November 5, 2024 10:29 am
The USD/CHF currency pair extended losses on Tuesday ahead of the outcome of the US presidential election. The greenback retreated at the start of the week after an opinion poll over the weekend showed a surprise lead for Democrat Kamala Harris in Iowa, which is a traditional Republican stronghold. However, as a whole, polls continue […]
Read moreNovember 5, 2024 8:38 am
The USD/SGD currency pair extended losses on Tuesday as US presidential election day put markets on edge. According to Pepperstone’s Michael Brown, a victory for Donald Trump would likely prompt market players to focus on reflation, anticipated tax cuts and potential tariffs. “Initial market reactions may include USD gains, especially against currencies at risk of […]
Read moreNovember 3, 2024 4:11 pm
Retail sales in Switzerland were reported to have risen at the softest annual rate since May in September. Retail sales went up 2.2% year-on-year in September, while slowing from a revised down 2.7% rise in August, the data showed. The latest figure fell short of market consensus of a 2.5% growth. In September, sales dropped […]
Read moreNovember 3, 2024 11:41 am
India’s foreign exchange reserves have eased for a fourth consecutive week from the record high of $704.9 billion registered in the last week of September. Foreign exchange reserves held by the Reserve Bank of India decreased to $684.8 billion as of October 25th, the latest data showed. The result was largely attributed to an outflow […]
Read moreNovember 1, 2024 8:11 am
South Korea reported a trade surplus for the 17th straight month in October. The nation’s trade surplus widened to USD 3.17 billion in October from USD 1.56 billion in the same month a year ago, data by the Ministry of Trade, Industry & Energy showed on Friday. In comparison, a consensus of analyst estimates had […]
Read moreOctober 31, 2024 10:38 am
Annual consumer price inflation in the Euro Area has picked up to 2% in October from 1.7% in September, preliminary data by Eurostat showed. September’s rate has been the lowest since April 2021. Market consensus had pointed to a lesser acceleration – to 1.9%. Still, inflation is now in line with the European Central Bank’s […]
Read moreOctober 31, 2024 8:10 am
Retail sales in Germany rose at a monthly rate of 1.2% in September, after a revised down 1.2% surge in August, the latest data by the Federal Statistical Office showed. In comparison, a consensus of analyst estimates had pointed to a 0.5% slump. In September, non-food sales went up 1.7% over the prior month, with […]
Read moreOctober 30, 2024 8:34 am
The French economy has expanded at the fastest quarterly rate since Q4 of 2023 in the third quarter of 2024, preliminary data showed. France’s GDP grew 0.4% quarter-on-quarter in Q3, while picking up from a 0.2% growth in Q2. The latest figure also outstripped market consensus of a 0.3% growth. Household consumption rose 0.5% quarter-on-quarter […]
Read moreOctober 29, 2024 3:50 pm
The number of job openings in the United States decreased to 7.443 million in September from a revised down 7.861 million in August, data by the Bureau of Labor Statistics showed. In comparison, a consensus of analyst estimates had pointed to a level of 7.99 million. It has been the lowest number of job openings […]
Read moreOctober 28, 2024 12:08 pm
Retail sales in Spain have risen at an annualized rate of 4.1% in September, after a revised up 2.4% surge in August, the latest data by the National Statistics Institute showed. It has been the strongest retail sales growth since March 2023. In September, sales of non-food products went up 4.8% YoY, driven by growth […]
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