December 8, 2023 8:26 am
Annual consumer price inflation in Germany was confirmed at 3.2% in November, or the lowest rate since June 2021. It has slowed from 3.8% in October. In monthly terms, German consumer prices decreased 0.4% in November, after registering zero growth in October. Last month, the main downward pressure came from a notable slowdown in food […]
Read moreDecember 6, 2023 10:21 am
Retail sales in the Euro Area rose at a monthly rate of 0.1% in October, while snapping a four-month streak of decreases or stagnant growth. In comparison, market consensus had pointed to a 0.2% growth. Consumer demand still remained weak because of persistently high inflation and higher interest rates. In October, sales of food, drinks […]
Read moreDecember 6, 2023 8:29 am
Having taken a hit after the Reserve Bank of Australia’s latest policy decision on Tuesday, the Australian Dollar recouped part of the losses on Wednesday, with the AUD/JPY pair advancing almost 0.5%. Meanwhile, market players wagered interest rates would be heading lower in 2024. The chances of another RBA rate hike are now seen at […]
Read moreDecember 5, 2023 9:40 am
Private sector activity in the Euro Area registered another notable contraction in November, but still, the pace was slower than initially estimated. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.6 in November, up from a preliminary estimate of 47.1 and improving from October’s near three-year low of 46.5. New business […]
Read moreDecember 5, 2023 8:15 am
The AUD/CAD currency pair extended the losses from the previous trading day on Tuesday, while touching a fresh two-week low, after the Reserve Bank of Australia left its cash rate without change at 4.35% at its December meeting. The decision came in line with investor expectations and followed a 25 basis point rate hike in […]
Read moreDecember 4, 2023 8:42 am
The South African Rand weakened against the US Dollar at the start of a macro data-packed week. The South African currency gained more than 1.2% last Friday, as cautious remarks delivered by Federal Reserve Chair Jerome Powell dented the US Dollar. Powell noted it was clear that the Fed’s monetary policy was slowing the economy […]
Read moreNovember 30, 2023 1:42 pm
Canada’s economy shrank 0.3% in the third quarter of the year compared to the preceding three-month period, while marking the first contraction since Q2 of 2021. That followed a revised up 0.3% QoQ expansion in the second quarter. The nation’s GDP was weighed down by a 1.3% slump in the exports of goods and services, […]
Read moreNovember 30, 2023 10:11 am
The annual inflation rate in the Euro Area has decelerated further in November, to 2.4%, while marking its lowest level since July 2021. Market consensus had pointed to a more modest slowdown – to 2.7%. In November, the cost of energy plummeted 11.5% year-on-year, following another 11.2% drop in October. Prices also eased for services […]
Read moreNovember 30, 2023 8:59 am
The South Korean Won eased against the US Dollar on Thursday, as the Bank of Korea (BOK) left its base rate without change at 3.5% at its November policy meeting, in line with market expectations. This way, borrowing costs were kept on hold for the seventh consecutive meeting amid global uncertainties as well as concerns […]
Read moreNovember 29, 2023 8:48 am
The NZD/JPY currency pair briefly touched a fresh 103-month high on Wednesday, after the Reserve Bank of New Zealand warned that further policy tightening might be required in case price pressures did not abate. The central bank left its official cash rate without change at 5.5% at its November meeting, in line with market expectations. […]
Read more