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The U.S. dollar eased on Friday, retreating from two-year highs recorded a session earlier, amid speculation about a rate cut after recent data from Markit showed a slowdown in U.S. manufacturing activity in May amid escalating trade tensions with China.

durable-goods-orders-052419.jpg After reporting a significant rebound in new orders for U.S. durable goods in the previous month, the Commerce Department released a report on Friday showing durable goods orders pulled back in the month of April.

ukretailsales-may24.jpg UK retail sales performed better-than-expected in April as warm weather boosted clothing sales, data from the Office for National Statistics showed Friday. The retail sales volume remained unchanged month-on-month, after rising 1.2 percent in March. Sales were forecast to drop 0.3 percent.

pound-may24.jpg The pound spiked higher against its major counterparts in the European session on Friday, after U.K. Prime Minister Theresa May announced that she would step down from her post following the failure to get Brexit deal passed through Parliament that is deadlocked with infighting within Conservative party. In...

preview-may24.jpg Retail sales data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Finland's producer price data is due for April. Prices had remained flat on month in March. At 3.00 am ET, Statistics Austria releases industrial production for March. Production had increased 0.6 percent on month in February.

newzealandcpi-071510.jpg New Zealand posted a merchandise trade surplus of NZ$433 million in April, Statistics Mew Zealand said on Friday. That beat expectations for a surplus of NZ$400 million following the downwardly revised NZ$824 million surplus in March (originally NZ$922 million). Exports were up NZ$581 million or...

The U.S. dollar rose to a two-year high, surging to 98.37 early on Thursday, but retreated and pared its gains subsequently, weighed down by the minutes of the Federal Reserve's latest policy meeting that said the central bank would remain patient with regard to rate cuts for some time.

new-home-sales-052319.jpg After reporting an unexpected jump in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than anticipated in the month of April.

ecb-102418_23may19.jpg European Central Bank policymakers acknowledged that they were less confident regarding a return of solid growth in the euro area in the second half of the year, minutes of the April 9-10 policy session showed on Thursday. Policymakers acknowledged that some recent data had turned out even weaker than expected, the minutes said.

germanyflag-aug27_23may19.jpg German business confidence eroded to the lowest level in over four years in May amid rising concerns over global trade tensions, thus shrugging off the positive impact of the modest economic growth in the first quarter, and damping hopes of a recovery in the biggest euro area economy in the near term.

jobless-claims-052319.jpg First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended May 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 211,000.

eurozonepmi-may23.jpg Eurozone private sector growth remained subdued in May as manufacturing contracted further, survey data from IHS Markit showed Thursday. The composite output index rose marginally to 51.6 in May from 51.5 in April. The score was forecast to rise to 51.7. A reading above 50 indicates expansion.

preview-may23.jpg Revised quarterly national accounts, flash purchasing managers' survey results and Ifo business confidence are due from Germany, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's GDP data. GDP is forecast to grow 0.4 percent sequentially in the first quarter, the same pace as initially estimated.

The greenback, which stayed mostly steady near a one-month high before the release of the minutes of the Federal Reserve's latest monetary policy meeting, continued to stay that way post release of the minutes as well.

eccles-building-110818_22may19.jpg Members of the Federal Reserve are in no rush to alter the path of interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes showed members agreed that a patient approach to determining future adjustments to rates would likely remain appropriate for "some time."

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