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Dollar Sheds Ground Against Major Counterparts

The U.S. dollar traded weak against its major counterparts on Monday with investors awaiting a slew of crucial economic data for clues about the outlook for interest rates.
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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland market ended on a weak note on Monday, tracking weakness in markets across Europe, amid lingering concerns about global economic slowdown, and caution ahead of some crucial economic data.
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ECB's Lagarde Says Eurozone Inflation Outlook Surrounded By Considerable Uncertainty

ECB's Lagarde Says Eurozone Inflation Outlook Surrounded By Considerable Uncertainty

Euro area price growth outlook continued to be surround by significant uncertainty and it is not yet time to declare the end of the fight against inflation, European Central Bank President Christine Lagarde said Monday. "Looking ahead, we expect the weakening of inflationary pressures to continue, even though headline inflation may rise again slightly in the coming months," Lagarde said.
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Euro Falls Against Majors

Euro Falls Against Majors

The euro slipped against its major counterparts in the European session on Monday.
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U.S. New Home Sales Pull Back More Than Expected In October

U.S. New Home Sales Pull Back More Than Expected In October

The Commerce Department released a report on Monday showing new home sales in U.S. pulled back sharply in the month of October after soaring in September. The report said new home sales plunged by 5.6 percent to an annual rate of 679,000 in October after spiking by 8.6 percent to a downwardly revised rate of 719,000 in September.
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