February 2, 2024 11:20 am
The USD/SEK currency pair held mostly steady on Friday, trading within a narrow range, ahead of key US employment data later in the day, which will be closely watched for clues regarding the Fed’s rate outlook. The exotic currency pair was poised to register a 0.69% weekly loss following central bank policy decisions. Market focus […]
Read moreFebruary 2, 2024 9:56 am
The USD/ZAR currency pair rebounded from a fresh 1-month low on Friday ahead of key US employment data later in the day, which will be closely watched for clues regarding the Fed’s rate outlook. Still, the currency pair was on track to register a second consecutive week of losses, being down 0.65%. “It has been […]
Read moreFebruary 2, 2024 7:49 am
The GBP/CAD currency pair rebounded from Thursday’s 4-week trough, after the Bank of England kept borrowing costs on hold and said it wanted more proof inflation would go back to target before cutting rates. The Bank of England left its benchmark interest rate without change at a 16-year high of 5.25% for the fourth consecutive […]
Read moreFebruary 1, 2024 12:02 pm
The EUR/JPY currency pair hovered just above a fresh 3-week low on Thursday, as core inflation in the Eurozone decelerated to a 22-month low in January, while the Japanese Yen received a boost from lower US Treasury yields. Preliminary data showed on Thursday that Euro Area’s annual inflation had slowed to 2.8% in January from […]
Read moreFebruary 1, 2024 10:02 am
The EUR/USD currency pair hovered just above a fresh 7-week trough on Thursday, after Federal Reserve Chair Jerome Powell pushed back on the idea that an interest rate cut could come as early as March, which kept the dollar supported. The Federal Reserve left its federal funds rate target range without change at a 23-year […]
Read moreFebruary 1, 2024 8:12 am
Having advanced to an intraday high of 1,329.92 per dollar on the back of upbeat domestic macro data, the South Korean Won gave back those gains later during the Asian session. The US Dollar remained supported after Federal Reserve Chair Jerome Powell pushed back on the idea an interest rate cut could come as early […]
Read moreJanuary 31, 2024 8:23 am
Australia’s annual inflation rate was reported at 4.1% in the final quarter of 2023, while slowing from 5.4% in Q3. It has been the lowest inflation reading since the fourth quarter of 2021. In comparison, market consensus had pointed to a lesser drop – to 4.3%. Australia’s goods inflation decelerated for the fifth successive quarter, […]
Read moreJanuary 30, 2024 10:16 am
The Euro Area’s economy unexpectedly registered zero growth in the final quarter of 2023, a preliminary estimate showed, following a 0.1% contraction in the third quarter. In comparison, market consensus had pointed to a 0.1% GDP decrease. The bloc has avoided a recession, as Spain and Italy reported stronger-than-expected quarterly GDP growth – 0.6% and […]
Read moreJanuary 30, 2024 9:15 am
Germany’s economy shrank 0.3% QoQ in the fourth quarter of 2023, preliminary data by the Federal Statistical Office showed on Tuesday. It followed two consecutive quarters of stagnation. The latest figure came in line with market consensus. The EU’s largest economy grappled with the impact of surging prices and elevated interest rates, which particularly affected […]
Read moreJanuary 25, 2024 1:47 pm
The US economy grew at an annualized rate of 3.3% during the fourth quarter of 2023, while outstripping market consensus of a 2% growth, preliminary data showed. Consumer spending growth slowed (2.8% YoY versus 3.1% YoY in the third quarter), while consumption of services accelerated (2.4% YoY versus 2.2% YoY in Q3). Government spending also […]
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