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South Korea posted an unadjusted current account surplus of $2.71 billion in February, the Bank of Korea said on Thursday - remaining in the black for the 13th consecutive month.

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Retail sales in Japan contracted 2.3 percent on year in February, the Ministry of Economy, Trade and Industry said on Thursday, standing at 10.525 trillion yen.

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South Korea saw an unadjusted current account surplus of $2.71 billion in February, the Bank of Korea said on Thursday - roughly in line with forecasts following the $2.25 billion surplus in January.

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The total number of building permits issued in February in New Zealand was up a seasonally adjusted 1.9 percent on month, Statistics New Zealand said on Thursday.

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South Korea will on Thursday release February figures for its current account balance, highlighting a busy day in Asia-Pacific economic activity. In January, the current account reflected a surplus of $2.25 billion.

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Pending home sales in the U.S. saw a modest decrease in the month of February, according to a report released by the National Association of Realtors on Wednesday, although pending sales remain near their highest level in almost three years. NAR said its pending home sales index edged down by 0.4 percent to 104.8 in February after jumping 3.8 percent to 105.2 in January.

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Pending home sales in the U.S. saw a modest decrease in the month of February, according to a report released by the National Association of Realtors on Wednesday, although pending sales remain near their highest level in almost three years.

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Even before the escalation in Cyprus debt crisis, economic confidence in the 17-nation currency bloc deteriorated in March, putting on hold the recovery that had started in November last year, survey results from the European Commission showed Wednesday. The Eurozone economic sentiment index came in at 90, down from 91.1 in the previous month and below the consensus forecast of 90.5.

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dailyfx.com

Fundamental Forecast for US Dollar: Neutral

• Dollar closes sixth-consecutive quarterly gain – what of Q2?
• Greenback benefits as investors seek safety on Cypriot troubles
• Strong US economic data produces USD gains, US NFPs ahead

The US Dollar finished the month of March almost exactly where it began, but an impressive Q1 of 2013 suggests the Dow Jones FXCM Dollar Index (ticker: USDollar) could continue to fresh multi-year peaks as we enter the start of the second quarter on a critical week of forex market event risk.

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thehindubusinessline.com

“Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery,” the OECD said in its latest interim economic assessment. No wonder, in this atmosphere of cautiously creeping optimism the bulk of the price action across the commodities complex over the past week – truncated to four trading days – was sideways and range-bound.

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