German business morale reached its record-high in July, which contributed to the appreciation of the EUR/USD exchange rate. Right after the better-than-expected data was published, the Euro zone's currency strengthened against the US Dollar by 11 base points to reach 1.1663. The Ifo German Business Climate Index surged to 116.0 points, while analysts' anticipated it to decrease to 114.9
Monday's Markit survey showed that the preliminary PMIs for the US manufacturing and services sectors almost matched analysts' forecasts and had little initial impact on the USD/JPY currency pair. Just after the data were released, the US Dollar edged slightly higher against the Yen to 110.954. Markit revealed that the index for services activity in the United States came
Markit's report on the Manufacturing PMI for the Euro zone came in slightly weaker than anticipated in July and had a small impact on the EUR/USD exchange rate. As soon as the release was published, the 19-country currency strengthened against the Greenback by 0.03% to reach 1.6432. The survey showed that the Euro zone's index for manufacturing activity dipped to
The Canadian Dollar advanced against the Greenback as Friday's retail sales report showed better-than-expected figures. Following the data release, the USD/CAD currency pair marked a sharp decline, falling 0.24% to 1.2572. Statistics Canada reported that the country's retail sales rose for the third consecutive month in May, surging 0.6% to a record-high of C$48.9B, which was well above expectations
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.
The fourth consecutive healthy Australian employment report boosted a 30-basis point increase in the AUD/USD exchange rate, sending the Aussie to fresh 2017 highs right after the data was released.
Monthly data on the US Building Permits contributed to the second straight day of gains in the USD/JPY currency pair. Experts anticipated the number of building approvals to rebound to 1.20M in June, expecting an increase in future construction despite higher costs for materials.
Wednesday's release from the Statistics Canada boosted the appreciation of the Canadian Dollar. Analysts expected Canada's manufacturing sales to show a monthly increase of 0.9% in May, which would determine the strength of future investment, hiring and spending.
The mood among German investors about the performance of the country's economy fell slightly in July.
Britain's inflation fell unexpectedly in June from a four-year high reached in the previous month.
Inflation in New Zealand hampered unexpectedly in the second quarter, suggesting that declining oil prices were restraining cost pressures throughout the country's economy.
Consumer inflation in the Euro zone rose in line with analysts' forecasts last month, official figures revealed on Monday.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
The US Producer Price Index for final demand nudged up 0.1% in June on the back of sustained increases in services cost that managed to offset plunging energy prices, data released by the Labour Department revealed on Thursday.
On Wednesday, the Chair of the US Federal Reserve Janet Yellen testified on the Semi-annual Monetary Policy Report before the House Financial Services Committee in Washington DC.
At the latest policy meeting, the Bank of Canada decided to raise its overnight rate target by 0.25% to 0.75% for the first time since 2010, satisfying economists' expectations.
The unemployment rate in Britain declined unexpectedly, while the jobless claimant count was little changed, missing analysts' expectations.
Job openings in the United States fell sharply, while hiring was the highest since 2004 and more people left their jobs in May, suggesting that the country's labour market remained robust
Canada's housing starts increased more than expected in June, with strong construction intentions being observed in the Toronto region and downward trends in Vancouver.
The measure of business conditions in Australia jumped to its multi-year highs, nearing pre-crisis levels, as most of industries performed well, reporting higher sales and increases in profits.
Euro zone Sentix economic sentiment remained close to the ten-year high, a private survey showed on Monday.
Canadian employment rose more than expected last month, setting stage for the Bank of Canada to make an interest rate hike.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
Output in the UK manufacturing industry dropped unexpectedly over the month in May, suggesting that the country's economic growth continued to weaken