beige Book, is a compilation of anecdotal evidence on economic conditions in the twelve Fed districts.
After reporting sharp increases in U.S. wholesale inventories in the two previous months, the Commerce Department released a report on Wednesday showing inventories rose by less than expected in the month of February.
China's economy grew at a stable pace in the first quarter of this year, defying expectations for a modest easing, led by robust investment, preliminary data from the National Bureau of Statistics showed on Wednesday. Gross domestic product grew 6.4 percent year-on-year, same as in the final three months of 2018. Economists had expected 6.3 percent growth.
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit unexpectedly narrowed in the month of February amid a jump in the value of exports. The Commerce Department said the trade deficit narrowed to $49.4 billion.
Inflation in New Zealand was up 0.1 percent on quarter in the first quarter of 2019, Statistics New Zealand said on Wednesday.
That was unchanged from the previous three months, although it was shy of expectations for a gain of 0.3 percent.
Alcoholic beverages and tobacco rose 4.7 percent, influenced...
The U.S. dollar was fairly steady against most major currencies on Tuesday, with traders reacting to a mixed batch of economic data from the U.S. and Europe and reports that several ECB members felt economic projections for Eurozone growth were too optimistic.
A report released by the National Association of Home Builders on Tuesday showed a modest improvement in U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index inched up to 63 in April after holding at 62 in March.
Germany's investor confidence rose sharply in April and topped economists' expectations, raising hopes of a rebound in the biggest euro area economy, but a sharp deterioration in the current assessment suggest that the outlook is set to remain greatly subdued in the near term.