November 10, 2024 11:44 am
Foreign exchange reserves in Singapore have risen to their highest level since March 2022 in October, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves increased to SGD 507.6 billion in October from SGD 499.7 billion in September. The latest figure was mostly driven by increases in: – Special Drawing Rights […]
Read moreNovember 9, 2024 2:28 pm
Sweden’s industrial production has contracted 1% year-on-year in September, following a revised up 4.4% YoY drop in August, data by Statistics Sweden showed. September has been the sixth straight month of decreasing industrial activity. The nation’s manufacturing output shrank 0.7% YoY in September, after a 4.5% contraction in August. On the other hand, output at […]
Read moreNovember 9, 2024 11:44 am
Foreign exchange reserves in South Africa decreased to $63.028 billion in October from a record high of $63.633 billion in September, data by the South African Reserve Bank showed. Special Drawing Rights dropped to $6.310 billion in October from $6.427 billion in September, while foreign currency reserves shrank to $45.515 billion from $46.551 billion previously. […]
Read moreNovember 8, 2024 8:37 am
Spot Gold retreated on Friday, slipping below the $2,700 mark, and looked set for a 1.70% weekly loss due to a stronger US Dollar and a rise in Treasury yields after Donald Trump’s victory in the 2024 presidential election. “The gold market was waiting for a trigger to prompt some liquidation. There is some kind […]
Read moreNovember 7, 2024 9:15 am
The GBP/SEK currency pair held not far from yesterday’s near 19-year high of 14.0408 on Thursday, after Sweden’s Riksbank reduced its key policy rate by 50 basis points to 2.75% at its November meeting, in line with market consensus. The Swedish central bank has cut borrowing costs four times this year, as it addressed easing […]
Read moreNovember 7, 2024 8:20 am
The GBP/USD currency pair rebounded from yesterday’s 12-week low of 1.2834 on Thursday – a level it touched after Republican Donald Trump’s victory in the US presidential election. Meanwhile, market focus now shifts towards major central banks’ policy meetings. Trump achieved victory over Democrat Vice President Kamala Harris, while Republicans also won a majority in […]
Read moreNovember 6, 2024 9:50 am
The USD/SEK currency pair surged more than 1% on Wednesday, touching a fresh six-month high of 10.9096, as market players positioned for the prospect of a Donald Trump victory following early results from the US election. Trump captured 15 states, while Harris won 7 states and Washington, D.C., according to Edison Research. Trump led Harris […]
Read moreNovember 6, 2024 8:36 am
The NZD/USD currency pair retreated more than 1% on Wednesday, hitting a fresh three-month low of 0.5911, as market players positioned for the prospect of a Donald Trump victory following early results from the US election. Trump captured 15 states, while Harris won 7 states and Washington, D.C., according to Edison Research. Trump led Harris […]
Read moreNovember 5, 2024 3:12 pm
Sweden’s services sector has returned to growth in October, data showed. The Services PMI came in at a level of 52.9 in October, up from 48.9 in September. The sub-indexes of new business volume (at 56.1 in October from 47.2 in September), new orders (at 56.4 in October from 50.2 in September) and delivery times […]
Read moreNovember 5, 2024 10:29 am
The USD/CHF currency pair extended losses on Tuesday ahead of the outcome of the US presidential election. The greenback retreated at the start of the week after an opinion poll over the weekend showed a surprise lead for Democrat Kamala Harris in Iowa, which is a traditional Republican stronghold. However, as a whole, polls continue […]
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