January 16, 2024 8:14 am
The GBP/JPY currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated further in the three months to November, which reinforced investor expectations of sharp interest rate cuts by the Bank of England this year. Average weekly earnings, including bonuses, rose 6.5% year-on-year to GBP 666 per week in the three […]
Read moreJanuary 15, 2024 10:52 am
The Euro Area posted a trade surplus of EUR 20.3 billion in November, or well above market consensus of EUR 11.2 billion. The figure also compares with a EUR 13.8 billion trade deficit in November 2022. Total imports shrank 16.7% year-on-year to EUR 232.2 billion in November, data by Eurostat showed. Total exports dropped 4.7% […]
Read moreJanuary 15, 2024 9:19 am
Germany’s economy shrank 0.3% in 2023, the Federal Statistical Office said on Monday, following a revised down 1.8% expansion in the previous year. The latest figure came in line with market consensus. Persistently high inflation coupled with rising interest rates throughout the year weighed on economic activity and demand – both domestically and abroad. Output […]
Read moreJanuary 11, 2024 9:42 am
The South African Rand gained against the US Dollar on Thursday ahead of local manufacturing data and a highly anticipated US CPI inflation report that could affect Federal Reserve’s rate outlook. Annual core consumer price inflation is expected to have slowed further in December, to 3.8%, according to market consensus, from 4% in November. A […]
Read moreJanuary 11, 2024 8:32 am
The South Korean Won firmed against the US Dollar on Thursday, after the Bank of Korea (BOK) hinted it might pivot towards monetary easing amid a further slowdown in inflation and record household debt levels. The central bank left its base rate without change at 3.5% at its January policy meeting, in line with market […]
Read moreJanuary 9, 2024 10:16 am
The seasonally-adjusted unemployment rate in the Euro Area was reported to have decreased to 6.4% in November from 6.5% in October. The latest figure matched the all-time low from June 2023. The number of unemployed persons dropped by 99,000 from the October level to 10.970 million, data by Eurostat showed on Tuesday. The youth unemployment […]
Read moreJanuary 8, 2024 10:19 am
Retail sales in the Euro Area dropped at a monthly rate of 0.3% in November, in line with market consensus. It has been the steepest decrease in retail volume since August. The data followed a revised up 0.4% increase in October. Sales of food, beverages and tobacco dropped 0.1% month-over-month in November, a second straight […]
Read moreJanuary 5, 2024 10:23 am
The annual CPI inflation in the Euro Area was reported to have risen to 2.9% in December from a more than 2-year low of 2.4% in November, preliminary data by Eurostat showed on Friday. In comparison, market consensus had pointed to a sharper increase to 3%. It has been the first inflation uptick since April, […]
Read moreJanuary 5, 2024 8:43 am
The USD/ZAR pair edged up on Friday, while holding near recent three-week high of 18.8384, ahead of key US employment data later in the day that could provide clues over Fed rate outlook. The exotic currency pair looked set to register its best weekly performance since early August, being up 2.45%, on the back of […]
Read moreJanuary 4, 2024 1:26 pm
Private sector employers in the United States hired 164,000 workers in December, following a revised down employment growth of 101,000 in November, data by Automatic Data Processing showed on Thursday. The December figure outstripped a consensus of analyst estimates of 115,000. The leisure and hospitality segment added the highest number of jobs last month, 59,000. […]
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