February 29, 2024 1:55 pm
Canada’s economy expanded 0.2% quarter-on-quarter in Q4, the latest data by Statistics Canada showed, following a revised up 0.1% contraction in Q3. Last quarter, Canada’s exports of goods and services surged 1.4%, mostly supported by a 6.2% increase in shipments of crude oil and crude bitumen. Total imports of goods and services went down 0.4% […]
Read moreFebruary 29, 2024 8:32 am
Switzerland’s economy grew 0.3% quarter-on-quarter in Q4 of 2023, the latest data by the State Secretariat for Economic Affairs showed. The latter matched the rate of growth in the previous quarter and exceeded a consensus of analyst estimates of a 0.1% expansion. The country’s manufacturing sector registered a 0.1% contraction in Q4, as exports in […]
Read moreFebruary 28, 2024 10:47 am
Euro Area’s economic sentiment surprisingly deteriorated in February, the latest data by the European Commission showed. The economic sentiment indicator came in at a reading of 95.4 in February, down from 96.1 in the prior month and below market expectations of 96.7. Sentiment was still subdued, as corporate entities and consumers looked to weather persistently […]
Read moreFebruary 28, 2024 8:24 am
The GBP/NZD currency pair rose sharply on Wednesday, after the Reserve Bank of New Zealand delivered a less hawkish message than some had expected at its February policy meeting. The central bank kept its official cash rate unchanged at 5.5%, in line with market consensus, while extending the rate pause for a fifth consecutive meeting. […]
Read moreFebruary 27, 2024 12:41 pm
The USD/SEK currency pair edged higher on Tuesday, but hovered just above a 6-week low of 10.2475, as market players looked ahead of key US and Swedish macro data prints due to be released later in the week. The second estimate of US GDP growth for Q4 is slated to be released tomorrow. The US […]
Read moreFebruary 27, 2024 9:55 am
The NZD/USD currency pair traded little changed on Tuesday, after pulling back from a 5-week high of 0.6218, ahead of the outcome of the RBNZ’s policy meeting on February 28th. Market players will also pay attention to several key US macro data prints later this week, which may provide fresh clues regarding the timing of […]
Read moreFebruary 27, 2024 8:36 am
The NZD/JPY currency pair pulled back from recent 109-month high of 93.449 ahead of the outcome of the RBNZ’s policy meeting on February 28th, while data showed Japan’s headline inflation had dropped to its lowest level since March 2022. Annual inflation rate in Japan was reported at 2.2% in January, down from 2.6% in December, […]
Read moreFebruary 22, 2024 11:44 am
The USD/CAD currency pair edged lower on Thursday ahead of Canadian retail sales data, which may provide further clues over the Bank of Canada’s rate trajectory, and after the FOMC meeting minutes revealed a cautious approach to rate cuts. FOMC policy makers expressed concerns over the risks of reducing interest rates too early, the minutes […]
Read moreFebruary 22, 2024 10:14 am
The NZD/USD currency pair scaled a fresh five-week peak on Thursday, after data showed New Zealand’s trade deficit had shrunk in January, while the FOMC meeting minutes revealed a cautious approach to rate cuts. New Zealand’s trade deficit shrank to NZD 0.976 billion in January from NZD 2.095 billion in the same month of 2023. […]
Read moreFebruary 22, 2024 9:03 am
The USD/KRW currency pair lost ground on Thursday, after the Bank of Korea kept borrowing costs intact for a ninth consecutive policy meeting, noting it required more time to assess changes in local and external conditions. Meanwhile, Federal Reserve policy makers said they did not expect it would be appropriate to cut interest rates until […]
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