FX News

Euro area expanded at a slower pace in the second quarter and inflation eased to a 17-month low in July, supporting the European Central Bank's view that the single currency economy needs significant stimulus as the outlook is getting "worse Read More →

Germany's labor market has started to show signs of being hurt by the economic slowdown that is fueled mainly by external factors, and the weaker momentum is reflecting in household spending, suggesting that the domestic resilience in the biggest euro Read More →

MNI Indicators released a report on Wednesday unexpectedly showing a continued contraction in Chicago-area business activity in the month of July. The report said the Chicago business barometer tumbled to 44.4 in July from 49.7 in June, with a reading Read More →

In a widely anticipated move, members of the Federal Reserve's Federal Open Market Committee voted Wednesday to lower interest rates by a quarter point. The Fed said it decided to lower the target range for the federal funds rate to Read More →

The U.S. dollar rose to a two-year high in late afternoon trades on Wednesday after the Federal Reserve cut interest rate as expected by 25 basis points and its chief Jerome Powell said that the rate cut should not be Read More →

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly more than anticipated in the month of July. ADP said private sector employment climbed by 156,000 jobs in July after rising Read More →