April 9, 2024 9:16 am
The USD/ZAR currency pair hovered just above a fresh 14-week low on Tuesday as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released […]
Read moreApril 9, 2024 7:47 am
The USD/CAD currency pair traded within a narrow range on Tuesday as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released on Wednesday. […]
Read moreApril 9, 2024 6:55 am
The NZD/CAD currency pair traded in proximity to a fresh three-week high on Tuesday as investors awaited the outcome of the Reserve Bank of New Zealand’s and the Bank of Canada’s policy meetings tomorrow. The Reserve Bank of New Zealand is largely expected to keep its official cash rate unchanged at 5.5% for a sixth […]
Read moreApril 5, 2024 9:11 am
Australia’s trade surplus has shrunk to AUD 7.28 billion in February from a revised down AUD 10.06 billion surplus in January, data by the Australian Bureau of Statistics showed. It has been the nation’s smallest trade surplus since September 2023. In comparison, market consensus had pointed to a surplus of AUD 10.4 billion. Total exports […]
Read moreApril 5, 2024 7:27 am
The Reserve Bank of India left its key repo rate at 6.5% for the seventh straight policy meeting in April, in line with market expectations. The RBI decision came amid persistent price pressures. India’s annual inflation rate was reported at 5.09% in February, little changed from January’s level, while remaining within the central bank’s 2%-6% […]
Read moreApril 4, 2024 9:06 am
Euro Area’s private sector has returned to growth for the first time since May 2023 in March. The HCOB Eurozone Composite Purchasing Managers’ Index was revised up to 50.3 last month from a preliminary reading of 49.9 and improving from February’s level of 49.2. The bloc’s manufacturing sector activity still remained in contraction territory, with […]
Read moreApril 4, 2024 7:14 am
Annual consumer inflation in Switzerland has eased further in March, to 1% from 1.2% in February, data by the Swiss Federal Statistical Office showed. The actual figure confounded market expectations of an increase to 1.3%. March’s CPI inflation rate has been the lowest since September 2021. The prices of food and non-alcoholic beverages dropped 0.4% […]
Read moreApril 3, 2024 12:29 pm
Employers in the US private sector hired 184,000 workers in March, data by Automatic Data Processing showed. It has been the largest increase in hiring since July 2023 and followed a revised up employment growth of 155,000 in February. In comparison, market consensus had pointed to private payrolls growth of 148,000. Employment in US services […]
Read moreApril 3, 2024 9:18 am
Euro Area’s annual consumer inflation slowed to 2.4% in March, while matching November’s 28-month low, from 2.6% in February, the preliminary data by Eurostat showed. Market consensus had pointed to CPI inflation rate of 2.6%. Last month, energy prices registered a 1.8% YoY decline, compared with a 3.7% drop in February. Meanwhile, price increases moderated […]
Read moreApril 2, 2024 9:24 am
Switzerland’s procure.ch and Credit Suisse Manufacturing Purchasing Managers’ Index was reported at a reading of 45.2 in March, up from 44 in the preceding month. In comparison, a consensus of estimates had pointed to a reading of 44.9. March has been the 15th consecutive month of contraction, but the smallest since April 2023. There have […]
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