Forex Top Story


newzealandcpi-071510.jpg New Zealand's gross domestic product grew a seasonally adjusted 0.6 percent on quarter in the first three months of 2019, Statistics New Zealand said on Thursday - matching forecasts and unchanged from the previous quarter. On an annualized yearly basis, GDP was up 2.5 percent - exceeding forecasts...

The U.S. dollar drifted lower against most major currencies on Wednesday after the Federal Reserve left interest rates unchanged and said it will "act as appropriate" to sustain the U.S. economic expansion amid increasing uncertainties about the outlook for the economy.

jeromepowell-060419.jpg In a move largely telegraphed by Federal Reserve Chairman Jerome Powell, the Fed has declared that it will "act as appropriate" to sustain the U.S. economic expansion amid increasing uncertainties about the outlook for the economy. The Fed announced its widely expected decision to leave interest rates unchanged on Wednesday, with the focus largely on the wording of the accompanying statement.

deguindos-ecb-061919.jpg European Central Bank Vice President Luis de Guindos said that the central bank will react with a combination of measures if it perceives that inflation is set to deviate from its target, and further asset purchases remain a possibility. Speaking to the broadcaster CNBC, de Guindos said ECB has an ample range of instruments at its disposal and quantitative easing, or QE, is "one of them".

ukinflation-190619.jpg UK inflation slowed to the central bank target in May, thanks to lower costs for air travel and falling car prices, data from the Office for National Statistics showed Wednesday. Consumer price inflation hit the Bank of England's target of 2 percent in May versus 2.1 percent in April. The rate also matched economists' expectations.

dutch-jun19.jpg The Dutch economic growth is set to slow this year and next as global headwinds such as trade tensions and geopolitical factors weigh on exports. The Bureau of Economic Policy Analysis, or CPB, which is the government forecasting agency, projected 1.7 percent economic growth for this year versus 1.5 percent forecast in March.

preview-jun19.jpg Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, the National Institute of Economic Research releases Sweden's quarterly economy report and economic tendency survey data. The economic sentiment index is forecast to drop to 99.5 in June from 99.8 in May.

japanexports-112510.jpg Japan posted a merchandise trade deficit of 967.1 billion yen in May, the Ministry of Finance said on Wednesday - up 67.5 percent on year. That exceeded expectations for a shortfall of 1,207.0 billion yen following the 110.9 billion yen deficit in April. Exports were down 7.8 percent on year to...

newzealandcpi-071510.jpg New Zealand posted a seasonally adjusted current account deficit of NZ$2.6 billion in the first quarter of 2019, Statistics New Zealand said on Wednesday - following the NZ$3.256 billion shortfall in the three months prior. The current account/GDP ratio was down 3.6 percent on year versus expectations...

The U.S. Dollar was little changed for a second straight session as traders stayed reluctant to create significant long or short positions on Tuesday, as they awaited the Federal Reserve's monetary policy statement.

homeconstruction-061819.jpg A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly decreased in the month of May, although from an upwardly revised level. The Commerce Department said housing starts slid by 0.9 percent to an annual rate of 1.269 million in May from an upwardly revised April estimate of 1.281 million.

draghi-ecb-061819.jpg European Central Bank President Mario Draghi said on Tuesday that the central bank still has room to cut interest rates and measures to cushion the side effect from low interest rates, triggering accusation from the US President Donald Trump that such comments were unfair to his country.

germany-jun14.jpg Germany's economic confidence weakened sharply to a seven-month low in June on trade disputes, geopolitical factors and weak domestic activity, survey data from the ZEW-Leibniz Centre for European Economic Research showed on Tuesday. The economic sentiment index dropped 19 points to -21.1 in June from -2.1 in May. This was the lowest reading since November 2018. The score was forecast to fall mod

euro-jun18.jpg The euro fell sharply Tuesday after European Central Bank President Mario Draghi said additional stimulus measures would be required if the inflationary goal is threatened against the backdrop of geopolitical factors and trade tensions. Draghi is open to new rate cuts or asset purchases.

preview-jun18.jpg Economic sentiment data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association publishes Europe's new car registrations data for May. Sales had dropped 0.4 percent annually in April.

Follow RTT