• Mon, Apr 21, 2025 14:23
    Dollar Falls Further As Markets Fret About Growth, Fed's Freedom

    It was a weak performance by the U.S. Dollar during the week ended April 18, amidst renewed concerns about economic growth in the U.S.

  • Mon, Apr 21, 2025 11:32
    Canadian Dollar Slides As Oil Prices Drop

    The Canadian dollar weakened against most major currencies in the Asian session on Monday, as the crude oil prices fell due to fears of a U.S. recession mounted amid the tariff turmoil.

  • Mon, Apr 21, 2025 11:17
    U.S. Dollar Falls As Asian Shares Traded Higher

    The U.S. dollar weakened against other major currencies in the Asian session on Monday amid increasing risk-on mood by the investors, with markets in Hong Kong, Australia and New Zealand shut due to the Easter holiday, following progress in tariff discussions between the Trump administration and other major economies.

  • Mon, Apr 21, 2025 05:52
    China Holds Benchmark Lending Rates As Expected

    The People's Bank of China left its interest rates unchanged for the sixth successive session on Monday. The central bank retained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was 3.60 percent, unchanged from the previous month. The decision matched expectations.

  • Fri, Apr 18, 2025 07:32
    NZ Dollar Falls Amid RBNZ Rate Cut Speculations

    The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).

  • Thu, Apr 17, 2025 14:23
    Philly Fed Index Plummets To Two-Year Low In April

    The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep drop by its reading on regional manufacturing activity in the month of April. The Philly Fed said its diffusion index for current general activity plummeted to a negative 26.4 in April from a positive 12.5 in March, with a negative reading indicating contraction.

  • Thu, Apr 17, 2025 14:18
    U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low

    First-time claims for U.S. unemployment benefits unexpectedly saw a modest decrease in the week ended April 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 215,000, a decrease of 9,000 from the previous week's revised level of 224,000.

  • Thu, Apr 17, 2025 14:07
    ECB Cuts Interest Rates By 25 Bps Again Despite 'Exceptional Uncertainty'

    The European Central Bank slashed its key interest rates by a quarter basis point on Thursday, as expected, as policymakers assessed that disinflation remains on track but acknowledged that the significant uncertainty due to the escalation in the tariff war is going to hurt the Eurozone economic outlook.

  • Thu, Apr 17, 2025 14:07
    ECB Cuts Interest Rates By 25 Bps Again Amid 'Exceptional Uncertainty'

    The European Central Bank slashed its key interest rates by a quarter basis point on Thursday, as expected, as policymakers assessed that disinflation remains on track but acknowledged that the significant uncertainty due to the escalation in the tariff war is going to hurt the Eurozone economic outlook.

  • Thu, Apr 17, 2025 13:54
    U.S. Housing Starts Plunge 11.4% In March, Much More Than Expected

    A report released by the Commerce Department on Thursday showed new residential construction in the U.S. pulled back by much more than expected in the month of March. The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.

  • Thu, Apr 17, 2025 13:54
    Turkey Unexpectedly Lifts Rate By 350 Bps

    The Turkish central bank raised its key interest rate in a surprise move on Thursday, reversing the sharp easing cycle that began last December, and also expressed preparedness to keep the policy tight. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to raise the policy rate to 46.0 percent from 42.5 percent.

  • Thu, Apr 17, 2025 08:16
    Japan Exports Growth Slows More Than Expected

    Japan exports growth weakened more than expected in March partly reflecting the impact of US trade tariffs, while imports recovered moderately, official data showed on Thursday. Exports increased 3.9 percent on a yearly basis in March, slower than the 11.4 percent rise in February, the Ministry of Finance revealed.

  • Thu, Apr 17, 2025 07:37
    Australian Dollar Falls After Australia Employment Data

    The Australian dollar weakened against other major currencies in the Asian session on Thursday, following the release of Australia's employment data showing a smaller-than-expected rise in employment in March.

