Forex Top Story


The U.S. Dollar drifted lower against most of its major rivals on Wednesday, with traders reacting to the monetary policy announcement from the Bank of Canada, and looking ahead to the policy statements from the Bank of Japan and the European Central Bank.

uk budget 042517 27oct21 UK Chancellor Rishi Sunak raised the public spending by a massive GBP 150 billion in an effort to underpin a strong economic recovery after the crisis caused by the coronavirus pandemic. That will be the largest increase this century, with spending growing by 3.8 percent a year in real terms by 2024-25,...

durable goods 102721 After reporting a sharp increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing durable goods orders pulled back by much less than expected in the month of September.

previewimage aug03 27oct21 UK Chancellor of the Exchequer Rishi Sunak is set to unveil his Autumn Budget on Wednesday with stringent fiscal rules. The chancellor is expected to increase NHS spending and investment on skill development. The budget announcement is due at 8.30 AM ET. At 2.00 am ET, the market research group Gfk publishes Germany's consumer sentiment survey data.

The U.S. dollar, which drifted lower in the European session, recovered and gained in strength subsequently, riding on strong consumer confidence and new home sales data.

new home sales 102621 New home sales in the U.S. skyrocketed in the month of September, according to a report released by the Commerce Department on Tuesday. The report said new home sales soared by 14.0 percent to an annual rate of 800,000 in September after falling by 1.4 percent to a downwardly revised rate of 702,000 in August.

consumer confidence 102621 Reflecting easing concerns about the Delta variant of the coronavirus, the Conference Board released a report on Tuesday showing U.S. consumer confidence reversed a three-month downward trend in the month of October. The Conference Board said its consumer confidence index climbed to 113.8 in October from an upwardly revised 109.8 in September.

bank of korea 040915 South Korea's gross domestic product rose a seasonally adjusted 0.3 percent on quarter in the third quarter of 2021, the Bank of Korea said in Tuesday's advance estimate. That was shy of expectations for an increase of 0.6 percent and down from 0.8 percent in the previous three months. On an annualized...

The U.S. dollar firmed against most of its major rivals on Monday, as concerns over rising inflationary pressures lifted the demand for the safe-have currency.

germanyflag aug27 25oct21 German business confidence weakened for the fourth consecutive month in October to hit an eight-month low as supply bottlenecks weighed heavily on expectations, survey results from the ifo Institute showed on Monday. The business confidence index fell more-than-expected to 97.7 in October from revised 98.9 in September. The expected level was 97.9.

previewimage sept25 25oct21 Business confidence survey data from Germany is due on Monday, headlining a light day for the European economic news. At 3.00 AM ET, business confidence survey results are due from the Czech Statistical Office. Also, manufacturing sentiment survey data is due from Turkey.

The U.S. dollar exhibited weakness against most of its peers on Friday with traders reacting to a slew of economic data and weighing Fed Chairman Jerome Powell's comments about tapering of the central bank's bond buying program.

ukpmi aug03 22oct21 The UK private sector growth accelerated unexpectedly in October as the easing of pandemic related restriction boosted business and consumer spending amid cost inflation reaching a record high on shortages of staff and materials, a private survey revealed Friday. The composite output index rose to 56.8, a three-month high, from 54.9 in the previous month.

eurozone 112819 22oct21 Eurozone private sector growth eased sharply to a six-month low in October amid rising supply bottlenecks and COVID-19 concerns, flash survey results from IHS Markit showed on Friday. The composite output index dropped to 54.3 in October from 56.2 in September. The reading was expected to fall to 55.2.

previewimage aug03 22oct21 Flash Purchasing Managers' survey results and retail sales from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to grow 0.5 percent on month, in contrast to the 0.9 percent decrease in August.

Follow RTT