Forex and Currency News

Japan’s machine tool order growth picks up in June

Machine tool orders in Japan have increased at a much faster rate in June compared to the previous month, data by the Japan Machine Tool Builders’ Association showed. Orders rose 9.7% year-on-year to JPY 133,817 million in June, following a 4.2% growth in May. June’s performance was mostly driven by a 14.6% surge in foreign […] Read more

US one-year inflation expectations drop to 3%

Consumer inflation expectations in the US for the upcoming 12 months have decreased for a second straight month in June, to 3% from 3.2% in May, the latest data by the Federal Reserve Bank of New York showed. US consumers now expect a lesser increase in prices for: – gas – down 0.5 percentage point […] Read more

Singapore’s Forex reserves at fresh over two-year high

Foreign exchange reserves in Singapore have risen to a new more than two-year high in June, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves grew to SGD 503.71 billion in June from SGD 500.86 billion in May. It has been the highest level of Forex reserves since April 2022. The […] Read more

Australia’s home loans surprisingly shrink in May

The total value of new home loans for owner-occupied homes in Australia unexpectedly shrank in May, by 2% month-over-month to AUD 18.13 billion, following a revised up 4.5% increase in April. In comparison, market consensus had pointed to a 2% growth in new home loans. In May, construction of dwellings contracted 0.7% after a 6% […] Read more

Norway’s manufacturing production rebounds in May

Manufacturing production in Norway was reported to have increased at a monthly rate of 1.3% in May, while rebounding from a revised down 5.5% drop in April. Production rebounded for most components: – textiles, wearing apparel & leather (8.4% in May after a 15.4% drop in April); – printing & reproduction (1.3% in May after […] Read more

Sweden’s economy expands 0.1% month-on-month in May

Sweden’s economy grew at a monthly rate of 0.1% in May, after contracting 0.7% in April, data by Statistics Sweden showed. Yet, the nation’s “economic activity remained lower than in the first quarter. Household consumption expenditure continued to weaken while lower imports concerning goods held up GDP,” Mattias Kain Wyatt, economist at Statistics Sweden, said […] Read more

Singapore’s retail sales rise 2.2% in May

Singapore’s retail sales were reported to have increased at an annualized rate of 2.2% in May, while rebounding from a 1.2% drop in April. In May, sales rebounded for cosmetics, toiletries & medical goods (3.1% YoY after a 4.6% YoY slump in April), furniture & household equipment (1.2% YoY after a 2.4% YoY drop in […] Read more

South Africa’s Forex reserves at $62.1 billion in June

Foreign exchange reserves in South Africa expanded to $62.100 billion in June from $62.087 billion in May, data by the South African Reserve Bank showed. It has been the highest level of foreign exchange reserves since March. The nation’s foreign currency reserves grew to $46.46 billion in June from $46.42 billion in May. Special Drawing […] Read more

Switzerland’s CPI inflation eases to 1.3% in June

Annual consumer price inflation in Switzerland has eased to 1.3% in June from a four-month high of 1.4% in May, the latest data by the Swiss Federal Statistical Office showed. In June, prices continued to fall for clothing & footwear (-2% YoY versus -1.1% YoY in May) and for household goods & services (-2.5% YoY […] Read more

Sweden’s services sector expands for 1st time since March

Sweden’s services sector has returned to growth in June, the latest data by Swedbank showed. The Services Purchasing Managers’ Index was reported at a reading of 51.8 in June, up from a revised up 49.8 in May. The sub-indexes of new orders (52.5 versus 50.5 in May) and delivery times (54.1 versus 49.8 in May) […] Read more