Currency News

EUR/SEK gains slightly ahead of ECB policy decision

The EUR/SEK currency pair edged higher on Thursday, after Swedish CPI data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 4% at its September policy meeting, while its […] Read more

EUR/AUD falls from 3 1/2-week high on ECB rate cut prospects

The EUR/AUD currency pair extended a pullback from recent 3 1/2-week peak of 1.6630 on Thursday, after Australian consumer inflation expectations data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis […] Read more

USD/CHF off 1-week peak on higher chances of Harris victory

The USD/CHF currency pair extended a pullback from recent one-week high of 0.8498 on Wednesday, after Democratic candidate Kamala Harris put contender Donald Trump on the defensive during yesterday’s televised presidential debate and ahead of US CPI data. Vice President Harris put former President Trump on the defensive in an intense debate on Tuesday, unleashing […] Read more

GBP/USD pares gains after weak GDP data, eyes on US CPI

The GBP/USD currency pair edged higher on Wednesday, after Democratic candidate Kamala Harris put contender Donald Trump on the defensive during yesterday’s televised presidential debate. The British Pound, however, trimmed gains, following a weak set of UK macro data. Vice President Harris put former President Trump on the defensive in an intense debate on Tuesday, […] Read more

USD/ZAR gains as focus sets on presidential debate, CPI

The USD/ZAR currency pair was firmer on Tuesday after South African industrial data and ahead of the key US CPI inflation report that may affect the Fed’s interest rate cut trajectory. Annual headline consumer inflation in the United States probably eased to 2.6% in August, according to market consensus, from 2.9% in July. Annual core […] Read more

USD/NOK off 1-month high ahead of CPI, presidential debate

The USD/NOK currency pair pulled back from a fresh one-month high of 10.8628 on Tuesday after Norwegian CPI inflation data and ahead of the key US CPI inflation report that may affect the Fed’s interest rate cut trajectory. Annual headline consumer inflation in the United States probably eased to 2.6% in August, according to market […] Read more

USD/SEK scales three-week peak as Swedish economy shrinks

The USD/SEK currency pair held near a fresh three-week high of 10.3943 on Tuesday after Swedish GDP data and ahead of the key US CPI inflation report that could provide further clues over the size of the potential interest rate cut by the Federal Reserve this month. Annual headline consumer inflation in the United States […] Read more

Switzerland’s unemployment rate rises to 2.4% in August

Switzerland’s jobless rate has risen to 2.4% in August from 2.3% in the prior four months, data by the State Secretariat for Economic Affairs showed. The number of unemployed individuals rose by 3,638 to six-month high of 111,354 in August. Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, rose to 2.7% […] Read more

Singapore’s retail sales surge 1% YoY in July

Singapore’s retail sales were reported to have increased at an annualized rate of 1% in July, rebounding after a 0.6% drop in June. In July, sales went up for: – motor vehicles (27.2% YoY versus 19.5% YoY in June); – food and alcohol (4.7% YoY versus 4.1% YoY in June); – petrol service stations (4.7% […] Read more

USD/NOK trades within striking distance of 2 1/2-week high

The USD/NOK currency pair traded not far from a fresh 2 1/2-week high of 10.7362 on Wednesday ahead of a string of macro data that may provide more clues over the US interest rate cut trajectory. Today’s focus will likely be on US job openings data. The number of job openings probably fell to 8.100 […] Read more