The U.S. dollar weakened against some major currencies on Friday, with riskier assets such as equities gaining ground as trade talks between the U.S. and China concluded in Washington and traders looked ahead to the meeting between President Donald Trump and Chinese Vice Premier Liu He.
Germany's business confidence fell for a sixth straight month in February to its lowest level in over four years, as firms continue to worry that the economic outlook is set to turn bleak due to worsening global trade tensions and political crises such as Brexit.
The U.S. dollar was fairly steady against major currencies on Thursday even as the latest batch of economic data turned out to be a bit disappointing.
With weakness in labor market components offsetting strengths in the financial components, the Conference Board released a report on Thursday unexpectedly showing a modest drop by its reading on leading U.S. economic indicators in the month of January.
Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales tumbled by 1.2 percent to an annual rate of 4.94 million.
European Central Bank policymakers acknowledged that the uncertainty surrounding the euro area growth and inflation outlook has risen recently, thus raising the need for significant stimulus, possibly in the form of a new batch of longer term loans for banks to boost lending to the real economy, minutes of the January 23-24 policy session showed on Thursday.
Philadelphia-area manufacturing activity contracted for the first time since May of 2016, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its index for current manufacturing activity in the region tumbled to a negative 4.1 in February.
Reflecting a continued spike in orders for transportation equipment, the Commerce Department released a report on Thursday showing a significant increase in U.S. durable goods orders in the month of December.
First-time claims for U.S. unemployment benefits fell more than expected in the week ended February 16th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 216,000.
Eurozone's private sector expanded at the fastest pace in three months in February, led by stronger growth in services, while manufacturing contracted, preliminary survey data from IHS Markit showed on Thursday. The flash Composite Purchasing Managers' Index rose to 51.4 from 51 in January. Economists had forecast a score of 51.1. A PMI reading above 50 suggests growth in the sector.
The U.S. dollar has turned in another lackluster performance during trading on Wednesday as traders digest the minutes of the latest Federal Reserve meeting.
The greenback is currently trading at 110.83 yen compared to the 110.63 yen it fetched at the close of New York trading on Tuesday. Against...
Investors were provided with further insight into the Federal Reserve's decision to change the forward guidance language and indicate a patient approach to raising interest rates in the minutes of the central bank's January monetary policy meeting.
Reflecting uncertainty about trade talks between the U.S. and China, the value of the U.S. dollar has fluctuated over the course of trading on Tuesday.
Reflecting growing consumer confidence and falling interest rates, the National Association of Home Builders released a report on Tuesday showing a significant increase in U.S. homebuilder confidence in the month of February.
Thailand's economy expanded at the fastest pace six years in 2018, driven by stronger domestic demand that offset slowing export growth, but the momentum is likely to lose steam due to a general election and a sluggish global economy. Gross domestic product grew 4.1 percent in 2018, after a 4 percent expansion in the previous year, the National Economic and Social Development Council said Monday.