Forex Top Story

Germany's consumer price inflation accelerated more than expected in November, preliminary figures from Destatis showed Monday. The consumer price index rose 5.2 percent year-on-year following a 4.5 percent increase in October. Economists had forecast 5.0 percent inflation. The record high of...

After reporting a notable pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing pending home sales rebounded by much more than expected in the month of October.

Eurozone economic confidence weakened to a six-month low in November largely due to the deterioration in consumer sentiment, survey results from the European Commission showed Monday. The economic sentiment index fell to 117.5 in November, in line with expectations, from 118.6 in the previous month. This was the lowest score since May.

Economic confidence from euro area and flash consumer prices from Germany are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, foreign trade and economic confidence reports are due from Turkey. At 3.00 am ET, Spain's INE publishes flash consumer prices for November. Economists expect harmonized consumer price inflation to rise to 5.6 percent from 5.4 percent in

Quarterly national accounts data from Switzerland is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's import prices for October. Import price inflation is expected to climb to 19.6 percent from 17.7 percent in September.

Staff projections in December may not resolve all uncertainties around the medium-term outlook and policymakers must keep sufficient options for future monetary policy actions, the minutes of the latest European Central Bank meeting showed Thursday.

The German economy expanded slightly less than estimated in the third quarter on weak investment and exports, revised data from Destatis showed on Thursday. Gross domestic product grew 1.7 percent sequentially in the third quarter, instead of 1.8 percent estimated on October 29. Destatis said the recovery of the German economy thus continued in summer, after the GDP had grown by 2.0 percent in

Germany's consumer confidence is set to deteriorate at a faster than expected rate in December as households turned more cautious amid the fourth wave of coronavirus and high inflation, results of a survey showed Thursday.

Sweden's central bank left its key interest rate unchanged, as widely expected on Thursday, and signaled a rate hike in 2024. At the monetary policy meeting, the Executive Board of Riksbank decided to hold the repo rate at zero percent. The bank forecast a rate hike in the latter part of 2024.

Revised quarterly national accounts and consumer sentiment survey results are due from Germany on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's GDP data for the third quarter. According to initial estimate, the economy had expanded 1.8 percent sequentially, after rising 1.9 percent in the second quarter.

With traders reacting to a slew of U.S. economic data, the U.S. dollar has moved higher on Wednesday, extending a recent upward trend.

Reflecting concerns about the pace of inflation, the minutes of the Federal Reserve's monetary policy meeting in early November revealed some participants felt the central bank should be prepared to raise interest rates sooner than currently anticipated.

The U.S. dollar spiked higher against its major counterparts in the New York session on Wednesday, as the nation's core personal consumption expenditure price index climbed to the highest level since 1991 in October, reinforcing hopes for a faster rate hike by the Federal Reserve. A plunge in initial...

The University of Michigan released a report on Wednesday showing consumer sentiment in the U.S. decreased by slightly less than initially estimated in the month of November. The report said the consumer sentiment index for November was upwardly revised to 67.4 from the preliminary reading of 66.8. Economists had expected the index to be upwardly revised to 66.9.

After reporting a sharp increase in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales saw continued growth in the month of October. The report said new home sales rose by 0.4 percent to an annual rate of 745,000 in October after spiking 7.1 percent to a downwardly revised rate of 742,000 in September.