US homebuilding activity dropped in April; however, revisions of the preceding month's readings suggested that homebuilding activity continued improving.
Pay growth in the United Kingdom dropped below inflation for the first time in more than two years, official figures revealed on Wednesday.
The Euro has stopped the surge against the US Dollar. However, it also has a strong enough support to not give up a lot of ground.
The bullion continues on its path higher, as the metal's price is approaching the 1,250 mark.
The long term ascending channel has been broken. The currency exchange rate is scoring new gains, as it reaches above the 1.11 mark.
US homebuilding activity dropped in April; however, revisions of the preceding month's readings suggested that homebuilding activity continued improving.
UK consumer inflation climbed more than expected last month amid the sharp fall in the value of the Pound caused by Britain's decision to leave the European Union.
Although the bullion encountered resistance on Monday, on Tuesday the metal continues on its path higher.
The Euro is reaching long unseen heights against the US Dollar on Tuesday.
Manufacturing activity in the New York state deteriorated unexpectedly in May, falling into the negative territory for the first time since October, official figures revealed.
On Monday, the British Prime Minister Theresa May, appointed after the country voted to leave the European Union on June 23, promised to extend British workers' rights in both workplace and boardroom.
Consumer prices in the United States advanced last month but less than analysts expected.
Consumer prices in the United States advanced last month but less than analysts expected.
The surge of the yellow metal continues in accordance with the set pattern.
The Euro continues to move higher against the US Dollar, as the pair faces no resistance with the start of a new week.
The seasonally adjusted Producer Price Index for final demand rose more than expected in April, official data showed on Thursday.
At its latest policy meeting, the Bank of England's Monetary Policy Committee voted by a majority of 7-1 to leave the bank rate at 0.25%, with Kristin Forbes being the only one favouring an immediate hike in rates on the back of an uptick in pipeline inflation pressures that, in her opinion, has pushed the CPI to somewhat uncomfortable levels.
The bullion continues the surge in the recently established pattern.
After finding support on Thursday, the EUR/USD currency exchange rate traded near the 1.0850 mark on Friday morning. However,
The US Import Price Index managed to post a larger-than-expected gain over the course of April, official data revealed on Wednesday.
The US Import Price Index managed to post a larger-than-expected gain over the course of April, official data revealed on Wednesday.
The bullion has reached crossroads, as the markets are unclear, what is the future direction of the metal. However, there are signs of a surge.
On Thursday morning the EUR/USD currency exchange rate remained below the 1.09 level. However, a fall of the Euro is still expected by the markets.
The number of job openings in the US rose in March, according to the JOLTS monthly report.