September 3, 2024 8:06 am
The USD/CHF currency pair held in proximity to a fresh one-week high of 0.8537 on Tuesday, after data revealed the Swiss economy had registered the fastest quarterly expansion since the second quarter of 2022, while annual CPI inflation had eased to its lowest level since March in August. The US Dollar remained firm ahead of […]
Read moreSeptember 2, 2024 10:39 am
The USD/KRW currency pair held close to a one-week high of 1,341.15 on Monday, as market players trimmed bets on aggressive monetary policy easing by the Federal Reserve. Since the closely watched US PCE inflation has held stable in July, this reduced the need for a substantial Fed interest rate cut in September. Markets are […]
Read moreAugust 31, 2024 3:05 pm
The unemployment rate in Italy has decreased to its lowest level since March 2008 in July, the latest data by the National Institute of Statistics showed. The jobless rate was reported at 6.5% in July, down from 6.9% in June. In comparison, market consensus had pointed to a rate of 7%. The number of unemployed […]
Read moreAugust 30, 2024 2:58 pm
Annual consumer price inflation in the Euro Area has decelerated to 2.2% in August from 2.6% in July, in line with market consensus, preliminary data by Eurostat showed. It has marked the lowest CPI inflation since July 2021. The latest figure indicated that further progress had been made towards the European Central Bank’s 2% inflation […]
Read moreAugust 30, 2024 9:37 am
The unemployment rate in Japan was reported at 2.7% in July, up from 2.5% in the prior month, data by the Ministry of Internal Affairs & Communications showed. It has been the highest jobless rate since August 2023. The number of unemployed persons went up by 110,000 to 1.87 million in July, while the number […]
Read moreAugust 29, 2024 12:37 pm
Annual consumer price inflation in Germany has eased to its lowest level since March 2021 in August, a preliminary figure showed. Annual CPI inflation stood at 1.9% in August, while easing from 2.3% in July. In comparison, market consensus had pointed to a lesser slowdown – to 2.1%. Meanwhile, Germany’s EU-harmonized inflation rate eased to […]
Read moreAugust 29, 2024 9:29 am
Retail sales in Norway have increased 1.2% in July over June, the latest data by Statistics Norway showed. The latter followed a 5.1% slump in June and topped market consensus of a 0.9% surge. In July, sales rebounded for: – non-specialized stores (1.5% after a 6.4% slump in June); – food and beverages (1.3% after […]
Read moreAugust 26, 2024 1:04 pm
The seasonally adjusted unemployment rate in Norway has decreased to 3.9% in July from 4.1% in June, data by Statistics Norway showed. It has been the lowest jobless rate since February. The number of unemployed individuals dropped by 5,000 from a month ago to 118,000 in July. At the same time, the number of employed […]
Read moreAugust 26, 2024 9:10 am
The USD/CHF currency pair plunged to a fresh three-week low of 0.8456 on Monday, after Federal Reserve Chair Jerome Powell solidified market expectations of a rate cut in September. In a speech at the Jackson Hole symposium last week, the Fed Chair signaled the central bank was ready to adjust monetary policy, as the timing […]
Read moreAugust 25, 2024 11:48 am
Annual consumer inflation in Singapore has remained stable at 2.4% in July, data by Statistics Singapore showed. It has been the lowest inflation level since August 2021. The actual figure compares with market consensus of 2.5%. Food inflation has been the lowest in more than 2 years in July, at 2.7%, while easing from 2.8% […]
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