Forex and Currency News

Singapore’s retail sales drop 0.6% YoY in June

Singapore’s retail sales were reported to have decreased at an annualized rate of 0.6% in June, after a 2.2% surge in May. In June, sales went down for: – furniture & household equipment (-1.9% YoY versus a 1.1% YoY rise in May); – watches & jewelry (-1.7% YoY after a 7.4% YoY increase in May); […] Read more

Switzerland’s CPI inflation stable at 1.3% in July

Annual consumer price inflation in Switzerland has remained stable at 1.3% in July, the latest data by the Swiss Federal Statistical Office showed. The latest CPI figure came in line with market consensus. In July, prices were lower for: – clothing & footwear (-1.8% YoY versus -2% YoY in June); – household goods & services […] Read more

Euro Area unemployment rate edges up to 6.5% in June

The jobless rate in the Euro Area was reported at 6.5% in June, up from an all-time low of 6.4% in May. In comparison, market consensus had pointed to a rate of 6.4%. In June, the number of unemployed persons increased by 41,000 from the preceding month to 11.122 million, data by Eurostat showed. Euro […] Read more

US private payrolls rise the least since January

Employers in the US private sector have added 122,000 jobs in July, data by Automatic Data Processing showed on Wednesday. This has been the slowest employment growth since January and it fell short of market expectations of 150,000. In July, the service-providing sector added 85,000 job positions, as follows: – trade, transportation and utilities – […] Read more

Bank of Japan lifts policy rate to 0.25%, trims bond buying

The USD/JPY currency pair whipsawed on Wednesday, after the Bank of Japan raised its short-term interest rate to around 0.25% from a previous range of around 0% to 0.1%, which it set at its March meeting. The central bank also said it would reduce the monthly bond purchases to JPY 3 trillion in January-March 2026 […] Read more

Euro Area’s GDP growth tops expectations in Q2

The Euro Area’s economy has expanded 0.3% quarter-on-quarter in Q2 of 2024, a preliminary estimate showed, or at the same pace as in the first quarter. The latest result outpaced market expectations of a 0.2% growth. In Q2, economies grew in: – Spain – by 0.8% QoQ; – Ireland – by 1.2% QoQ; – Lithuania […] Read more

Japan’s June unemployment rate lowest since January

The unemployment rate in Japan was reported at 2.5% in June, down from 2.6% in the prior four months, data by the Ministry of Internal Affairs & Communications showed. It has been the lowest jobless rate since January. The number of unemployed persons went down by 60,000 to 1.76 million in June, while the number […] Read more

Switzerland’s retail sales rise below forecast in May

Retail sales in Switzerland were reported to have risen 0.4% year-on-year in May. That followed a revised down 2.2% surge in April, data by the Swiss Federal Statistical Office showed. The latest figure came in well below market consensus of a 2.5% rise. Sales of food products shrank 1.6% YoY in May, after a 1.2% […] Read more

Singapore producer prices rise the most since November 2022

Producer prices in Singapore went up 4.3% year-on-year in June, the latest data by Statistics Singapore showed. That followed a revised 2.7% increase in May. It has been the sharpest year-on-year increase in domestic supply prices since November 2022. In June, prices rose at a faster rate for: – mineral fuels (11.4% YoY versus 10.1% […] Read more

Norway’s retail sales decrease 5.1% in June

Retail sales in Norway have decreased 5.1% in June over May, the latest data by Statistics Norway showed. The latter followed a revised up 4.7% growth in May. In June, sales were lower for: – food and beverages (-7.6% after a 6.3% surge in May); – other goods (-7.3% after a 7.7% increase in May); […] Read more