October 8, 2024 8:42 am
The NZD/USD currency pair hovered just above a fresh one-month low of 0.6106 on Tuesday ahead of the outcome of the RBNZ’s policy meeting on October 9th. The Reserve Bank of New Zealand is expected to reduce its official cash rate by 50 basis points to 4.75%. It would extend the 25 basis point rate […]
Read moreOctober 8, 2024 7:32 am
The USD/SEK currency pair traded within a narrow range on Tuesday, not far from recent three-week high of 10.3974, following Swedish CPI inflation data. Meanwhile, investors continued assessing the outlook for US interest rates in the wake of a strong employment report that drastically affected monetary easing expectations. Markets are now pricing in about an […]
Read moreOctober 7, 2024 10:34 am
Foreign exchange reserves in Singapore have dropped to their lowest level since March in September, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves decreased to SGD 499.7 billion in September from SGD 501.3 billion in August. The latest figure was mostly driven by a drop in: – Special Drawing Rights […]
Read moreOctober 7, 2024 8:19 am
The USD/ZAR currency pair traded not far from recent two-week high of 17.6022 on Monday. The US Dollar maintained gains against major peers after a robust US employment report pointed to a resilient economy and urged market players to reduce bets of an out-sized Federal Reserve rate cut in November. Data showed last Friday that […]
Read moreOctober 7, 2024 6:58 am
The USD/NOK currency pair traded within striking distance of a three-week high of 10.6977 on Monday, as the greenback maintained gains after a robust employment report that pointed to a resilient economy and urged market players to reduce bets of an out-sized Federal Reserve rate cut in November. Data showed last Friday that the US […]
Read moreOctober 5, 2024 12:19 pm
Retail sales in Italy unexpectedly shrank in August, the latest data by the National Institute of Statistics showed. Sales dropped 0.5% from a month ago in August, while offsetting a 0.5% surge in July. In comparison, a consensus of analyst estimates had pointed to a 0.2% rise. In August, retail turnover for non-food items dropped […]
Read moreOctober 4, 2024 12:27 pm
General Dynamics Electric Boat Corp (NYSE: GD) has secured a $243.799 million cost-plus-fixed-fee order to provide unique parts and specialized material, including initial spares, for Virginia-class submarines. Work is to be performed in Groton, Connecticut, and is slated to be completed by September 2028, the US Department of Defense said. Naval Sea Systems Command, Washington, […]
Read moreOctober 4, 2024 8:51 am
The USD/SGD currency pair was mostly flat on Friday, trading not far from a two-week high of 1.2984, as concerns over rising geopolitical risks and the potential impact on global economic growth weighed on market sentiment. Yesterday US President Joe Biden abstained from directly condemning the potential for Israel to target Iran, while Tel Aviv […]
Read moreOctober 4, 2024 7:11 am
Spot Gold traded in proximity to an all-time high of $2,685.64 per troy ounce on Friday, as it drew support from its safe-haven status amid heightened Middle East tensions. Yesterday US President Joe Biden abstained from directly condemning the potential for Israel to target Iran, while Tel Aviv had pledged to retaliate against the Islamic […]
Read moreOctober 3, 2024 11:29 am
Enterprise Products Partners (NYSE: EPD) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.525 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on November 14th to shareholders of record as of the close of […]
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