October 2, 2023 8:40 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was confirmed at a reading of 43.4 in September, data by Markit Economics showed on Monday, slightly lower than August’s level of 43.5. The figure pointed to a 15th straight month of contraction in the region’s manufacturing sector. New order inflows decreased at one of the sharpest rates […]
Read moreOctober 2, 2023 7:39 am
South Korea has recorded a trade surplus of $3.7 billion in September, compared with a deficit of $3.83 billion in the same month of 2022. The preliminary figure also compares with a consensus of estimates of a $1.75 billion surplus. September has been the fourth consecutive month of trade surplus, with imports shrinking at a […]
Read moreSeptember 29, 2023 9:34 am
The annual inflation rate in the Euro Area has decelerated to 4.3% in September, preliminary data by Eurostat showed on Friday, from 5.2% in August. It has been the lowest inflation rate since October 2021 and it also came below the market consensus of 4.5%. Prices rose at a slower rate for services (4.7%), non-energy […]
Read moreSeptember 29, 2023 7:40 am
The British Pound extended a pullback from a 6 1/2-month trough against the Canadian Dollar on Friday, after data showed United Kingdom’s second-quarter GDP growth was confirmed. The UK economy grew at a final quarterly rate of 0.2% in Q2, after a revised up 0.3% expansion in the first quarter. Household consumption grew 0.5% quarter-on-quarter, […]
Read moreSeptember 28, 2023 8:08 am
The AUD/JPY pair was mostly flat on Thursday, while trading within a narrow range, with the Aussie Dollar shrugging off the latest retail sales data out of Australia. Retail sales grew 0.2% month-over-month in August, preliminary data showed earlier on Thursday, which compared with market expectations of a 0.3% increase. The modest growth rate indicated […]
Read moreSeptember 27, 2023 7:41 am
AUD/USD plunged to a three-week low on Wednesday, as the prospects of higher-for-longer US interest rates pushed bond yields up to multi-year highs and also underpinned the greenback. The US Dollar Index scaled a fresh 10-month peak of 106.321 earlier on Wednesday and was last little changed at 106.203. The Federal Reserve left the target […]
Read moreSeptember 26, 2023 10:23 am
The South African Rand retreated sharply against a stronger US Dollar on Tuesday on prospects that US interest rates may remain elevated for longer. The benchmark 10-year US Treasury yield rose as high as 4.56% earlier on Tuesday, a level not seen since October 2007. The US Dollar Index was last inching up 0.05% on […]
Read moreSeptember 26, 2023 8:01 am
The USD/INR currency pair firmed on Tuesday, as a surge in US Treasury yields underpinned the US Dollar. The Rupee retreated alongside other Asian currencies, with the South Korean Won leading losses. A combination of resilient macro data, hawkish comments from Federal Reserve officials and a budget deficit to be funded through borrowing pushed the […]
Read moreSeptember 25, 2023 8:02 am
Having retreated more than 0.8% last week following policy decisions by the Bank of England and the Bank of Japan, the GBP/JPY currency pair was mostly steady on Monday, but not far from recent 1 1/2-month trough. The Bank of England left its benchmark interest rate without change at 5.25% at its September meeting, with […]
Read moreSeptember 22, 2023 8:38 am
The Japanese Yen retreated against the Euro on Friday, after the Bank of Japan maintained its ultra-accommodative policy and again pledged to keep monetary support until Japan’s inflation sustainably reaches the 2% target. The BoJ left its benchmark short-term interest rate without change at -0.10% at its September policy meeting and also kept a 0% […]
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