The Japanese yen strengthened against other major currencies in the early European session on Wednesday, as some traders speculate that the Bank of Japan or the BoJ is likely to consider a 50bps increase at its next meeting. As Prime Minister Sanae Takaichi's administration takes a stronger stand...
China's consumer price inflation increased in August, driven by higher technology and energy prices, and producer price inflation exceeded economists' forecasts, official data revealed Wednesday. Consumer prices advanced 0.8 percent in August from last year, faster than the 0.5 percent rise in July, the National Bureau of Statistics said.
The U.S. Dollar value ended nearly flat as the ongoing U.S.-Iran war with no positive signal on both sides returning to negotiations, thereby leaving the Strait of Hormuz shut pushed crude oil prices higher, strengthening the forecasts of a high-interest rate regime in the U.S.
A robust job market update from the U.S. on Friday limited the dollar's decline in the wake of dovish comments from a Fed official.
The Canadian dollar strengthened against other major currencies in the European session on Tuesday, with Brent crude futures surging toward $100 a barrel on growing risks of a prolonged conflict in the Middle East. Brent crude prices were up nearly 2 percent at $98.97 a barrel, hitting a six-week...
The antipodean currencies such as the Australia and New Zealand dollars weakened against their major currencies in the European session on Tuesday, amid escalating Middle East tensions revived inflation and interest-rate concerns. Spot gold slipped 0.2 percent to $4,396.21 an ounce while U.S. gold...
China's exports registered a notable growth in August, reflecting strong foreign demand for hi-tech products, official data showed Tuesday. Exports increased 25.0 percent year-on-year in August, faster than the 23.9 percent growth in July, the General Administration of Customs said. The annual growth came in line with expectations.
Germany's exports decreased for the first time in six months in July but the trade surplus increased more than expected due to the notable fall in imports, official data showed on Tuesday. Exports decreased 0.8 percent on a monthly basis in July, in contrast to the 0.9 percent increase in June, Destatis said.
Japan's economy expanded more than initially estimated in the second quarter largely due to the upward revision to business investment, second estimate from the Cabinet Office showed Tuesday. Gross domestic product grew 1.4 percent on an annualized basis in the second quarter, which was revised up from the preliminary estimate of 1.1 percent.
The euro area economy expanded more than initially estimated in the second quarter, underpinned by exports and consumer spending, revised data from Eurostat showed Monday. Gross domestic product grew 0.6 percent sequentially after remaining flat in the first quarter. The second quarter growth was revised up from 0.4 percent estimated previously.
Eurozone investor sentiment rose for the fifth straight month in September, reaching its highest level since early 2022, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index climbed more-than-expected to 5.1 in September from 0.9 in August. The reading was seen at 2.1. The latest reading was the highest since February 2022.
The Japanese yen strengthened against other major currencies in the European session on Monday, as traders bet that the Bank of Japan or the BoJ is likely to raise its interest rate by a quarter point at its September 18 meeting. Top currency official Atsushi Mimura and Finance Minister Satsuki Katayama...
Germany's industrial output declined at the fastest pace in almost a year in July, largely reflecting a multi-week production shutdown in the automotive industry, official data revealed Monday. Industrial production fell 1.1 percent on a monthly basis in July after remaining flat in June. This was the biggest decline since last August, when output was down 2.1 percent.
The Japanese yen strengthened against other major currencies in the European session on Monday. The yen rose to near 10-month highs of 179.23 against the euro and 190.51 against the Swiss franc, from early lows of 181.46 and 192.90, respectively. Against the pound and the U.S. dollar, the yen...
UK house prices declined for the first time since late 2023 in August, data published by Lloyds Banking Group showed Monday. House prices dropped 0.4 percent on an annual basis in July, marking the first decrease since November 2023. The drop followed a marginal 0.1 percent rise in July.
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.