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Switzerland’s trade surplus expands in March

April 18, 2024 1:37 pm
Switzerland reported a trade surplus in the amount of CHF 2.8 billion in March, compared to a revised up CHF 2.3 billion surplus in February. The nation’s total exports went down 0.6% month-over-month to CHF 21.1 billion, mostly because of lower shipments of jewelry (-37.2%), clocks (-1.5%), precision instruments (-1.5%) and food and beverages (-1.4%). […] Read more

Australia’s employment levels unexpectedly decrease in March

April 18, 2024 7:47 am
Employment in Australia surprisingly decreased by 6,600 to 14,259,900 in March following a revised up 117,600 growth in February, the latest data by the Australian Bureau of Statistics showed. Market consensus had pointed to employment growth of 7,200. The March figure marked the first decline in employment levels since December 2023. Part-time employment decreased by […] Read more

GBP/CHF gains as UK CPI adds to BoE cut prospects

April 17, 2024 10:41 am
The GBP/CHF currency pair registered modest gains on Wednesday, after touching an intraday high of 1.1372, as data showed UK consumer price inflation had eased to its lowest level since September 2021 in March. Annual CPI inflation slowed to 3.2% in March from 3.4% in February, while market consensus had pointed to a slowdown to […] Read more

South Africa inflation eases in March, Rand gains

April 17, 2024 8:58 am
Annual consumer price inflation in South Africa has eased to 5.3% in March from a four-month high of 5.6% in February, the latest data by Statistics South Africa showed. March has been the 10th consecutive month, when the annual inflation rate remains within the South African Reserve Bank’s target range of 3%-6%. In March, inflation […] Read more

EUR/GBP falls to 1-month low as UK inflation eases further

April 17, 2024 7:40 am
The EUR/GBP currency pair slipped to a fresh 1-month low on Wednesday, after data showed UK consumer price inflation had eased to its lowest level since September 2021 in March, adding to prospects of an interest rate cut by the Bank of England. Annual CPI inflation slowed to 3.2% in March from 3.4% in February, […] Read more

NZD/CAD trades near 2-week low as currencies face CPI test

April 16, 2024 11:15 am
The NZD/CAD currency pair hovered just above a fresh two-week low on Tuesday ahead of Canadian and New Zealand CPI inflation figures that may provide more clues on central banks’ future interest rate paths. Canada’s March report on CPI inflation is due out at 12:30 GMT. In February, the annual inflation in the country decelerated […] Read more

GBP/NZD trades near 3-week high with focus on NZ CPI report

April 16, 2024 9:57 am
The GBP/NZD currency pair held not far from a fresh three-week high on Tuesday, as the kiwi dollar now faces New Zealand’s CPI inflation test. In the UK, data showed core wage growth had been the slowest since the three months to September 2022, but still strong by historical standards. Average weekly earnings, excluding bonuses, […] Read more

GBP/CAD steadies as UK wage growth slows but remains strong

April 16, 2024 8:32 am
The GBP/CAD currency pair steadied after earlier touching an intraday low of 1.7134 on Tuesday, as data showed UK core wage growth had been the slowest since the three months to September 2022, but still strong by historical standards. The data prompted investors to pare their bets on Bank of England rate cuts this year. […] Read more

Euro Area’s Feb industrial output rebounds as expected

April 15, 2024 10:49 am
Industrial production in the Euro Area was reported to have rebounded 0.8% in February compared to January, in line with market consensus. That followed a revised up 3% drop in January. In February, output increased for capital goods, by 1.2%, durable consumer goods, by 1.4%, and for intermediate goods, by 0.5%. On the other hand, […] Read more

Sweden’s inflation slows to lowest level since January 2022

April 14, 2024 3:33 pm
Sweden’s annual consumer inflation has eased to 4.1% in March from 4.5% in February, the latest data by Statistics Sweden showed, which added to prospects of an earlier interest rate cut by Riksbank. It has been the lowest inflation rate since January 2022, as prices dropped for the first time for food & non-alcoholic beverages, […] Read more