December 29, 2023 7:56 am
Annual consumer price inflation in South Korea has decelerated to 3.2% in December from 3.3% in November, data by Statistics Korea showed. It has been the lowest CPI inflation reading since June, mostly due to a slowdown in the cost of food. In comparison, market consensus had pointed to a slowdown to 3.26%. In month-over-month […]
Read moreDecember 28, 2023 8:24 am
Industrial production in Japan contracted at a monthly rate of 0.9% in November, reversing from a final 1.3% growth in October, preliminary data by the Ministry of Economy Trade & Industry showed. In comparison, market consensus had pointed to a steeper drop, by 1.6%. It has been the first output drop since August, mostly driven […]
Read moreDecember 22, 2023 8:08 am
The GBP/JPY currency pair was mostly firmer on Friday and on course for its first gain in four weeks, after the latest UK data revealed the strongest monthly growth in retail trade since January. Retail sales in the UK rose 1.3% month-over-month in November after zero growth in October and well above market consensus of […]
Read moreDecember 19, 2023 10:13 am
The annual inflation rate in the Euro Area was confirmed at 2.4% in November, final data showed, or the lowest level since July 2021. Prices increased at a slower rate for services (+4% YoY versus +4.6% YoY in October), non-energy industrial goods (2.9% YoY versus 3.5% YoY in October) and for food, alcohol and tobacco […]
Read moreDecember 19, 2023 8:55 am
Having pulled back from a 25-week high, the AUD/CAD currency pair firmed on Tuesday, as risk sentiment remained buoyant on prospects the Federal Reserve could begin a rate-cutting cycle next year. Meanwhile, the minutes of the Reserve Bank of Australia’s December 5th policy meeting showed board members had considered raising interest rates for a second […]
Read moreDecember 14, 2023 8:21 am
The Australian Dollar advanced to a fresh 25-week high against the British Pound on Thursday, after data showed Australia’s employment had risen at the sharpest rate since August in November. Employment levels rose by 61,500 to 14.26 million last month, far exceeding market consensus of an 11,000 gain. Part-time employment rose by 4,500 to 4.35 […]
Read moreDecember 13, 2023 10:14 am
Industrial production in the Euro Area was reported to have contracted 0.7% in October compared to September, or at a much sharper rate than expected. That followed a revised up 1% drop in September. In October, output contracted for capital goods, by 1.4%, followed by 0.6% decreases in both intermediate and non-durable consumer goods output. […]
Read moreDecember 13, 2023 8:16 am
The GBP/CAD currency pair weakened on Wednesday, while holding not far from recent three-week low, after data showed the UK economy had contracted 0.3% in October from September, confounding market expectations of zero growth. The GDP contraction was mostly driven by the services sector, which shrank 0.2% month-over-month. Within services, the largest drop was observed […]
Read moreDecember 12, 2023 8:34 am
Having rebounded from a two-month low, the GBP/JPY currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated further in the three months to October, while adding to the case of a rate pause by the Bank of England at its upcoming policy meeting. Average weekly earnings, including bonuses, rose 7.2% […]
Read moreDecember 11, 2023 8:26 am
The South African Rand was a notch weaker against the US Dollar on Monday, with the emerging market currency set to extend a 1.76% loss from last week ahead of key macro data. Market focus now sets on the US CPI inflation figures, due out on Tuesday, which may provide more clues over potential interest […]
Read more