January 22, 2025 8:28 am
The USD/MYR currency pair plummeted to a fresh six-week low of 4.4440 on Wednesday, after the Central Bank of Malaysia left borrowing costs without change for a tenth straight policy meeting in January, in line with market consensus. The Central Bank of Malaysia maintained its benchmark interest rate at 3%, as policy makers remained supportive […]
Read moreJanuary 16, 2025 8:06 am
The South Korean Won pulled back from a fresh one-week high against the US Dollar, after the Bank of Korea surprisingly left interest rates without change at its January meeting. The Bank of Korea kept its base rate intact at 3%, against market consensus of a 25 basis point cut. The rate decision came amid […]
Read moreJanuary 15, 2025 12:19 pm
Industrial production in the Euro Area was reported to have risen 0.2% month-over-month in November, after a revised up 0.2% growth in October. The latest result fell short of market consensus of a 0.3% increase. In November, production rebounded for: – energy (up 1.1% after a 1.3% drop in October); – durable consumer goods (up […]
Read moreJanuary 15, 2025 9:33 am
The USD/NOK currency pair eased from a recent peak of 11.5302, its highest level since March 2020, on Wednesday ahead of the essential US CPI inflation data that could provide further clues over the Federal Reserve’s monetary easing path. Annual headline consumer inflation in the US probably picked up to 2.9% in December, according to […]
Read moreJanuary 15, 2025 8:10 am
The GBP/USD currency pair remained pressured not far from a 14 1/2-month low of 1.2099 on Wednesday, after data showed annual headline and core inflation rates in the UK had slowed in December. Annual inflation rate in the UK eased to 2.5% in December from 2.6% in November, data by the Office for National Statistics […]
Read moreJanuary 13, 2025 11:54 am
Annual CPI inflation in India has slowed further, to 5.22% in December from 5.48% in November, data showed on Monday. In comparison, a consensus of analyst estimates had pointed to a slowdown to 5.3%. The inflation rate has remained within the Reserve Bank of India’s medium-term target range of 2%-6%. Food inflation in the country […]
Read moreJanuary 13, 2025 9:55 am
The number of jobs advertised in the major daily newspapers in Australia as well as on Internet sites rose 0.3% month-over-month in December, the latest data by ANZ showed. That followed a 1.8% drop in the preceding month and implied labor market resilience amid high interest rates. Hiring activity usually halts during December, but still, […]
Read moreJanuary 12, 2025 3:52 pm
The jobless rate in Malaysia was reported at 3.2% in November, down from 3.3% in the same month of 2023. The rate has remained at its lowest level since January 2020 for a fourth month in a row. The number of unemployed persons went down 4.0% year-on-year to a five-month low of 546,700 in November, […]
Read moreJanuary 12, 2025 11:08 am
Retail sales in Italy decreased 0.4% from a month ago in November, following a 0.5% drop in October, data by the National Institute of Statistics showed. In comparison, a consensus of analyst estimates had pointed to a 0.2% growth. Sales dropped at a slower rate for food items, by 0.1% compared to a 0.7% decrease […]
Read moreJanuary 12, 2025 9:53 am
Sweden’s economy grew at a monthly rate of 1.4% in November, as it recovered from a 0.4% contraction in the prior month, data by Statistics Sweden showed. It has been the sharpest monthly growth since January 2023. “November saw an upturn in economic activity with growth in both goods- and service-producing industries as well as […]
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