January 25, 2024 8:17 am
The EUR/CAD pair traded in proximity to a one-week high on Thursday, as focus sets on the outcome of the European Central Bank’s policy meeting later today. The ECB is largely expected to maintain interest rates steady at multi-year highs, but still, market players will be watching closely ECB President Christine Lagarde’s press conference for […]
Read moreJanuary 24, 2024 8:13 am
The South African Rand gained against the US Dollar, while pulling back from a three-month low, ahead of South African CPI inflation report and South African Reserve Bank’s (SARB) policy decision on Wednesday and Thursday respectively. The SARB is largely expected to leave its benchmark interest rate without change at 8.25% at its January meeting. […]
Read moreJanuary 23, 2024 10:12 am
Annual consumer inflation in Singapore surprisingly rose to 3.7% in December from a 25-month low of 3.6% in November, Statistics Singapore reported on Tuesday. In comparison, market consensus had pointed to a slowdown to 3.5%. Last month, inflation picked up for transport (3.9% YoY versus 2.8% YoY in November), and for recreation & culture (6.3% […]
Read moreJanuary 23, 2024 8:12 am
The Japanese Yen retreated to levels close to a more than 8-year low against the Sterling on Tuesday, after the Bank of Japan maintained its ultra-accommodative monetary policy at its January meeting. Later, the Yen pared initial losses. The BoJ left its benchmark short-term interest rate without change at -0.10% and also kept a 0% […]
Read moreJanuary 17, 2024 10:09 am
The annual inflation rate in the Euro Area was confirmed at 2.9% in December, final data by Eurostat showed on Wednesday. The latter was an uptick from a more than two-year low of 2.4% in November. It has also been the first acceleration in inflation since April 2023, mostly due to energy-related base effects. In […]
Read moreJanuary 17, 2024 8:30 am
Singapore’s non-oil domestic exports were reported to have shrunk 1.5% year-on-year in December, while confounding market consensus of a 3.3% growth. That followed a 1% YoY surge in November. Exports of electronic products decreased for the 17th consecutive month in December, by 11.7% year-on-year, driven by declines in PCs (-34.3% YoY), ICs and diodes (-7.9% […]
Read moreJanuary 16, 2024 8:14 am
The GBP/JPY currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated further in the three months to November, which reinforced investor expectations of sharp interest rate cuts by the Bank of England this year. Average weekly earnings, including bonuses, rose 6.5% year-on-year to GBP 666 per week in the three […]
Read moreJanuary 15, 2024 10:52 am
The Euro Area posted a trade surplus of EUR 20.3 billion in November, or well above market consensus of EUR 11.2 billion. The figure also compares with a EUR 13.8 billion trade deficit in November 2022. Total imports shrank 16.7% year-on-year to EUR 232.2 billion in November, data by Eurostat showed. Total exports dropped 4.7% […]
Read moreJanuary 15, 2024 9:19 am
Germany’s economy shrank 0.3% in 2023, the Federal Statistical Office said on Monday, following a revised down 1.8% expansion in the previous year. The latest figure came in line with market consensus. Persistently high inflation coupled with rising interest rates throughout the year weighed on economic activity and demand – both domestically and abroad. Output […]
Read moreJanuary 11, 2024 9:42 am
The South African Rand gained against the US Dollar on Thursday ahead of local manufacturing data and a highly anticipated US CPI inflation report that could affect Federal Reserve’s rate outlook. Annual core consumer price inflation is expected to have slowed further in December, to 3.8%, according to market consensus, from 4% in November. A […]
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