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newzealandcpi-071510.jpg New Zealand's gross domestic product was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Thursday. That exceeded expectations for an increase of 0.5 percent although it slowed from 0.6 percent in the first quarter. On an annualized yearly...

The U.S. dollar surged higher and gained against most major currencies on Wednesday after the Federal Reserve stopped short of hinting at future easing even as it cut interest rates by 25 basis points at the conclusion of their two-day monetary policy meeting.

eccles-building-110818_18sep19.jpg After lowering interest rates for the first time in over a decade in late July, the Federal Reserve announced another interest rate cut following a two-day monetary policy meeting that ended on Wednesday. The Fed revealed its widely expected decision to cut rates by another 25 basis points, lowering the target range for the federal funds rate to 1-3/4 to 2 percent.

homebuilding-091819.jpg New residential construction in the U.S. showed a substantial rebound in the month of August, according to a report released by the Commerce Department on Wednesday. The report said housing starts soared by 12.3 percent to an annual rate of 1.364 million in August after slumping by 1.5 percent to a revised rate of 1.215 million in July.

bankofengland-3-fx_18sep19.jpg The Bank of England is set to hold its key interest rate steady on Thursday, at the final policy session ahead of the Brexit scheduled on October 31. Policymakers are likely to retain the interest rate at 0.75 percent and quantitative easing at GBP 435 billion. The announcement is due at 7.00 am ET.

eurozoneflag-aug23_18sep19.jpg Eurozone inflation was stable in August at its lowest level in nearly three years, latest data from the Eurostat showed on Wednesday, confirming the preliminary estimates released on August 30. Headline inflation was 1 percent in August, the same as in July. The rate was the lowest since November 2016.

ukinflation-071719_18sep19.jpg UK consumer price inflation eased to a 32-month low in August as computer games and clothing turned cheaper, data from the Office for National Statistics showed Wednesday. Consumer price inflation eased to 1.7 percent from 2.1 percent in July. The rate was forecast to ease moderately to 1.9 percent. This was the lowest rate since December 2016 and well below the central bank's 2 percent target.

preview-sept18.jpg Consumer and producer prices data from the UK is due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, average gross wages data from Poland is due. Economists forecast average gross wages to rise 6.8 percent annually in August after climbing 7.4 percent in July. In the meantime, Statistics Austria publishes August inflation figures.

The U.S. dollar was notably lower on Tuesday, ahead of the Federal Reserve's monetary policy statement.

homebuiders-091719.jpg Reflecting low interest rates and solid demand, the National Association of Home Builders released a report on Tuesday showing an unexpected improvement in U.S. homebuilder confidence in the month of September. The report said the NAHB/Wells Fargo Housing Market Index inched up to 68 in September from an upwardly revised August reading of 67.

indusproduction-091719.jpg After unexpectedly reporting a modest drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Tuesday showing industrial production rebounded by much more than anticipated in the month of August. The report said industrial production climbed by 0.6 percent in August after edging down by a revised 0.1 percent in August.

eurozonegermanyflag-aug30_17sep19.jpg Germany's economic sentiment improved strongly and at a faster-than-expected pace in September, after a slump in August, but the economic outlook remains negative, results of a survey by the ZEW - Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment for Germany climbed to -22.5 from -44.1 in August. Economists had expected a -38 reading.

swiss-nov29_17sep19.jpg Switzerland's economic growth forecast for this year was slashed on Tuesday, as the country's exports and investment are being hurt by a slowing global economy and high uncertainty. The growth forecast for this year was cut to 0.8 percent from 1.2 percent predicted in June, the State Secretariat for Economic Affairs said in a report.

preview-sept17.jpg Economic confidence from Germany is due on Tuesday, headlining a light day for the European economic news. At 3.30 am ET, Statistics Sweden is scheduled to issue unemployment data for August. The jobless rate is seen falling to 6.3 percent from 6.9 percent in July.

The U.S. dollar gained significant ground against most major currencies on Monday, after U.S. President said he has authorized the release of oil from the Strategic Petroleum Reserve to help keep oil markets well supplied.

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