"Trying to control the Loonie is off the table. A floating loon is a thing of beauty, and so is a floating Loonie."- Stephen Poloz, BoC GovernorManufacturing sales in Canada increased more than projected in July, calming market concerns over the nation's economic outlook. According to Statistics Canada, manufacturing sales rose by a seasonally adjusted 2.5%, which was well ahead
"It's not surprising to see the dollar rising mildly against the yen in a way consistent with economic and financial fundamentals"- Haruhiko Kuroda, BoJ GovernorBank of Japan Governor Haruhiko Kuroda said that a weakening in the nation's currency did not pose a problem for the economy as long as the move was steady and reflected economic developments. Kuroda's comments were
Britain's inflation declined further below the Bank of England's 2% target in August, easing pressure on the central bank to lift interest rates from their record low.
Producer prices in the U.S. did not bring any surprises in August, increasing at the same pace as in the previous month, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.
Ongoing geopolitical concerns and an impact of economic sanctions imposed on Russia continue to weigh on German investors mood.
The Swiss Franc lost vis-à-vis its major counterparts after the official data from the Federal Statistical Office showed the Swiss producer and import prices fell for the eleven straight month in August.
The Reserve Bank of Australia reiterated once again its pledge to keep the official cash rate on hold and it will not alter it any time soon to help the economy through a tough transition in growth.
While everyone is getting even more worried about the U.K. economic prospects, pulling almost 17 billion pounds out of the nation's economy, the biggest drain of financial assets since the Lehman collapse in 2008, as Scottish independence is looming, small businesses remain calm and confident.
Industrial production in the U.S. unexpectedly declined in August for the first time in seven months amid reversal in the auto-sector after a strong performance in the previous month.
The Euro zone's trade surplus widened in July, as exports rose faster than imports. Eurostat's data showed that trade surplus was 21.2 billion euros, up from 18.0 billion in the same period last year.
The Governor of the Bank of Japan Haruhiko Kuroda delivered a speech at the graduation ceremony for the National Graduate Institute for Policy Studies in Tokyo Friday morning.
China's industrial production, which measures output at factories, workshops and mines, dropped in August on waning export demand and a slowdown in real estate development that has impaired steel and cement production, according to the National Bureau of Statistics.
Output in the U.K.'s construction sector, which accounts for around 6.3% of total gross domestic product, was flat in July from the previous month, resulting in a decline of the annual growth rate to the lowest level in eight months as an expansion in private house building began to level off.
Retail sales in the U.S. rose at the fastest pace in four months in August, a sign that job growth in recent months has boosted consumer spending.
Industrial production in the Euro zone increase twice as much as anticipated in July, halting a two month streak of contraction and fuelling hopes that the region may start growing again in the third quarter, after recording no growth in the previous three months.
The divergence in monetary policy of central banks is getting wider, as some central banks are about to start normalizing their monetary policy, others keep the policy intact or even embark on further stimulus measures to revive growth.
Activity in New Zealand's manufacturing sector, which has been hard hit by the strong nation's currency, rose in August, prolonging the period of expansion to two years and reaching the strongest level in five months.
Employers in Australia provided a record number of jobs in August, while unemployment declined to the June's level last month, sparking optimism over the outlook for the labour market during Australia's economic transition.
U. K. house prices increased at the slowest pace in a year in August, as prospects of higher interest rates have dampened buyers' confidence.
The number of new applications for unemployment benefits increased last week to reach the highest level since June, but still remained near eight-year lows.
Mixed data came out on Thursday, with inflation readings in the top European countries recording slow growth of consumer price inflation, while unemployment rate in Greece ticked down slightly in June, continuing the positive trend from the preceding month.
The Reserve Bank of New Zealand has decided to keep rates unchanged and soften its stance on future rate hikes as it revised inflation outlook and reiterated that the nation's currency is too strong, sending the New Zealand Dollar to a seven-month low.
Consumers have been losing their confidence, as they became more worried about the economic and employment outlook amid renewed concerns about the federal budget.
The latest data regarding core machinery orders for the month of July released by the Cabinet Offices showed a slower increase of 3.5% in private-sector machinery orders, compared to the 8.8% growth in June, trailing from the forecasters' predictions of orders rising 4.1%.