October 24, 2023 7:41 am
The GBP/JPY currency pair registered a fresh two-week high on Tuesday, after data showed UK’s adjusted experimental unemployment rate had risen in the three months leading up to August, while Japan’s factory activity had contracted for a fifth successive month in October. Provisional data by the Office for National Statistics showed UK’s adjusted unemployment rate […]
Read moreOctober 23, 2023 10:04 am
The South African Rand weakened against the US Dollar at the start of the week, with geopolitical tensions being a major driver. Investor concerns that the Israel-Hamas conflict could spread to other territories was supporting demand for safe haven assets and was weighing on risk-sensitive currencies such as the Rand. “This means that the rand […]
Read moreOctober 23, 2023 8:10 am
The USD/SGD currency pair was mostly steady on Monday, while holding not far from recent two-week peak, as risks of a wider conflict in the Middle East weighed on the Singaporean Dollar and other Asian currencies. Media reports emerged that Israel had launched air strikes on Gaza early on Monday and clashed with the Iran-backed […]
Read moreOctober 20, 2023 7:16 am
The GBP/CAD currency pair edged lower on Friday, pulling back from a one-week high, after data showed UK retail sales had decreased at a steeper rate than expected in September. Retail sales in the country shrank 0.9% month-over-month, compared with market expectations of a 0.2% decrease, following a 0.4% growth in August. Sales at non-food […]
Read moreOctober 19, 2023 7:13 am
The Australian Dollar retreated to a fresh one-month low against the Euro on Thursday, after Australia’s employment reportedly increased at a much slower pace than expected in September. Employment levels rose by 6,700 to 14.11 million last month, data showed, while falling well short of market expectations of a 20,000 gain. Part-time employment rose by […]
Read moreOctober 18, 2023 8:42 am
The South African Rand traded near a fresh one-month high against the US Dollar on Wednesday, after data showed South Africa’s annual inflation rate had accelerated for a second straight month in September. South African CPI inflation stood at 5.4% in September, up from 4.8% in August, while exceeding market expectations of 5.3%. Still, annual […]
Read moreOctober 18, 2023 7:08 am
The GBP/JPY currency pair registered small gains, but continued holding just below the 183 mark for a fourth straight trading day on Wednesday, after data showed UK’s annual CPI inflation had remained steady at 6.7% in September. The actual figure confounded market expectations pointing to a slowdown to 6.6%. Consumer inflation still remained well above […]
Read moreOctober 17, 2023 7:36 am
The GBP/AUD currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated in the three months to August, while taking some pressure off the Bank of England to further tighten monetary policy in November. Average weekly earnings, including bonuses, rose 8.1% year-on-year to GBP 661 per week in the three months […]
Read moreOctober 16, 2023 9:23 am
The Euro Area registered a trade surplus of EUR 6.7 billion in August, swinging from a EUR 54.4 billion deficit in the same month of 2022, data by Eurostat showed on Monday. Total exports decreased at an annual rate of 3.9% to EUR 221.6 billion, while total imports plummeted 24.6% to EUR 214.9 billion. During […]
Read moreOctober 16, 2023 8:00 am
The GBP/USD currency pair was a notch firmer at the start of the week, but still hovered above Friday’s one-week low, as risk sentiment remained frail amid escalating tensions in the Middle East. Israeli forces are preparing a ground offensive into the Gaza Strip, aiming to root out the Palestinian group Hamas, while targeting “every […]
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