euro area construction output

Spotlight on Several Central Banks

June 18, 2014

Currency markets have been generally quiet ahead of the Federal Reserve policy decision.  A further measured scale-back of quantitative easing is expected but not a change in the federal funds target.  A statement and newly released macroeconomic forecasts arrive at 14:00 EDT (18:00 GMT) followed by Janet Yellen’s press conference at 14:30 EDT.  Ironically, Chairwoman […] More

Week Starts with More Sobering News about the Chinese Property Market

May 19, 2014

Chinese property prices rose 6.7% on year in April, down a whole percentage point from March and the smallest 12-month gain since May 2013.  Only 44 of 70 metro areas experienced higher prices in April than March, the fewest 3-1/2 years.  Overall house prices increased 0.3% on month. The dollar edged up 0.1% against the […] More

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