Forex Top Story


australiacentralbank-082019.jpg The Reserve Bank of Australia would consider further monetary easing if needed to underpin sustainable growth and inflation and reviewed various unconventional policy loosening measures, according to the minutes of the meeting held in August. At the meeting, policymakers assessed it appropriate to view the developments in both global and domestic economies before cutting rates further.

preview-aug20.jpg Producer price data from Germany is due on Tuesday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland publishes July unemployment report. The jobless rate stood at 6.2 percent in June. At 2.00 am ET, Destatis is scheduled to issue Germany's producer price data. Prices are forecast to rise 1 percent annually in July after climbing 1.2 percent in June.

The U.S. dollar gained against most major currencies on Monday amid hopes global central banks would step up stimulus to revive sagging economies and on positive comments by U.S. President Donald Trump about the U.S. economy.

multibrandwarehouse-jun06_19aug19.jpg The German economy could shrink further in the third quarter as the slowdown in the industry continues and this is set to gradually affect some parts of the service sector, the Bundesbank said in its monthly report, released Monday. Official estimates revealed last week that the biggest euro area economy contracted 0.1 percent in the second quarter.

thailandgdp-081919.jpg Thailand's economic growth outlook was downgraded further after the economy logged its weakest growth in five years in the second quarter due to subdued domestic demand and exports. Gross domestic product expanded 2.3 percent year-on-year in the second quarter, slower than the 2.8 percent increase seen in the first quarter, the National Economic and Social Development Council said Monday.

preview-aug19.jpg Final inflation from euro area is due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Statistics Austria is scheduled to release July consumer price data. Inflation had slowed to 1.6 percent in June from 1.7 percent in May. In the meantime, retail sales figures are due from Turkey. Also July consumer price data from Slovakia is due.

newzealandcpi-071510.jpg Producer price inputs in New Zealand climbed 0.3 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Monday - following the 0.9 percent drop in the three months prior. Producer price outputs advanced 0.5 percent on quarter after sliding 0.5 percent in the previous three...

After moving higher Friday morning on strong data on building permits and retail sales, the U.S. dollar retreated and gave up its gains as the session progressed.

consumer-shopping-081619.jpg Consumer sentiment in the U.S. has seen a significant deterioration in the month of August, according to a preliminary report released by the University of Michigan on Friday. The report said the consumer sentiment index tumbled to 92.1 in August after inching up to 98.4 in July. Economists had expected the index to dip to 97.2.

housingstarts-081649.jpg While the Commerce Department released a report on Friday showing an unexpected slump in housing starts in the month of July, the report also showed a much bigger than expected increase in building permits. The report said housing starts tumbled by 4.0 percent to an annual rate of 1.191 million from the revised June estimate of 1.241 million.

hongkong_16aug19.jpg Hong Kong's economy grew less-than-estimated in the second quarter as anti-government demonstrations started to weigh on economic activity. Gross domestic product expanded 0.5 percent on a yearly basis, instead of 0.6 percent estimated previously, revised data from the Census and Statistics Department showed Friday. The economy had advanced 0.6 percent in the first quarter.

thaiwanflag.jpg Taiwan's economic growth outlook for 2019 was revised up as the region is expected to withstand the adverse impact from trade protectionism and weak global growth. Real gross domestic product is forecast to grow 2.46 percent in 2019, compared to 2.19 percent projected in May, the Directorate-General of Budget, Accounting and Statistics, or DGBAS, said Friday.

malaysia-aug16.jpg Malaysia's economy grew more-than-expected in the second quarter as strong household spending offset the drag from the global slowdown, data from the Department of Statistics showed Friday. Gross domestic product grew a better-than-expected 4.9 percent from last year, faster than the 4.5 percent expansion seen in the first quarter, the Bank Negara Malaysia said in its quarterly bulletin. The rate

preview-aug16.jpg Foreign trade data from euro area is due on Friday, headlining a light day for the European economic news. At 3.00 am ET, the Czech Statistical Office is slated to issue producer prices for July. Economists forecast producer prices to climb 2.2 percent annually after increasing 2.5 percent in June.

With traders digesting a deluge of U.S. economic data, the U.S. dollar turned in lackluster performance during trading on Thursday. Currently, the U.S. dollar is trading at 106.01 yen compared to the 105.91 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar...

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