December 10, 2024 7:48 am
The EUR/CAD currency pair scaled a fresh one-month high of 1.4973 on Tuesday, after German inflation data and ahead of the outcome of the Bank of Canada’s and the European Central Bank’s policy meetings this week. Final data showed on Tuesday that annual consumer price inflation in Germany had been confirmed at a four-month high […]
Read moreDecember 9, 2024 8:07 am
The rate of unemployment in Malaysia has decreased to 3.2% in October from 3.4% in the same month a year earlier, the latest data by the Department of Statistics showed. It still remained the lowest jobless rate since January 2020, while matching the rates in August and September. The number of unemployed persons dropped 3.4% […]
Read moreDecember 7, 2024 9:57 am
Manufacturing production in Norway was reported to have decreased at a monthly rate of 1.6% in October, following a 0.8% drop in September, data by Statistics Norway showed. October has been the third straight month of contracting manufacturing activity, while the pace has been the steepest since April. In October, production dropped for: – paper […]
Read moreDecember 6, 2024 7:59 am
The Reserve Bank of India left its key repo rate unchanged at 6.5% for an 11th straight policy meeting in December, in line with market expectations, as it continued a neutral policy stance in light of slowing economic growth. Also, the central bank reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4% […]
Read moreDecember 5, 2024 9:38 am
Switzerland’s jobless rate has risen to 2.6% in November from 2.5% in the prior two months, data by the State Secretariat for Economic Affairs showed. The number of unemployed individuals rose by 4,667 to a 34-month high of 121,114 in November. Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, remained steady […]
Read moreDecember 4, 2024 10:54 am
The USD/SEK currency pair extended recent gains on Wednesday, after data showed Sweden’s services sector growth had slowed and as market players awaited a speech by Fed Chair Jerome Powell later in the day to evaluate the central bank’s future policy trajectory. Another highlight this week will be the key US Non-Farm Payrolls report that […]
Read moreDecember 4, 2024 8:59 am
The USD/SGD currency pair edged higher on Wednesday, as market players were expecting a speech by Fed Chair Jerome Powell later in the day, which may provide more clues in regard to the central bank’s policy path next year. Another highlight this week will be the key US Non-Farm Payrolls report that may offer more […]
Read moreDecember 3, 2024 11:58 am
South Africa’s economy has shrunk 0.3% quarter-on-quarter in Q3 of 2024, as four out of ten industries registered contraction, data by Statistics South Africa showed. That followed a revised down 0.3% growth in the second quarter. Agriculture was the sector with the steepest contraction in Q3, 28.8%, as it trimmed overall growth by 0.7 percentage […]
Read moreDecember 3, 2024 9:48 am
Annual consumer price inflation in Switzerland has picked up to 0.7% in November from 0.6% in October, the latest data by the Swiss Federal Statistical Office showed. In comparison, market consensus had pointed to a sharper acceleration, to 0.8%. In November, inflation picked up for: – alcoholic beverages and tobacco (0.8% YoY from 0.5% YoY […]
Read moreNovember 30, 2024 4:54 pm
India’s foreign exchange reserves have eased for an eighth consecutive week from the record high of $704.9 billion registered in the last week of September. Foreign exchange reserves held by the Reserve Bank of India decreased to $657 billion as of November 22nd, the latest data showed. The result was largely attributed to an outflow […]
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