April 17, 2024 7:40 am
The EUR/GBP currency pair slipped to a fresh 1-month low on Wednesday, after data showed UK consumer price inflation had eased to its lowest level since September 2021 in March, adding to prospects of an interest rate cut by the Bank of England. Annual CPI inflation slowed to 3.2% in March from 3.4% in February, […]
Read moreApril 16, 2024 11:15 am
The NZD/CAD currency pair hovered just above a fresh two-week low on Tuesday ahead of Canadian and New Zealand CPI inflation figures that may provide more clues on central banks’ future interest rate paths. Canada’s March report on CPI inflation is due out at 12:30 GMT. In February, the annual inflation in the country decelerated […]
Read moreApril 16, 2024 9:57 am
The GBP/NZD currency pair held not far from a fresh three-week high on Tuesday, as the kiwi dollar now faces New Zealand’s CPI inflation test. In the UK, data showed core wage growth had been the slowest since the three months to September 2022, but still strong by historical standards. Average weekly earnings, excluding bonuses, […]
Read moreApril 16, 2024 8:32 am
The GBP/CAD currency pair steadied after earlier touching an intraday low of 1.7134 on Tuesday, as data showed UK core wage growth had been the slowest since the three months to September 2022, but still strong by historical standards. The data prompted investors to pare their bets on Bank of England rate cuts this year. […]
Read moreApril 15, 2024 10:49 am
Industrial production in the Euro Area was reported to have rebounded 0.8% in February compared to January, in line with market consensus. That followed a revised up 3% drop in January. In February, output increased for capital goods, by 1.2%, durable consumer goods, by 1.4%, and for intermediate goods, by 0.5%. On the other hand, […]
Read moreApril 14, 2024 3:33 pm
Sweden’s annual consumer inflation has eased to 4.1% in March from 4.5% in February, the latest data by Statistics Sweden showed, which added to prospects of an earlier interest rate cut by Riksbank. It has been the lowest inflation rate since January 2022, as prices dropped for the first time for food & non-alcoholic beverages, […]
Read moreApril 10, 2024 2:00 pm
The Bank of Canada left its target for the overnight rate intact at 5% at its April meeting, in line with market expectations. The central bank pledged to keep reducing its balance sheet, as policy makers again underscored upside risks to inflation. The BoC said that while price pressures had eased across a range of […]
Read moreApril 10, 2024 10:03 am
The EUR/CAD currency pair traded with slight change on Wednesday amid caution ahead of the outcome of the Bank of Canada’s and the European Central Bank’s April policy meetings. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit facility rate […]
Read moreApril 10, 2024 8:09 am
The EUR/USD currency pair remained stuck in a tight trading range on Wednesday as market players awaited the outcome of the ECB’s April policy meeting and fresh US CPI data prints. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit […]
Read moreApril 10, 2024 7:20 am
The NZD/USD currency pair held in proximity to a fresh three-week high on Wednesday, after the Reserve Bank of New Zealand left borrowing costs without change at its April policy meeting, while investors awaited the key US CPI inflation report later in the day. New Zealand’s central bank kept its official cash rate unchanged at […]
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