October 13, 2023 7:27 am
The USD/SGD currency pair held steady near one-week peak on Friday, as the greenback drew support from prospects the Federal Reserve would need to maintain interest rates elevated for longer after a stronger-than-anticipated US CPI print. The headline annual CPI inflation remained steady at 3.7% in September, in contrast with market expectations of a slowdown […]
Read moreOctober 12, 2023 7:27 am
The GBP/JPY currency pair moved within a narrow range on Thursday, while holding near a 1-month peak, after data showed the UK economy had returned to growth in August. The UK GDP grew by 0.2% month-over-month in August, in line with market consensus, following a revised down 0.6% contraction in July. August has been the […]
Read moreOctober 11, 2023 8:01 am
Germany’s annual consumer price inflation was confirmed at 4.5% in September, data showed on Wednesday, decelerating sharply from 6.1% in August. It has been the lowest inflation rate since February 2022. Annual core CPI inflation, which does not take into account volatile items such as food and energy, decelerated to a 1-year low of 4.6% […]
Read moreOctober 10, 2023 7:17 am
The USD/ZAR currency pair remained stuck within a narrow range on Tuesday prior to the release of the results of a national census – the fourth in post-apartheid South Africa. Yesterday the Rand, along with other risk-sensitive currencies, retreated after the clash between the Palestinian group Hamas and Israeli forces rattled global markets, triggering a […]
Read moreOctober 9, 2023 7:43 am
The USD/JPY currency pair remained mostly steady on Monday, as both the US Dollar and the Japanese Yen – traditional safe haven assets – drew support from souring risk sentiment stemming from geopolitical tensions in the Middle East. Market sentiment dampened after the Palestinian group Hamas over the weekend launched the bloodiest attack on Israeli […]
Read moreOctober 5, 2023 7:13 am
Germany’s trade surplus has widened to EUR 16.6 billion in August from EUR 15.9 billion in July, according to the latest data by the Federal Statistical Office. Analysts on average had expected a trade surplus of EUR 15 billion. Total exports shrank 1.2% month-over-month in August, or much faster than expected, to EUR 127.9 billion […]
Read moreOctober 4, 2023 9:00 am
Private sector activity in the Euro Area registered another moderate contraction at the end of the third quarter, data by Markit Economics showed on Wednesday. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.2 in September, up from a preliminary estimate of 47.1 and improving from August’s 3-year low of 46.7. […]
Read moreOctober 4, 2023 7:27 am
The Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) without change at 5.5% at its October policy meeting, in line with market expectations. This way, the central bank extended the rate pause for a third consecutive meeting. Policy makers continued to uphold the view that monetary conditions were restraining spending and […]
Read moreOctober 3, 2023 9:00 am
Turkey’s annual inflation rate has accelerated for a third successive month in September, to 61.5%, data by the Turkish Statistical Institute showed on Tuesday. It has been the highest inflation rate since December 2022, mostly driven by increases in tax rates and the Lira devaluation. The Turkish currency plummeted to a fresh all-time low of […]
Read moreOctober 3, 2023 7:17 am
The Reserve Bank of Australia left its cash rate without change at 4.1% at the first policy meeting under new Governor, Michele Bullock. The central bank extended the rate pause for the fourth consecutive month in a move that came in line with market consensus. The RBA Board again said inflation had already peaked, but […]
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