Citing a lack of clarity about when the risks to the U.S. economy will be resolved, the minutes of the Federal Reserve’s latest monetary policy showed the central bank intends to remain flexible regarding future changes to interest rates. The minutes o…
Author: RTT - Forex Top Story
The International Monetary Fund cautioned that monetary policy easing are unlikely to lead to currency devaluations that are adequate enough to cause a sustained improvement in a country’s trade balance. Trade wars and currency devaluation concerns are…
Existing home sales in the U.S. showed a notable rebound in the month of July, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales jumped by 2.5 percent to an annual rate of 5.42 million in …
The UK budget balance showed a small surplus in July, figures from the Office for National Statistics showed Wednesday. Public sector net borrowing excluding public sector banks was in GBP 1.3 billion surplus in July. This was smaller by GBP 2.2 billio…
Public sector finance data from the UK is due on Wednesday, headlining a light day for the European economic news. At 12.30 am ET, Dutch consumer spending and consumer confidence reports are due. At 2.00 am ET, Statistics Norway is scheduled to issue u…
The U.S. dollar traded weak on Tuesday as treasury yields dropped and traders looked ahead to the minutes of the Federal Reserve’s July meeting, and Jerome Powell’s speech at the symposium in Jackson Hole later this week.
The Reserve Bank of Australia would consider further monetary easing if needed to underpin sustainable growth and inflation and reviewed various unconventional policy loosening measures, according to the minutes of the meeting held in August. At the me…
Producer price data from Germany is due on Tuesday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland publishes July unemployment report. The jobless rate stood at 6.2 percent in June. At 2.00 am ET, Destatis is s…
The U.S. dollar gained against most major currencies on Monday amid hopes global central banks would step up stimulus to revive sagging economies and on positive comments by U.S. President Donald Trump about the U.S. economy.
The German economy could shrink further in the third quarter as the slowdown in the industry continues and this is set to gradually affect some parts of the service sector, the Bundesbank said in its monthly report, released Monday. Official estimates …