December 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 […]
Read moreDecember 14, 2024 2:35 pm
Annual consumer price inflation in France has been confirmed at 1.3% in November, up from 1.2% in October, data by INSEE showed. It has been the highest annual rate since August. The acceleration was mostly driven by a slower drop in energy prices, by 0.7% year-on-year compared to a 2.0% YoY decline in October. Food […]
Read moreDecember 13, 2024 3:52 pm
The rate of unemployment in Sweden was reported at 7.4% in November, up from 7.1% in the same month of the preceding year. The number of unemployed persons went up by 18,000 to 418,000, data by Statistics Sweden showed. In the meantime, the number of employed individuals dropped by 58,000 to 5.202 million in November. […]
Read moreDecember 12, 2024 8:52 am
The EUR/CHF currency pair registered a fresh 2 1/2-week high on Thursday, after the Swiss National Bank delivered a larger rate cut than expected in December and ahead of the outcome of the European Central Bank’s policy meeting later in the day. The SNB slashed its key policy rate by 50 basis points to 0.5%, […]
Read moreDecember 11, 2024 11:49 am
The USD/MYR currency pair traded slightly higher on Wednesday after Malaysian retail sales report and as focus sets on US CPI inflation print that could provide more clues over the Federal Reserve’s monetary easing path. Annual headline consumer inflation in the US probably picked up to 2.7% in November, according to market consensus, from 2.6% […]
Read moreDecember 11, 2024 9:29 am
The CAD/CHF currency pair edged higher on Wednesday, while moving within a narrow range, as market players were cautious ahead of the outcome of the Bank of Canada’s and the Swiss National Bank’s policy meetings. The Bank of Canada is expected to lower its benchmark interest rate by 50 basis points to 3.25% at its […]
Read moreDecember 11, 2024 8:07 am
The USD/CHF currency pair extended the gain from the prior trading day on Wednesday ahead of the essential US CPI inflation data that could provide further clues over the Federal Reserve’s monetary easing path and ahead of the outcome of the Swiss National Bank’s policy meeting. Annual headline consumer inflation in the US probably picked […]
Read moreDecember 10, 2024 11:39 am
The EUR/SEK currency pair edged higher on Tuesday, while reversing a loss from the prior trading day, following Swedish GDP data and as focus sets on the outcome of the European Central Bank’s policy meeting on Thursday. The ECB is largely expected to lower its main refinancing operations rate by 25 basis points to 3.15% […]
Read moreDecember 10, 2024 9:41 am
The EUR/NOK currency pair pulled back from a one-month high of 11.7956 on Tuesday, as investors weighed the latest inflation figures from Germany and Norway and as the European Central Bank is expected to set monetary policy later this week. Final data showed on Tuesday that annual consumer price inflation in Germany had been confirmed […]
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