U.S. economy has growth momentum despite initial weakness: IMF report
The Central Bank of Myanmar has decided to sell foreign exchange reserves at a set rate in a bid to facilitate import of fuel and edible oil and prevent unwanted hike in foreign currency exchange rate, sources with the central bank said Thursday.
U.S. economic activities in 12 districts expanded from early April to late May, and the outlook given by respondents was generally optimistic, a survey by the Federal Reserve showed Wednesday.
U.S. stocks closed at the red territory after wavering in a tight range above flatline in most of the session Tuesday, as investors were assessing a strong U.S dollar against an across-the-board stock surge around the world.
U.S. stocks suffered big losses on Tuesday, pressured by the surging U.S. dollar and persisting concerns about debt talks with Greece.
The Australian dollar fell to its lowest level in six years on Monday in response to strong U.S. employment data.
U.S. stocks ended mixed Monday, with the Nasdaq Composite Index extending its gains into a ninth straight day, as investors shifted their focus from Greek debt concerns to Federal Reserve Chair Janet Yellen's remarks in the next two days.
The U.S. dollar lost against other currencies Thursday as the retail sales data of the country came out worse than expected.
Canada's main stock market retreated Monday from a solid rally last week, as sharp selloffs in resource shares, triggered by oil and gold slump, weighed on investor sentiment ahead of the Christmas break.
The Australian dollar has fallen more than 1 percent on Wednesday hitting a four-year low, following comments by Reserve Bank of Australia (RBA) Deputy Governor Philip Lowe on its value.
Gold futures on the COMEX division of the New York Mercantile Exchange on Monday pulled back from last Friday's strong rally, as the U.S. dollar rebounded and the Dow and S&P set new intraday record highs.
The U.S. dollar rose against other major currencies Wednesday on upbeat jobs data and the Republican Party's victory in midterm elections, arousing market speculation that more business-friendly policies would come out in Washington.
China officially announced direct currency trading with Singapore in China Foreign Exchange Trade System on Monday, marking another important push forward for China and Singapore's economic ties.
Canada's main stock market dropped Thursday as disappointing German economic data revived investors' speculation about Europe's economic health and the global economic recovery.
South Korean shares fell for seven straight sessions Monday as the sharp increase in the won/dollar exchange rate boosted worries about volatile foreign exchange market.
South Korea's currency dropped versus the U.S. dollar Monday to trade at the six month low as the dollar appreciated to major currencies after the release of positive U.S. jobs data.
The U.S. dollar declined against most major currencies Thursday and the euro/dollar rate went up 0. 39 percent in late trading as European Central Bank (ECB) launched a new asset purchase plan to stimulate the waning economy in the eurozone.
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