Forex Top Story


germanyflag-aug27_14feb19.jpg Germany's economy stagnated in the fourth quarter of 2018, thus skirting a technical recession, as trade failed to support growth amid the global trade tensions and the uncertainty linked to Brexit. Gross domestic product was unchanged from the third quarter, when the economy shrunk 0.2 percent, preliminary data from the Federal Statistical Office showed on Thursday.

chinatrade-oct12_14feb19.jpg China's foreign trade data for January came in stronger than expected with a surprise rise in exports and smaller decline in imports, official data showed on Thursday. Exports rose 9.1 percent year-on-year in January, defying economists' expectations for a 3.2 percent fall. In December, exports dropped 4.4 percent.

Following the pullback seen in the previous session, the value of the U.S. dollar has moved back to the upside on Wednesday.

usd-jpy-021319.jpg The U.S. dollar drifted higher against its key counterparts in the European session on Wednesday, as a data showed that U.S. consumer inflation remained unchanged in January and on media reports that President Trump is willing to sign a Congressional spending package on a border security agreement to...

riksbank-021517_13feb19.jpg weden's central bank left its key interest rate unchanged in February on lower growth and near-target inflation, after raising it in December, and reiterated the rate would be hiked in the second half of the year and beyond. The Executive Board decided to hold the repo rate unchanged at -0.25 percent, the Riksbank said in a statement on Wednesday.

cpi-chart-021319.jpg Consumer prices in the U.S. were unchanged for the third straight month in January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index was unchanged in January, matching the revised reading for December.

ukinflation-aug15_13feb19.jpg UK consumer prices rose at the slowest pace in two years in January led by lower oil prices, and fell below the Bank of England's target, while core inflation remained steady. The consumer price index rose 1.8 percent year-on-year following a 2.1 percent increase in December, figures from the Office for National Statistics showed Wednesday. Economists had expected 2 percent inflation.

newzealandcpi-071510.jpg The Reserve Bank of New Zealand on Wednesday kept its Official Cash Rate at the record low of 1.75 percent for the 15th straight meeting. The decision was in line with expectations following a 0.25 percent rate cut in November 2016. The central bank has pared a collective 0.50 percent from its benchmark in the last 25 months, lowering the rate in six of the last 22 meetings after six straight sessions with no change.

After an eight-session winning streak, the U.S. dollar turned a bit easy on Tuesday as investors looked at riskier assets amid optimism about the outcome of upcoming trade talks between U.S. and Chinese officials.

ecbcarney-sep12_12feb19.jpg The time may have come to reorder globalization to develop a more inclusive and resilient economy and Brexit could be a test for such efforts, Bank of England Governor Mark Carney said Tuesday. "In many respects, Brexit is the first test of a new global order and could prove the acid test of whether a way can be found to broaden the benefits of openness while enhancing democratic accountability."

indiagdp-052917_12feb19.jpg India's consumer price inflation unexpectedly slowed in January, mainly due to a fall in food prices, while industrial production grew at a faster-than-expected pace at the end of last year. The consumer price index rose 2.05 percent year-on-year following a 2.11 percent climb in December, which was revised from 2.19 percent, figures from the Central Statistics Office showed on Tuesday.

newzealandcpi-071510.jpg Overall credit card spending in New Zealand climbed a seasonally adjusted 2.0 percent on month in January, Statistics New Zealand said on Tuesday. That beat expectations for a gain of 1.6 percent following the 1.9 percent contraction in December. Retail credit card spending was up 1.8 percent on...

dollar03_11feb19.jpg The dollar strengthened against major currencies on Monday, extending gains to a seventh straight day, amid lingering worries about the outlook for global economic growth.

uk-export-factory-051117_11feb19.jpg Britain's economic growth slowed sharply in the fourth quarter of 2018, and the full year growth was the slowest in six years, as activity was dampened by Brexit worries and global trade tensions. Gross domestic product grew 0.2 percent from the third quarter, when the economy expanded 0.6 percent, preliminary figures from the Office For National Statistics showed on Monday.

dollarcrowd-102810_08feb19.jpg The U.S. dollar has gained in strength this week on safe haven appeal, amid rising worries about global growth and uncertainty about a U.S.-China trade deal ahead of the March 1 deadline.

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