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Old 01-23-2020, 10:54 PM   Nav to Top  #261
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Dollar Exhibits Strength Against Peers



The U.S. dollar gained against most major currencies on Thursday amid continued optimism about growth in the world's largest economy.

The outbreak of the coronavirus in China and the European Central Bank's decision to hold its key rates and asset purchasing program unchanged supported dollar's rise.

The dollar index started off on a subdued note, but gained in strength and rose to 97.80 in late morning trades before paring some gains subsequently. Still, at 97.67, the index was up 0.15% around late afternoon.

The Euro dropped to $1.1037 after the ECB held its key interest rates, asset purchases and forward guidance unchanged and announced the launch of a review of its monetary policy strategy.

The bank said that risks surrounding the euro area growth outlook remain tilted to the downside.

In her post meeting press conference, Lagarde said, "The review will have to do with how we deliver, how we measure, how we communicate when it comes to decision making, publication, outreach."

"We cannot operate as we did back in 2003, which doesn't mean to say that we have to change this, that and the other, but we have to look comprehensively at the effectiveness of our monetary policy," she added.

The dollar is up by about 0.15% against Pound Sterling, at $1.3123.

The yen was in demand on safe-haven appeal amid mounting worries about the impact of the coronavirus.

The yen, which strengthened to 109.27 a dollar, was trading at 109.47 a dollar late afternoon.

The dollar was up against Swiss franc at 0.9692 and marginally down against the loonie at 1.3127.

Against the Aussie, the dollar was little changed with the pair trading at 1.3127.

In U.S. economic news, data from the Labor Department showed first-time claims for U.S. unemployment benefits rose to 211,000, an increase of 6,000 from the previous week's revised level of 205,000.

Economists had expected jobless claims to climb to 215,000 from the 204,000 originally reported for the previous week.

The Conference Board released a report showing a slightly bigger than expected decrease by its index of leading U.S. economic indicators.

The Conference Board said its leading economic index fell by 0.3% in December after inching up by a revised 0.1% in November.

Economists had expected the leading economic index to dip by 0.2% compared to the unchanged reading originally reported for the previous month.

Traders were also tracking news about the coronavirus outbreak in China that has spread from Wuhan to several Chinese provinces.

According to reports, deaths from the virus rose to 17 on Wednesday, with nearly 600 cases confirmed. Market participants remain worried about the contagion as the week-long Lunar New Year holidays starts on Friday, when millions of Chinese travel domestically and abroad.

The World Health Organization said today that it is still too early to declare the outbreak a Public Health Emergency of International Concern has somewhat eased worries about the virus a bit.

"Make no mistake, this is an emergency in China. But it has not yet become a global health emergency," said WHO Director-General Tedros Adhanom Ghebreyesus.

"At this time, there is no evidence of human-to-human transmission outside China, but that doesn't mean it won't happen," Tedros said.

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Old 01-26-2020, 11:33 PM   Nav to Top  #262
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Economic Calendar Is A Blank Slate On Monday



There's no economic data on the slate for Monday, with most countries in the Asia-Pacific region celebrating the lunar New Year holiday.

Most of the regional stock are also closed for the holiday, including South Korea, Malaysia, Singapore, Taiwan, China, Hong Kong and Indonesia, among others.

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Old 01-27-2020, 09:47 PM   Nav to Top  #263
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Japan Producer Prices Hold Steady At 2.1% In December

Producer prices in Japan were up 2.1 percent on year in December, the Bank of Japan said on Tuesday - in line with expectations and unchanged from the previous month.

Producer prices were flat on month after adding 0.2 percent in November.

Among the individual components, prices were up for transportation, communications, finance and insurance. Prices were down for advertising and security services.

For all of 2019, producer prices were up 1.1 percent on year - slowing slightly from the 1.2 percent annual increase in 2018.

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Old 01-29-2020, 04:51 AM   Nav to Top  #264
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Turkey Economic Confidence Rises For Fourth Month



Turkey's economic confidence rose for the fourth month in a row in January, figures from the Turkish Statistical Institute showed on Wednesday.

The economic confidence index increased to 97.1 in January from 96.5 in December.

The latest reading is the highest seen in at least a year.

