BENGALURU, May 27- Gold slipped to its lowest in eight weeks on Friday, and was on track for its biggest weekly decline in nine, as expectations of a U.S. interest rate hike in two months on positive economic data hurt investor appetite. Spot gold was up 0.1 percent at $1,221.45 an ounce by 0624 GMT, after falling as low as $1,211.30 earlier in the session, the lowest... » Read More
The dollar tumbled against the yen Monday as fears of a U.S. recession hit stock prices but steadied versus the euro after Europe's top monetary official said he was worried about recent exchange rate moves.
Last week, the dollar fell to new lows. Looking back at the past 30 years, the dollar seem to be moving in pattern with its historical cycles. So should we be concerned? Here is a look at how the weaker dollar relates to other economic indicators.
U.S. wholesale inventories rose 0.8 percent in January, while sales leapt 2.7 percent, thelargest increase in nearly four years, the Commerce Department said.
An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18th policy meeting, according to a Goldman Sachs research note on Monday.
Japanese Prime Minister Yasuo Fukuda on Monday said the government had no plans to put forward a different candidate for the next central bank chief, despite resistance from opposition parties towards current nominee Toshiro Muto.
A second straight month of job losses all but ended the debate over whether the U.S. economy has slipped into recession. Now the question is how to get out.
The Federal Reserve needs to take a more active role in stemming the housing crisis, possibly by exchanging Treasury notes for mortgage notes, Pimco Bonds Chief Information Officer Bill Gross said on CNBC.
The dollar rebounded from record lows triggered by a surprise contraction in U.S. payrolls for a second straight month as attention shifted to moves by the Federal Reserve to ease tight liquidity conditions.
U.S. employers cut payrolls for a second straight month during February, slashing 63,000 jobs for the biggest monthly job decline in nearly five years.
Central bankers from the world's industrialised and developing regions voiced concern on Friday over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand.
The U.S. Federal Reserve took very "deliberate action" when it lowered key interest rates rapidly but this does not necessarily mean more of the same is in store, a top Fed official said on Friday.
Today's jobs report is unlikely to offer a ray of hope amid the gloom over the US economy as the trend for a weakening jobs market is expected to become clearer, analysts said.
South Korea's central bank held interest rates steady for a seventh consecutive month on Friday, as widely expected, but economists said rates have probably peaked and may head down from as early as next month.
The Japanese government plans to put forward deputy central bank governor Toshiro Muto as the next head of the Bank of Japan, Japanese media reported, but it was unclear if opposition lawmakers would accept or veto him.
The Fed is cutting rates to bolster the economy and keep the credit crunch from getting worse. But in the process, the central bank is creating other problems--including higher inflation
The dollar extended losses against the euro and the yen Thursday after U.S. pending home sales were unchanged in January, doing little to allay investor worries over the deteriorating U.S. economic outlook.
Fewer workers applied for unemployment benefits last week, but the number remaining on jobless aid stood at the highest level in nearly two and a half years.
U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the fourth quarter. Pending sales of previously owned homes were unchanged in January.
A stronger yuan can help temper price pressures but plays second fiddle to monetary policy in China's struggle against inflation, the country's central bank chief said on Thursday.
Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth.