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The U.S. dollar traded firm against most of its peers on Friday, edging further up from the lows it touched earlier in the week.

ukretailsales july18 20may22 UK retail sales grew unexpectedly in April despite consumer confidence sliding to a record low as soaring inflation boosted the cost of living further. Retail sales expanded 1.4 percent monthly, reversing a revised 1.2 percent decline in March, data published by the Office for National Statistics showed Friday.

chinacentralbank oct08 20may22 China's central bank unexpectedly lowered its lending rates for long-term loans, a move that is set to prop up lending to the property market. The five-year loan prime rate, or LPR, the benchmark for mortgage rates, was lowered by a record 15 basis points to 4.45 percent from 4.60 percent, the People's Bank of China said Friday. This was the second reduction this year.

preview oct19 20may22 Retail sales data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for April. Sales are forecast to fall 0.2 percent on a monthly basis, slower than the 1.4 percent decrease posted in March.

The U.S. dollar turned weak against most of its major counterparts on Thursday, after having rebounded in the previous session and regained some ground it had lost earlier in the week.

philippneflag may08 19may22 The Philippine central bank increased its benchmark interest rate for the first time in three-and-a-half years on Thursday, with an aim to curtail elevated inflation as domestic economic conditions started to rebound in the first quarter. The Monetary Board decided to raise its benchmark overnight...

existing home sales 051922 Existing home sales showed a significant decrease in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales tumbled 2.4 percent to an annual rate of 5.61 million in April after plunging by 3.0 percent to a revised rate of 5.75 million in March.

philadelphia fed 051922 Growth in Philadelphia-area manufacturing activity showed a significant slowdown in the month of May, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its current general activity index tumbled to 2.6 in May from 17.6 in April, hitting its lowest level in two years.

jobless claims2 051922 First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 14th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims rose to 218,000, an increase of 21,000 from the previous week's revised level of 197,000.

The U.S. dollar climbed higher against most of its major counterparts on Wednesday, buoyed by comments from Federal Reserve Chair Jerome Powell that the central bank is determined to keep raising interest rates until there is convincing evidence that inflation moves down.

ukretailsales july18 18may22 UK inflation jumped in April to surpass previous records, largely on food and fuel prices, signaling the high cost of living that is set to squeeze household incomes, and validating expectations for further tightening from the Bank of England this year. Inflation accelerated sharply to 9.0 percent in April from 7.0 percent in March, the Office for National Statistics said Wednesday.

preview oct08 18may22 Consumer and producer prices from the UK and new car registrations from Europe are the major reports due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for April. Inflation is expected to climb to 9.1 percent in April from 7.0 percent in March.

The U.S. dollar drifted down on Tuesday, coming further off the two-decade highs it touched late last week, as some upbeat economic data and easing Covid concerns in China triggered hectic buying in global equities and dimmed the currency's safe-haven appeal.

eurozone 112819 17may22 Euro area economy logged a steady growth in the first quarter, which was slightly faster than the preliminary estimate, latest data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially, the same rate as seen in the fourth quarter of 2021. The rate was revised up from the initial estimate of 0.2 percent.

franceflag jan30 17may22 France's unemployment rate decreased unexpectedly in the first quarter, though marginally, data from the statistical office INSEE showed on Tuesday. The ILO jobless rate eased to 7.3 percent in the March quarter from 7.4 percent in the December quarter. Economists had forecast the rate to remain stable at 7.4 percent.

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