A pickup in inventories and stronger inflow of investment kept the 17-nation economy's growth in positive territory in the third quarter, even though the pace of growth remains sluggish.
The Australian Dollar plunged 0.35% versus its U.S. counterpart, hitting the lowest level since the beginning of September after the Australian central bank signalled the currency is still "uncomfortably high", meaning more rate cuts are possible.
Shinzo Abe and Haruhiko Kuroda will do whatever it takes to boost inflation in the world's third largest economy and promote economic growth.
The Pound has climbed to the recent high at 1.6436 on Tuesday; however, was not able to inch any higher, even as activity in the construction sector rose at the fastest since August 2007 in November.
The U.S. Dollar advanced to the strongest level versus the Yen in more than half a year as investors are making their bets on whether the recent signs of economic pickup will be enough for the Fed to cut the pace of the monthly bond-buying programme.
Another gleam of hope for the 17-nation bloc emerged on Tuesday, as Spain's labour market improved in November, as unemployment change posted its first monthly drop in this period since the current system was introduced in 1997.
Activity at Swiss manufacturing sector expanded for an eight consecutive month in November, posting even stronger growth than a month earlier, suggesting a modest recovery is underway, while improvement in the economic sentiment is pointing at a greater confidence.
Confident in reaching the inflation target as planned?
The Pound hit the highest level in 27 months against the U.S. Dollar, advancing to 1.6441 after a survey from Markit showed manufacturing activity expanded at the highest pace since February 2011, suggesting the recovery is maintaining momentum in the final quarter.
It was not a surprise that Bernanke's speech, which was highlighted in all economic calendars as a high importance event, had practically no impact on markets on Monday.
Eurozone factory orders expanded for a fifth month in a row in November, with the corresponding gauge accelerating at the fastest pace for more than two years, a survey from Markit showed Monday.
Canadian policymakers were disappointed with growth figures in the second half of the year, but the stronger-than-expected August GDP data fuelled hopes for a solid growth in the third quarter.
Japanese households are finally facing the prospects of sustained inflationary pressures for the first time in almost a generation, as Shinzo Abe's three-arrow programme is making substantial progress in stamping out deflation in the world's third largest economy. Moreover, other sectors of the economy are also showing signs of stabilization.
The pace of Britain's annual house price growth was the fastest since July 2010 this month; however, the average price still lags 6% below the historic-high in late 2007.
While American retailers lure shoppers with Black Friday deals and analysts are calculating potential benefits for the economy, U.S. stocks are rising, logging record highs day by day.
During the last policy meeting Mario Draghi predicted a long period of weak inflation and sluggish growth, suggesting the Eurozone economy is not on a path to recovery yet, and cut the benchmark interest rate by 25 basis points to a record-low of 0.25%.
Last week seven out of nine major currencies either gained or lost more than 1%, making them highly attractive for traders. Amid main gainers were the single currency, Pound, Swiss Franc and Swedish Krone, advancing 1.22%, 1.15%, 1.12% and 1.70%, respectively. In contrast, Japanese Yen, Aussie and Kiwi lost 1.23%, 1.82% and 1.55%, correspondingly.The most traded currency pair, EUR/USD, has
The Alpine country expanded at a robust pace in the third quarter, on the back of a stronger exports of goods and government spending, the nation's statistical office reported on Thursday.
Japan retail sales rose in October, posting the third consecutive monthly increase; however, the pace of growth was considerably slower than in September, indicating Japanese consumers have been slow to buy into Shinzo Abe's plan to revive growth via his set of stimulus measures, also known as Abenomics.
The Pound advanced to its ten-month high versus the U.S. Dollar, following the highly anticipated press conference of the central bank Governor Mark Carney in London.
Americans, who are working at a low-paid job and receive a minimum wage, can be thankful the 16-day long government shutdown for being on the job this Friday.
The single currency moved higher on Thursday, supported by positive data from Europe's leading economies– Germany and Spain.
Amid signs of a pickup in the Eurozone, the pressure on the Swiss Franc eased, hence manufacturers are feeling more confident and the economy is benefiting.
For months Oz economy has been experiencing a slowdown amid waning investment in the key mining sector.