October 12, 2024 3:51 pm
Annual consumer price inflation in Germany has been confirmed at 1.6% in September, a final estimate by the Federal Statistical Office showed. It has been the lowest CPI inflation reading since February 2021. Energy costs plummeted 7.6% YoY in September after a 5.1% decline in August, while food prices went up 1.6% YoY after another […]
Read moreOctober 10, 2024 10:48 am
Mining production in South Africa has expanded 0.3% year-on-year in August, while rebounding after a 1% drop in July, data by Statistics South Africa showed. It has been the first expansion in industrial activity in three months. Growth was mostly driven by higher production of chromium ore (+24.8% YoY), manganese ore (+16% YoY) and PGMs […]
Read moreOctober 10, 2024 7:04 am
Norway’s annual consumer price inflation has picked up to 3% in September from 2.6% in August, the latest data by Statistics Norway showed. Market consensus had pointed to a faster acceleration – to 3.2%. September’s rate has been the highest since May, as cost of housing and utilities surged 5.1% year-on-year, picking up from 2.3% […]
Read moreOctober 9, 2024 7:03 am
The New Zealand Dollar plunged to a fresh seven-week low against its US counterpart on Wednesday, after the Reserve Bank of New Zealand cut its official cash rate by 50 basis points to 4.75% at its October policy meeting, in line with market consensus. The RBNZ said in its statement that the decision aimed “to […]
Read moreOctober 8, 2024 11:41 am
The USD/CHF currency pair edged higher on Tuesday, as investors continued assessing the outlook for US interest rates in the wake of a strong employment report that drastically affected monetary easing expectations. Markets are now pricing in about an 86% chance of a 25 basis point rate cut at the Federal Reserve’s policy meeting in […]
Read moreOctober 8, 2024 10:37 am
The NZD/CAD currency pair was attempting a rebound from a one-month low of 0.8323 on Tuesday ahead of the outcome of the RBNZ’s policy meeting on October 9th and Canadian trade balance data. The Reserve Bank of New Zealand is expected to reduce its official cash rate by 50 basis points to 4.75%. It would […]
Read moreOctober 8, 2024 8:42 am
The NZD/USD currency pair hovered just above a fresh one-month low of 0.6106 on Tuesday ahead of the outcome of the RBNZ’s policy meeting on October 9th. The Reserve Bank of New Zealand is expected to reduce its official cash rate by 50 basis points to 4.75%. It would extend the 25 basis point rate […]
Read moreOctober 8, 2024 7:32 am
The USD/SEK currency pair traded within a narrow range on Tuesday, not far from recent three-week high of 10.3974, following Swedish CPI inflation data. Meanwhile, investors continued assessing the outlook for US interest rates in the wake of a strong employment report that drastically affected monetary easing expectations. Markets are now pricing in about an […]
Read moreOctober 7, 2024 10:34 am
Foreign exchange reserves in Singapore have dropped to their lowest level since March in September, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves decreased to SGD 499.7 billion in September from SGD 501.3 billion in August. The latest figure was mostly driven by a drop in: – Special Drawing Rights […]
Read moreOctober 7, 2024 8:19 am
The USD/ZAR currency pair traded not far from recent two-week high of 17.6022 on Monday. The US Dollar maintained gains against major peers after a robust US employment report pointed to a resilient economy and urged market players to reduce bets of an out-sized Federal Reserve rate cut in November. Data showed last Friday that […]
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