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.
The guessing game about when the U.S. central bank will start withdrawing its stimulus programme enters a new round this week, as market are focusing on Wednesday's FOMC meeting.
During the last five years European policymakers have resisted to launch their own quantitative easing programme. After a recent cut of interest rates, Mario Draghi is unlikely to announce any additional liquidity injections during the next month.
Canada's factory sales increased to the highest level in more than a year in September as automakers presented new models and grain mills resumed production.
The Japanese Yen oscillated around the triple-digit territory on Friday, as investors weighed the testimony hearing of Janet Yellen and weaker-than-expected growth added to concerns the BoJ may add more stimulus soon.
Since severe financial crisis in the U.S., when investors and market participants were blaming Greenspan, officials have been prodding policymakers to address housing market.
The next Fed Chairman Janet Yellen already pledged to stick to plans to start withdrawing the stimulus programme in the coming months if the economy perks up.
The Eurozone economy expanded in the third quarter, however, only slightly. Figures from the Eurostat showed the GDP grew by a mere 0.1%, less than analysts expected and down from a figure recorded in the prior quarter.
It could be surprising, but the single currency was the main gainer last week, as it advanced 1.08% versus other major currencies.
"The minimum exchange rate is very important. It remains a crucial tool of our monetary policy in order to avoid a tightening of monetary conditions in Switzerland."- Thomas Jordan, SNB PresidentThe Swiss Franc lost some ground versus the single currency on Thursday, due to the weaker-than-expected producer prices inflation report. Even though some economists may consider that Alpine economy is
After a spurt of growth in the first six months of the year, the world's third largest economy seems to be running out of steam, as companies cut their capital spending, while exports failed to surge even despite weaker Yen.
The Sterling dropped to a session low on Thursday, while gilt futures advanced after data from the ONS showed an unexpected drop in the U.K. retail sales, as consumers cut their spending on household appliances, fuel and clothing.