  • Thu, Apr 17, 2025 07:00
    Australia Employment Rebounds In Q1

    Australia's employment rebounded in the first quarter and the jobless rate rose only slightly, suggesting that the labor market remained resilient, data from the Australian Bureau of Statistics showed Thursday. The unemployment rate rose to 4.1 percent from downwardly revised 4.0 percent in the December quarter. The rate was expected to advance to 4.2 percent.

  • Thu, Apr 17, 2025 05:57
    New Zealand Inflation Rises To 2.5%

    New Zealand inflation accelerated for the first time in nearly three years in the first quarter but it remained well within the central bank target, official data showed on Thursday. Consumer price inflation rose to 2.5 percent in the first quarter from 2.2 percent in the preceding period, Sats NZ reported.

  • Thu, Apr 17, 2025 05:25
    Bank Of Korea Holds Rate Amid Trade Uncertainty, Won Volatility

    The Bank of Korea kept its interest rate unchanged on Thursday as uncertainty about future growth increased due to the changes in the US trade policies and the implementation of government stimulus measures, while the currency showed a high volatility over a short period of time. The monetary policy board, governed by Rhee Chang Yong, decided to maintain the Base Rate at 2.75 percent.

  • Wed, Apr 16, 2025 14:39
    U.S. Business Inventories Rise In Line With Estimates In February

    A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased in line with economist estimates in the month of February. The Commerce Department said business inventories rose by 0.2 percent in February after climbing by 0.3 percent in January.

  • Wed, Apr 16, 2025 14:28
    U.S. Homebuilder Confidence Unexpectedly Inches Higher In April

    The National Association of Home Builders released a report on Wednesday unexpectedly showing a slight improvement by U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index inched up to 40 in April after falling to 39 in March. Economists had expected the index to dip to 37.

  • Wed, Apr 16, 2025 14:15
    U.S. Industrial Production Falls 0.3% In March As Utilities Output Plummets

    Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March. The Fed said industrial production fell by 0.3 percent in March after climbing by an upwardly revised 0.8 percent in February.

  • Wed, Apr 16, 2025 13:57
    Bank Of Canada Leaves Interest Rates Unchanged Amid Tariff Uncertainty

    Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.

  • Wed, Apr 16, 2025 13:28
    U.S. Retail Sales Surge 1.4% In March As Auto Sales Spike

    Retail sales in the U.S. saw a sharp increase in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales shot up by 1.4 percent in March after inching up by 0.2 percent in February. Economists had expected retail sales to jump by 1.3 percent.

  • Wed, Apr 16, 2025 12:04
    Canadian Dollar Rises As BoC Set To Pause Interest Rate Easing Cycle

    The Canadian dollar strengthened against most major currencies in the European session on Wednesday, as the Bank of Canada (BoC) is expected to keep its policy rate unchanged, halting seven consecutive interest rate cuts.

  • Wed, Apr 16, 2025 09:50
    Eurozone Inflation Eases As Estimated

    Eurozone inflation slowed in March, as initially estimated, as energy prices declined for the first time in four months and services inflation softened for the third straight month. The harmonized index of consumer prices climbed 2.2 percent on a yearly basis in March, slightly slower than the 2.3 percent rise in February, final data from Eurostat showed on Wednesday.

  • Wed, Apr 16, 2025 09:40
    U.S. Dollar Falls As U.S. Recession Fears, Fed Rate Cut Bets

    The U.S. dollar weakened against other major currencies in the early European session on Wednesday, amid declining confidence in the U.S. economy and rising speculations that the Federal Reserve (Fed) will shortly start a new cycle of rate cuts.

  • Wed, Apr 16, 2025 09:35
    UK Inflation Slows To 2.6%

    UK consumer price inflation weakened more than expected to a three-month low in March ahead of an increase in energy bills in April, the Office for National Statistics said on Wednesday. Consumer prices registered an annual growth of 2.6 percent, slower than the 2.8 percent increase in February. Prices were forecast to climb 2.7 percent.