Currency News

Germany’s July business confidence lowest since February

The Ifo Business Climate gauge for Germany decreased for a third straight month in July, data by the Ifo Institute showed. The index came in at a reading of 87 in July, down from 88.6 in June. It has been the gauge’s lowest level since February. The latest reading was also below market consensus of […] Read more

Sweden’s producer prices rise 0.8% YoY in June

Producer prices in Sweden increased at an annualized rate of 0.8% in June, data by Statistics Sweden showed. That followed a 2.6% surge in May. June also was the third straight month of producer price growth. Prices rose at a slower rate for both capital goods (4.4% YoY compared to 5.2% YoY in May) and […] Read more

Norway’s unemployment rate stable at 4.1% in June

The seasonally adjusted unemployment rate in Norway was reported to have remained stable at 4.1% in June. The number of unemployed individuals remained steady from a month ago at 123,000, data by Statistics Norway showed. At the same time, the number of employed individuals rose by 7,000 to 2.888 million in June. And, the youth […] Read more

South Africa’s CPI inflation lowest since December 2023

Annual consumer price inflation in South Africa has eased to 5.1% in June from 5.2% in the preceding two months, data by Statistics South Africa showed. It has been the lowest inflation rate since December 2023. Last month, inflation eased for: – food and non-alcoholic beverages (4.6% YoY from 4.7% YoY in May); – housing […] Read more

Singapore CPI inflation lowest since August 2021

Annual consumer inflation in Singapore has slowed to 2.4% in June from 3.1% in May, data by Statistics Singapore showed. It has been the lowest level since August 2021. The actual figure compares with market consensus of 2.7%. Last month, inflation eased for: – housing & utilities (3.7% YoY from 3.8% YoY in May); – […] Read more

New Zealand’s trade surplus highest since May 2020

New Zealand’s trade surplus has expanded to $699 million in June, data by Statistics New Zealand showed, from $204 million in May. The figure outstripped market consensus of $294 million and pointed to the highest trade surplus since May 2020. Total imports plunged 13% year-on-year to $5.5 billion in June, the data showed. Imports dropped […] Read more

India’s foreign exchange reserves at fresh record high

India’s foreign exchange reserves have risen to a new record high of $666.9 billion as of July 12th, data by the Reserve Bank of India showed. The result was attributed to a strong influx of foreign exchange into the country’s economy, since robust growth and the long-awaited inclusion of Indian assets into JPMorgan’s emerging market […] Read more

Spain’s trade deficit shrinks to EUR 2.3 billion in May

Spain’s trade balance deficit has narrowed to EUR 2.3 billion in May, data showed, from EUR 3.1 billion in May 2023. Total exports went up 2.3% year-on-year to EUR 34.7 billion in May, driven by higher sales of energy products (up 35.9%), raw materials (up 13.1%) and food, beverages & tobacco (up 9.1%). Total imports […] Read more

UK’s retail sales shrink more than expected in June

Retail sales in the United Kingdom shrank 1.2% month-over-month in June, after a 2.9% surge in May, pressured by election uncertainty and poor weather. June’s drop was much steeper than market consensus of a 0.4% decrease. Sales at non-food stores (department stores, clothing and footwear stores, furniture stores) dropped at a monthly rate of 2.1% […] Read more

Italy’s current account surplus increases in May

Italy’s current account surplus has increased to EUR 2.078 billion in May, data showed, from EUR 0.999 billion in May 2023. The nation’s goods surplus expanded to EUR 6.814 billion in May from EUR 5.313 billion a year earlier. Italy’s services deficit narrowed to EUR 0.076 billion in May from EUR 0.634 billion a year […] Read more