The latest improvement was led by stronger morale in the services, retail and construction sectors.

The consumer confidence index remained unchanged at 58.8 in January.

The measure of manufacturing industry morale fell to 106.4 in January, while the confidence index for services increased to 95.2.

The confidence measures for retail trade and construction sectors increased to 105.0 and 78.9, respectively, in January.
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Old 01-30-2020, 12:38 AM   Nav to Top  #265
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Australia Q4 Export Prices Slide 5.2% On Quarter

Export prices in Australia were down 5.2 percent on quarter but rose 4.1 percent on year in the fourth quarter of 2019, the Australian Bureau of Statistics said on Thursday.

Main contributors to the fall included Metalliferous ores and metal scrap (-9.1 percent); coal, coke and briquettes (-14.7 percent); and gas, natural and manufactured (-2.3 percent). Those offset rises in meat and meat preparations (+6.9 percent).

Import prices were up 0.7 percent on quarter and 1.4 percent on year in Q4.

Main positive contributors included petroleum, petroleum products and related materials (+3.8 percent); machinery specialized for particular industries (+1.6 percent); and road vehicles (including air-cushion vehicles) (+0.4 percent).

Those offset falls in fertilizers (excluding crude) (-6.5 percent); and plastics in non-primary forms (-5.5 percent).

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Old 01-30-2020, 10:00 PM   Nav to Top  #266
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China Manufacturing PMI 50.0 In January



The manufacturing sector in China fell into stagnation in January, the latest survey from the National Bureau of Statistics said on Friday - posting a manufacturing PMI score of 50.0.

That's down from 50.2 in December, and it now sits right on the line that separates expansion from contraction. It matched expectations.

The bureau also said its non-manufacturing index came in with a score of 54.1, beating forecasts for 53.0 and up from 53.5 in the previous month.

The bureau's composite index now sits at 53.0, down from 53.4 a month earlier.

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Old 02-02-2020, 09:42 PM   Nav to Top  #267
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Australia Building Approvals Sink 0.2% In December



The total number of building approvals in Australia issued in December was down a seasonally adjusted 0.2 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 14,752.

That exceeded expectations for a decline of 5.0 percent following the 10.9 percent jump in November.

On a yearly basis, building approvals advanced 2.7 percent - exceeding expectations for a drop of 1.4 percent following the .8 percent slide in the previous month.

Consents for private sector houses fell 0.1 percent on month and 7.1 percent on year to 8,486 - while consents for private sector dwellings excluding houses eased 0.1 percent on month and surged 19.4 percent on year to 6,087.

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Old 02-03-2020, 08:16 PM   Nav to Top  #268
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New Zealand Building Permits Surge 9.9% In December



The total number of building permits issued in New Zealand was up a seasonally adjusted 9.9 percent on month in December, Statistics New Zealand said on Tuesday - coming in at 2,910.

That follows the upwardly revised 8.4 percent drop in November (originally -8.5 percent).

On a yearly basis, building permits spiked 14.0 percent to 37,538.

The annual value of non-residential building work consented was NZ$7.5 billion, up 5.2 percent from the December 2018 year.

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Old 02-05-2020, 12:24 AM   Nav to Top  #269
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Japan Services PMI Ebbs In January - Jibun Bank



The services sector in Japan continued to expand in January, albeit at a slower rate, the latest survey from Jibun Bank revealed on Wednesday with a PMI score of 51.0.

That's down from 52.1 in December, although it remain further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, business activity growth was at a four-month high, although business confidence fell to a 29-month low.

Demand conditions improved somewhat, and employment rose further.

Also, the bank's composite index came in at 50.1 - down from 51.1 in the previous month.

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Old 02-06-2020, 03:18 AM   Nav to Top  #270
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Euro Mixed Ahead Of German Factory Orders



At 2.00 am ET Thursday, Destatis is scheduled to issue Germany's factory orders for December. Orders are forecast to climb 0.6 percent on month, reversing a 1.3 percent drop in November.

Ahead of the data, the euro traded mixed against its major rivals. While the euro rose against the franc, it held steady against the rest of major rivals. The euro was worth 1.1000 against the greenback, 120.90 against the yen, 1.0713 against the franc and 0.8471 against the pound as of 1:55 am ET.
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