The US Dollar did not manage to appreciate against the Japanese Yen at the moment the data on the US advance GDP was released.
The initial reaction to the release of the Census Bureau's report on the US durable goods orders was limited, as markets were focusing on the underlying data rather than the jump in the headline measure, which left the USD/JPY currency pair holding below the 111.40 mark.
Following a release of the FOMC statement, the US Dollar lost ground against the Japanese Yen, sending the currency pair down to the 111.70 area from earlier highs located above 112.00.
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.
Monday's Markit survey showed that the preliminary PMIs for the US manufacturing and services sectors almost matched analysts' forecasts and had little initial impact on the USD/JPY currency pair.
Monthly data on the US Building Permits contributed to the second straight day of gains in the USD/JPY currency pair.
Monthly data on the US Building Permits contributed to the second straight day of gains in the USD/JPY currency pair.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
The US Producer Price Index for final demand nudged up 0.1% in June on the back of sustained increases in services cost that managed to offset plunging energy prices, data released by the Labour Department revealed on Thursday.
On Wednesday, the Chair of the US Federal Reserve Janet Yellen testified on the Semi-annual Monetary Policy Report before the House Financial Services Committee in Washington DC.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
The US private sector created less jobs than expected last month, suggesting that the labour market was cooling after oversized gains registered earlier.
New orders for US-made goods declined more than estimated for the second consecutive month in May, a worrisome sign for the manufacturing industry.
US manufacturing activity rose more than expected last month, official figures showed on Monday.
US manufacturing activity rose more than expected last month, official figures showed on Monday.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter amid higher consumer spending.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter amid higher consumer spending.
Pending home sales in the United States dropped for the third consecutive month in May, official figures revealed on Wednesday.
The mood of American shoppers rose unexpectedly this month, hitting a 16-year high.
Orders for US-made durable goods dropped more than expected last month, pointing to a slowdown in the manufacturing sector.