Canada's inflation climbed in October at the slowest pace in five months amid falling gasoline prices, Statistics Canada reported Friday.
The Japanese Yen plunged to the lowest level since July, hitting 101.35 on the back of better-than-expected data from the U.S., and amid concerns Japanese policymakers would not be able to achieve 2% inflation target within the planned schedule.
Britain's economy is performing well, at least much better than the neighboring Eurozone and other developed economies. Nevertheless, there are issues that are limiting the expansion.
It is not a surprise for anyone that Janet Yellen will become the next Fed Chairman. However, she made another important step for this position, as the Senate Banking Committee voted 14 to 8 to send Yellen's nomination to chair the U.S. central bank to the full Senate to wait for the confirmation.
Despite U.S. Dollar's bullishness and gloomy outlook for the Eurozone, the single currency managed to trade higher on Friday compared with week's opening price.
The U.S. Dollar was supposed to be one of the main gainers last week, as the Federal Reserve cited economic pickup, and hinted a possibility of tapering of its stimulus programme in the coming months.
For months analysts and economists, as well as Australian policymakers have been expressing their concerns over the strength of the Australian Dollar that has become a serious drag on the Australian economy.
As it was widely expected Japanese policymakers held off announcing any fresh stimulus measures to boost economic growth, citing moderate recovery and stressing out that earlier measures to stoke inflation are taking hold.
British public sector net borrowing increased less than expected last month, suggesting the pace of government and public corporations spending slowed compared with how much they earn.
Following Federal Reserve comments the economy is improving, another portion of positive fundamental data reinforced the case the economy is strong enough to withstand the upcoming tapering of central bank's stimulus programme.
Draghi was right, once again. During the last ECB meeting he noticed the 17-nation bloc should prepare for another period of subdued growth and weak inflationary pressure.
While the OECD forecasts accelerating growth for Canada over the next two years, but warns the nation's central bank may have to raise rates earlier than expected, the BoC Governor Stephen Poloz stressed out that weak inflation and growth are top concerns and said that he does not share the global economic think-tank's opinion that he should hike interest rates
Japan's trade deficit nearly doubled in October, as robust growth in exports to the U.S. and China was outpaced by sharp rise in energy imports in the wake of the nuclear industry's shutdown, according to the Finance Ministry's data.
The Monetary Policy Committee members unanimously voted to keep interest rates at record low level of 0.5%, which remains unchanged since March 2009, and signalled they will not immediately raise benchmark rates even after the 7% unemployment target is reached, the MPC minutes from November 6-7 meeting revealed.
Minutes from the FOMC gathering in October revealed heated discussions of different QE tapering scenarios as positive data could soon spur a cut in the $85 billion monthly bond-purchases.
Bundesbank President and ECB council member Jens Weidmann said that is was not prudent for the Eurozone's central bank to signal its next policy decision immediately after the recent interest rate cut.
The Australian Dollar advanced on Tuesday, albeit these gains were limited, as highly-anticipated FOMC minutes weighed on pair's performance more than RBA comments.
Europe and the United States are struggling from sluggish inflationary pressure, while Japanese policymakers are doing all things possible to end decades of deflation.
Britain is balancing on the edge.
Some analysts believe a 16-day long government shutdown, political disputes and a set of budget cuts known as sequester, have weighed on the world's largest economy, and cut off substantial part of GDP this year.
After a bunch of disappointing fundamental data and pessimistic comments from Europe, a release of German ZEW economic sentiment index acts like a sip of fresh air for Euro optimists.
Is Alpine economy strong enough to withstand looming domestic and global risk in order to develop at a sustained pace without central bank's support?
The Japanese Yen fell on Monday, hitting almost a four-year trough against the single currency, amid upcoming central bank gatherings all over the world.
Concerns over a growing housing bubble in the U.K. have eased on Monday, as data from Rightmove Plc showed asking home prices fell this month after a 10% hike in October, suggesting government schemes to boost demand for property failed to offset the typical pre-Christmas decline.