Monthly archive May, 2019

The U.S. dollar stayed firm against most major currencies on Tuesday and the dollar index rose to a four-week high, on safe haven appeal, as traders continued to weigh the ongoing trade war and its impact on the global economy.Read More →

Reserve Bank of Australia Governor Philip Lowe signaled an interest rate cut in June to underpin growth in employment. Addressing the Economic Society of Australia in Brisbane on Tuesday, Lowe said, "A lower cash rate would support employment growth and Read More →

Quarterly national accounts data from Germany is due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis publishes Germany's GDP data. Economists forecast the largest euro area economy to expand 0.4 percent sequentially Read More →

Germany's economy expanded for the first time in three quarters, driven by domestic demand, preliminary data from Destatis showed Wednesday. Gross domestic product advanced 0.4 percent sequentially in the first quarter, after staying flat in the fourth quarter and contracting Read More →

Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. retail sales in the month of April. The Commerce Department said retail sales edged down by 0.2 percent in Read More →

New York manufacturing activity has picked up significantly in the month of May, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index jumped to Read More →