December 20, 2024 9:18 am
New Zealand reported a trade deficit of NZD 0.4 billion in November, which compares with a NZD 1.2 billion trade gap in the same month of 2023. Total exports surged 9.1% year-on-year to NZD 6.48 billion in November. That reflected higher shipments of: – fruit (162% YoY); – precious metals, jewelry and coins (51% YoY); […]
Read moreDecember 19, 2024 11:21 am
The USD/SGD currency pair traded in proximity to a fresh 7 1/2-month high of 1.3634 on Thursday, after the Federal Reserve signaled fewer rate cuts in 2025 due to robust GDP growth and persistent inflation. The central bank’s dot plot projections showed just two interest rate cuts next year, totaling 50 basis points. That compares […]
Read moreDecember 18, 2024 12:10 pm
The EUR/USD currency pair remained confined in a narrow trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will be on the extent of rate […]
Read moreDecember 18, 2024 9:37 am
The USD/MYR currency pair was mostly flat on Wednesday, holding not far from a fresh 1-month high of 4.4730, ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will […]
Read moreDecember 16, 2024 9:32 am
Annual food inflation in New Zealand has picked up to 1.3% in November from 1.2% in October, data by Statistics New Zealand showed. It has pointed to the fastest increase in food prices since February. The acceleration was mostly driven by higher cost of non-alcoholic beverages (up 4.4% YoY), restaurant meals and ready-to-eat food (up […]
Read moreDecember 15, 2024 12:35 pm
Foreign direct investment in China decreased 27.9% year-on-year to CNY 749.7 billion in the period January to November 2024, data by the Ministry of Commerce of the People’s Republic of China showed. That compares with a 29.8% YoY slump in the first ten months of the year. 82.53 billion yuan were invested in the high-tech […]
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