USA Business Inventories
|Latest Release:||11-12-2014 15:00:00|
|Next Release:||29-10-2013 14:00:00|
|Source:||US Census Bureau/Department of Comm...|
The US dollar was little changed Friday, holding steady at six-year highs as retail sales and business inventories advanced as expected, while consumer confidence reached a 14-month high.
The US dollar index, which gauges the greenbackâs performance against a basket of currencies, was at 83.23, little changed from the previous close of 84.30. The index is pacing for a weekly gain of 0.5 percent and is on its way to its strongest rally since 1997, according to Thomson Reuters.
The dollar index has advanced 5.2 percent this year, as demand for the greenback picked up over the summer amid signs the Federal Reserve could use improved data to justify an earlier than expected rate hike. The Fed is poised to do away with its quantitative easing program in October, which could potentially lead to a rate-adjustment as early as April.
The Federal Reserve maintains the economy still has a long way to go before it achieves balanced, sustainable growth. However, this has not deterred the central banking authority from trimming the pace of monthly bond purchases in succession. The Fed has been steadily paring asset purchases since December, when the process was first initiated under the direction of then-Chairman Ben Bernanke.
Additionally, several international developments have kept demand for the US dollar elevated in recent months. A slowdown in UK economic growth, contraction in Germany and a worsening Japanese economy have all propelled the greenback at the expense of the pound, euro and yen.
The dollar advanced against the Japanese yen on Friday, hitting a...
Business » US Business Inventories Rise Steadily in JulyPosted Sep 12th, 2014 at 06:22 PM
US business inventories rose steadily in July, offering yet another sign the overall economy was improving in the second half of the year, but probably not enough to change the view that inventory...
Forex » US Consumer Confidence RisesPosted Sep 12th, 2014 at 05:36 PM
As the US economy heads for growth in the region of 3.5% this year there has been a broad update in economic statistics today that largely confirm everything remains on track. The headline metric is...
Business » US Services Revenues Rose in Q2, QSS Report SaysPosted Sep 11th, 2014 at 04:35 PM
The US service economy posted higher revenues in virtually every category in the second quarter, as healthcare spending rebounded following an unexpected decline in the first three months of the...
Business » US Wholesale Inventories Rise Only 0.1 Percent in...Posted Sep 10th, 2014 at 07:32 PM
US wholesale inventories edged up only slightly in July, which could dampen the governmentâs revised estimate of second quarter GDP growth due at the end of the month. Wholesale inventories...
Forex » Canadian Dollar Plummets as Weak Job Numbers WeighPosted Sep 8th, 2014 at 06:03 PM
The Canadian dollar fell to a nearly two-week low on Monday, as last weekâs disappointing jobs report overshadowed a surprise surge in July building permits. The loonie, as the Canadian...
Business » US Service Economy Expands at a Slower Rate in...Posted Aug 25th, 2014 at 03:42 PM
The US service economy expanded at the slowest rate in three months in August, as output growth moderated from Juneâs multi-year high, but new business volumes remained elevated. Markit...
Business » US Business Inventories Rise Steadily in JunePosted Aug 13th, 2014 at 02:36 PM
US Business Inventories rose steadily in June, but a modest gain at non-automobile retailers suggests the economy grew at a slightly slower rate in the second quarter. Business inventories â a...
Business » US Business Inventories to Reveal Insights about...Posted Aug 12th, 2014 at 07:28 PM
US business inventories rose steadily in June, forecasters say, reaffirming the view the economy expanded at a sharper pace in the second quarter ahead of revised GDP figures later this month....
|Forex Broker Spreads »|
|Most Popular Articles »|
- Checkpoint Systems Enables Retailers to Use Same RFID Label for Four Apparel Categories, Including Footwear, to Streamline Source Tagging 6 views
- Spanish Retail Sales Numbers Improve 3 views
- Canadian Retail Sales Could Show Modest Improvement in February 3 views
- Ensco plc Schedules First Quarter 2015 Earnings Release and Conference Call 2 views
- Mixed Data has Created Risk Aversion 1 view
- Further Rise In South African Unemployment 1 view
- S&P 500 hits a new all-time high 1 view
- SanDisk Unveils the World’s Highest Capacity microSDTM Card 1 view
- Western Union Offers Apple PayTM as New Pay-In Option for Money Transfer Customers 1 view
- Canadian Employers Shed 7,000 Jobs in February 1 view