March 11, 2024 9:59 am
Consumer morale in Switzerland weakened in February, with the gauge of confidence coming in at a reading of -42.3, down from -41.1 in January. The latest figure was considerably below the long-term average level, the State Secretariat for Economic Affairs said. The figure reflected heightened concerns over consumers’ personal financial situation and the Swiss economy’s […]
Read moreMarch 7, 2024 11:18 am
The EUR/NOK currency pair was a notch weaker on Thursday following Norway’s manufacturing data and ahead of the outcome of the ECB’s March policy meeting. Norwegian manufacturing production stalled in January compared to a month earlier, data by Statistics Norway showed. That followed a 0.3% increase in December. In annual terms, the nation’s manufacturing output […]
Read moreMarch 7, 2024 9:05 am
The EUR/AUD currency pair extended a pullback from recent 15-week high on Thursday following Australia’s trade figures for January and ahead of the outcome of the ECB’s March policy meeting. Australia’s trade surplus was reported to have widened to AUD 11.027 billion in January from a revised down AUD 10.74 billion in December. Exports rose […]
Read moreMarch 7, 2024 7:28 am
The EUR/CAD currency pair traded within a tight range on Thursday, as market players awaited the outcome of the ECB’s March policy meeting. 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 – at an all-time high of […]
Read moreMarch 6, 2024 8:24 am
The AUD/CAD currency pair firmed to a one-week high on Wednesday, after data revealed below-forecast GDP growth in Australia and ahead of the outcome of the Bank of Canada’s March policy meeting. Australia’s economy grew 0.2% quarter-on-quarter in Q4, following a revised up 0.3% growth in Q3 and below market consensus of 0.3%. It has […]
Read moreMarch 1, 2024 10:25 am
Euro Area’s annual consumer inflation rate slowed to 2.6% in February from 2.8% in January, the preliminary data by Eurostat showed. Market consensus had pointed to a larger drop to 2.5%. February’s rate has been the lowest in three months, but it still remained above the European Central Bank’s inflation objective of 2%. Last month, […]
Read moreFebruary 29, 2024 1:55 pm
Canada’s economy expanded 0.2% quarter-on-quarter in Q4, the latest data by Statistics Canada showed, following a revised up 0.1% contraction in Q3. Last quarter, Canada’s exports of goods and services surged 1.4%, mostly supported by a 6.2% increase in shipments of crude oil and crude bitumen. Total imports of goods and services went down 0.4% […]
Read moreFebruary 29, 2024 8:32 am
Switzerland’s economy grew 0.3% quarter-on-quarter in Q4 of 2023, the latest data by the State Secretariat for Economic Affairs showed. The latter matched the rate of growth in the previous quarter and exceeded a consensus of analyst estimates of a 0.1% expansion. The country’s manufacturing sector registered a 0.1% contraction in Q4, as exports in […]
Read moreFebruary 28, 2024 10:47 am
Euro Area’s economic sentiment surprisingly deteriorated in February, the latest data by the European Commission showed. The economic sentiment indicator came in at a reading of 95.4 in February, down from 96.1 in the prior month and below market expectations of 96.7. Sentiment was still subdued, as corporate entities and consumers looked to weather persistently […]
Read moreFebruary 28, 2024 8:24 am
The GBP/NZD currency pair rose sharply on Wednesday, after the Reserve Bank of New Zealand delivered a less hawkish message than some had expected at its February policy meeting. The central bank kept its official cash rate unchanged at 5.5%, in line with market consensus, while extending the rate pause for a fifth consecutive meeting. […]
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