FX News

Powell Says It’s Likely To Take Longer To Achieve Confidence Inflation Is Slowing

Citing a "lack of progress" toward reaching the central bank's inflation goal, Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rates are likely to remain higher for longer. Powell's remarks came during a moderated discussion with Bank of Read More →

Dollar Gains Against Major Counterparts On Strong Retail Sales Data

The U.S. dollar gained against its major counterparts on Monday, as data showed a bigger than expected increase in the nation's retail sales in the month of March.Original Article Read More →

China Keeps Medium-Term Lending Facility Rate Unchanged

China left its medium-term lending facility rate unchanged on Monday as the central bank focus more on diverting risks to the weakening yuan. The People's Bank of China conducted CNY 100 billion of one-year MLF at an interest rate of Read More →

UK Economy Expands For Second Month

The UK economy expanded for the second straight month in February suggesting that it is set to move out of a technical recession, thanks to the rebound in manufacturing output. Real gross domestic product edged up 0.1 percent on a Read More →

U.S. Import Prices Climb 0.4% In March, Slightly More Than Expected

Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said import prices climbed by 0.4 percent in March after rising Read More →

U.S. Consumer Sentiment Drops More Than Expected, Inflation Expectations Rise

Consumer sentiment in the U.S. has deteriorated by more than expected in the month of April, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment fell to 77.9 in Read More →