Forex Top Story

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised.

After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December. NAR said its pending home sales index jumped by 2.5 percent to 76.9 in December after tumbling by 2.6 percent to a revised 75.0 in November.

Personal income in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Commerce Department on Friday. The report said personal income inched up by 0.2 percent in December after rising by a downwardly revised 0.3 percent in November.

Eurozone M3 money supply growth eased more than expected in December and credit to the private sector grew at a slower rate, the European Central Bank said on Friday, suggesting that the interest rate hikes are starting to take effect on the real economy.

Business sentiment in New Zealand improved strongly at the start of the year from a record low in December, as the shock of November's interest rate hike and recession worries eased in the economy, though the mood remained gloomy about the outlook amid intense inflationary pressures and the prospect of more policy tightening by the central bank, survey results from ANZ showed on Friday.

Preliminary estimates for the fourth quarter growth of the Spanish economy and lending data for the euro area are the key data releases on the closing day of this trading week.

After moving notably higher earlier on Thursday, the value of the U.S. dollar has given back some ground but continues to see modest strength.

The U.S. dollar advanced against its most major counterparts in the European session on Thursday, as the economy expanded more than forecast in the fourth quarter, reducing concerns over a recession amid the Fed's attempts to cool inflation. Data from the Commerce Department showed that U.S. economic...

New home sales in the U.S. increased for the third straight month in December, the Commerce Department revealed in a report released on Thursday. The report said new home sales surged by 2.3 percent to an annual rate of 616,000 in December after climbing by 0.7 percent to a downwardly revised rate of 602,000 in November.

A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of December. The Commerce Department said durable goods orders spiked by 5.6 percent in December after tumbling by 1.7 percent in November.

The Commerce Department released a report on Thursday showing U.S. economic activity surged by more than expected in the fourth quarter of 2022. The report said real gross domestic product shot up by 2.9 percent in the fourth quarter after spiking by 3.2 percent in the third quarter. Economists had expected GDP to jump by 2.6 percent.

First-time claims for U.S. unemployment benefits unexpectedly showed another modest decrease in the week ended January 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 186,000, a decrease of 6,000 from the previous week's revised level of 192,000.

The Philippines' economy advanced at a solid pace in the fourth quarter, underpinned by robust household consumption despite rising inflationary pressures and increased borrowing costs, data from the Philippine Statistics Authority showed on Thursday.

UK retail sales volumes dropped at a faster-than-expected pace at the start of the year, and retailers expect them to decline again next month, but at a slightly slower rate, survey data from the Confederation of British Industry, or CBI, showed Thursday.

Irish consumer confidence improved at the start of the year to the highest level in seven months amid a let up in the cost of living crisis due to a drop in inflation after Christmas, survey data from Credit Union and Core Research showed on Thursday.