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The U.S. dollar turned in another fine performance, gaining significant ground against its major rivals on Friday, as it continued to benefit from a hawkish policy outlook from the Federal Reserve.

uk aug15 18jun21 UK retail sales dropped in May as the reopening of all retail sectors and the easing of hospitality restrictions reduced food store sales, data from the Office for National Statistics revealed on Friday. Retail sales dropped 1.4 percent month-on-month in May, reversing a 9.2 percent rise in April and confounding expectations for an increase of 1.6 percent.

boj 031617 18jun21 The Bank of Japan maintained its massive monetary stimulus and announced the introduction of a new funding programme to support the efforts on climate change issues and also extended the deadline for Covid support programme. The board, governed by Haruhiko Kuroda, on Tuesday, voted 7-1, with 1 abstention, to hold the interest rate at -0.1 percent.

preview oct25 18jun21 Retail sales from the UK and current account from the euro area are 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 May. Sales are forecast to grow 1.6 percent on month, slower than the 9.2 percent increase seen in April.

The U.S. dollar gained against its major rivals on Thursday, riding on U.S. Federal Reserve's projections that interest rates might see two quarter-point hikes in 2023.

leading indicator 061721 Suggesting strong economic growth will continue in the near term, the Conference Board released a report on Thursday showing another significant increase by its index of leading U.S. economic indicators.

philadelphia fed 061721 Philadelphia-area manufacturing activity expanded at a slightly slower rate in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.

jobless claims3 061721 After reporting decreases in first-time claims for U.S. unemployment benefits for six straight weeks, the Labor Department released a report on Thursday showing an unexpected uptick in initial jobless claims in the week ended June 12th.

snb 031617 17jun21 The Swiss National Bank decided to continue with its expansionary monetary policy in order to ensure price stability and to support the ongoing economic recovery. Policymakers of the central bank on Thursday decided to retain the policy rate and interest on sight deposits at the SNB at -0.75 percent. The bank repeated that it is willing to intervene in the foreign exchange market as necessary.

swissfranc jun13 17jun21 The Swiss franc depreciated against its major trading partners in the European session on Thursday, after the Swiss National Bank maintained its expansionary monetary policy to stabilize economic activity and price pressures, while pledging to intervene in the foreign exchange market as necessary. Policymakers...

preview2 sept20 17jun21 The monetary policy decision from Switzerland and Norway are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue Europe's new car registrations data. In the meantime, Swiss foreign trade figures for May are due.

The jobless rate in Australia came in at a seasonally adjusted 5.1 percent in May, the Australian Bureau of Statistics said on Thursday - well below expectations for 5.5 percent, which would have been unchanged from the April reading. The Australian economy added 115,200 jobs last month to 13,125,100,...

newzealandcpi 071510 New Zealand's gross domestic product expanded 2.4 percent on year in the first three months of 2021, Statistics New Zealand said on Thursday. That exceeded expectations for an increase of 0.9 percent following the upwardly revised 0.8 percent contraction in the previous three months (originally -0.9...

After moving along the flat line since the start of the Asian session on Wednesday, the U.S. dollar climbed higher, scoring notable gains against most of its peers, after the Federal Reserve said it expects two rate increases by the end of 2023.

eccles building 110818 16jun21 The Federal Reserve made its highly anticipated monetary policy announcement Wednesday afternoon, and while the statement was largely unchanged from the previous meeting, the central bank's latest projections now point to an increase in interest rates in 2023.

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