The U.S. dollar drifted lower against most major currencies on Wednesday after the Federal Reserve left interest rates unchanged and said it will “act as appropriate” to sustain the U.S. economic expansion amid increasing uncertainties about the outloo…
Author: RTT - Forex Top Story
In a move largely telegraphed by Federal Reserve Chairman Jerome Powell, the Fed has declared that it will “act as appropriate” to sustain the U.S. economic expansion amid increasing uncertainties about the outlook for the economy. The Fed announced it…
European Central Bank Vice President Luis de Guindos said that the central bank will react with a combination of measures if it perceives that inflation is set to deviate from its target, and further asset purchases remain a possibility. Speaking to th…
UK inflation slowed to the central bank target in May, thanks to lower costs for air travel and falling car prices, data from the Office for National Statistics showed Wednesday. Consumer price inflation hit the Bank of England’s target of 2 percent in…
The Dutch economic growth is set to slow this year and next as global headwinds such as trade tensions and geopolitical factors weigh on exports. The Bureau of Economic Policy Analysis, or CPB, which is the government forecasting agency, projected 1.7 …
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, the National Institute of Economic Research releases Sweden’s quarterly economy report and economic tendency survey dat…
Japan posted a merchandise trade deficit of 967.1 billion yen in May, the Ministry of Finance said on Wednesday – up 67.5 percent on year.
New Zealand posted a seasonally adjusted current account deficit of NZ$2.6 billion in the first quarter of 2019, Statistics New Zealand said on Wednesday – following the NZ$3.256 billion shortfall in the three months prior.
The U.S. Dollar was little changed for a second straight session as traders stayed reluctant to create significant long or short positions on Tuesday, as they awaited the Federal Reserve’s monetary policy statement.
A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly decreased in the month of May, although from an upwardly revised level. The Commerce Department said housing starts slid by 0.9 percent…