September 3, 2024 12:53 pm
The CAD/CHF currency pair pulled back from a two-week peak of 0.6322, while holding below the 0.6300 mark on Tuesday, after Swiss macro data and ahead of the outcome of the Bank of Canada’s policy meeting. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 4.25% at […]
Read moreSeptember 3, 2024 11:10 am
The USD/ZAR currency pair traded near a fresh 1 1/2-week peak of 17.9767 on Tuesday ahead of a series of high-tier US macro data this week, including the Non-Farm Payrolls report, which could affect the size of an interest rate cut by the Federal Reserve in September. The US job openings data on Wednesday and […]
Read moreSeptember 3, 2024 9:54 am
The USD/CAD currency pair traded not far from a fresh 1 1/2-week high of 1.3530 on Tuesday ahead of the outcome of the Bank of Canada’s policy meeting. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 4.25% at its September policy meeting. This would extend the […]
Read moreSeptember 3, 2024 8:06 am
The USD/CHF currency pair held in proximity to a fresh one-week high of 0.8537 on Tuesday, after data revealed the Swiss economy had registered the fastest quarterly expansion since the second quarter of 2022, while annual CPI inflation had eased to its lowest level since March in August. The US Dollar remained firm ahead of […]
Read moreSeptember 2, 2024 10:39 am
The USD/KRW currency pair held close to a one-week high of 1,341.15 on Monday, as market players trimmed bets on aggressive monetary policy easing by the Federal Reserve. Since the closely watched US PCE inflation has held stable in July, this reduced the need for a substantial Fed interest rate cut in September. Markets are […]
Read moreAugust 31, 2024 3:05 pm
The unemployment rate in Italy has decreased to its lowest level since March 2008 in July, the latest data by the National Institute of Statistics showed. The jobless rate was reported at 6.5% in July, down from 6.9% in June. In comparison, market consensus had pointed to a rate of 7%. The number of unemployed […]
Read moreAugust 30, 2024 2:58 pm
Annual consumer price inflation in the Euro Area has decelerated to 2.2% in August from 2.6% in July, in line with market consensus, preliminary data by Eurostat showed. It has marked the lowest CPI inflation since July 2021. The latest figure indicated that further progress had been made towards the European Central Bank’s 2% inflation […]
Read moreAugust 30, 2024 9:37 am
The unemployment rate in Japan was reported at 2.7% in July, up from 2.5% in the prior month, data by the Ministry of Internal Affairs & Communications showed. It has been the highest jobless rate since August 2023. The number of unemployed persons went up by 110,000 to 1.87 million in July, while the number […]
Read moreAugust 29, 2024 12:37 pm
Annual consumer price inflation in Germany has eased to its lowest level since March 2021 in August, a preliminary figure showed. Annual CPI inflation stood at 1.9% in August, while easing from 2.3% in July. In comparison, market consensus had pointed to a lesser slowdown – to 2.1%. Meanwhile, Germany’s EU-harmonized inflation rate eased to […]
Read moreAugust 29, 2024 9:29 am
Retail sales in Norway have increased 1.2% in July over June, the latest data by Statistics Norway showed. The latter followed a 5.1% slump in June and topped market consensus of a 0.9% surge. In July, sales rebounded for: – non-specialized stores (1.5% after a 6.4% slump in June); – food and beverages (1.3% after […]
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