September 25, 2024 11:05 am
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.8% to NOK 7.44 billion at the end of August, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since September 2023 and followed a 3.7% increase in July. Loan debt of households rose 3.5% […]
Read moreSeptember 25, 2024 8:41 am
The Swedish Krona weakened against the Euro on Wednesday, after Riksbank lowered its benchmark policy rate by 25 basis points to 3.25% at its September meeting, in line with market consensus. That followed another such move in August. Riksbank also flagged more rate cuts at the two remaining monetary policy meetings this year, in case […]
Read moreSeptember 25, 2024 6:57 am
Consumer morale in South Korea has decreased to its lowest level since May in September, data by the Bank of Korea showed. The Composite Consumer Sentiment Index came in at a reading of 100.0 in September, down from 100.8 in August. The gauge of future household income expectations remained steady at 98, while that of […]
Read moreSeptember 24, 2024 10:53 am
The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed. The index came in at a reading of 85.4 in September, down from 86.6 in August. It has been the gauge’s lowest level since January. The latest reading was also below market consensus of […]
Read moreSeptember 19, 2024 10:06 am
The EUR/USD currency pair traded in proximity to a fresh three-week high of 1.1189 on Thursday, after the Federal Reserve began its monetary easing cycle with an out-sized rate cut, the first reduction in borrowing costs since March 2020. The Fed reduced the target range for the federal funds rate by 50 basis points to […]
Read moreSeptember 18, 2024 12:52 pm
The annual CPI inflation rate in the Euro Area was confirmed at 2.2% in August, while easing from 2.6% in July. August’s rate has been the lowest since July 2021. Last month, inflation picked up for services (4.1% YoY from 4% YoY in July), while it remained steady for food, alcohol & tobacco, at 2.3%. […]
Read moreSeptember 18, 2024 9:49 am
The GBP/SEK currency pair gained ground on Wednesday, after data showed annual core inflation in the UK picked up in August, a day before the Bank of England announces its policy decision. Annual inflation rate in the UK remained steady at 2.2% in August, data by the Office for National Statistics showed, in line with […]
Read moreSeptember 18, 2024 8:19 am
The GBP/USD currency pair edged higher on Wednesday, after data showed annual core inflation in the UK picked up in August and ahead of the outcome of the Federal Reserve’s and the Bank of England’s policy meetings. Annual inflation rate in the UK remained steady at 2.2% in August, data by the Office for National […]
Read moreSeptember 18, 2024 7:09 am
The GBP/CHF currency pair was mostly flat during early European session on Wednesday, after data showed annual headline inflation in the UK remained stable in August and ahead of the outcome of the Bank of England’s policy meeting. Annual inflation rate in the UK remained steady at 2.2% in August, data by the Office for […]
Read moreSeptember 17, 2024 11:14 am
The CAD/CHF currency pair remained stuck in a tight trading range on Tuesday, as market players awaited the Canadian CPI inflation data for August due out later today. The median CPI inflation probably eased to 2.3% in August, according to market consensus, from 2.4% in July. The latter has been the lowest rate since mid-2021. […]
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