November 28, 2023 8:53 am
The AUD/NZD currency pair extended a rebound from recent one-week trough on Tuesday ahead of a policy decision by the Reserve Bank of New Zealand. The RBNZ is largely expected to keep interest rates on hold at 5.5% at its policy meeting tomorrow in light of softer inflation and employment. Still, investor focus will likely […]
Read moreNovember 27, 2023 10:10 am
The South African Rand was a notch firmer against the US Dollar at the start of a data-laden week, as investor focus sets on future policy rates. The week “starts slow but ends with some top-tier events,” Rand Merchant Bank analysts wrote in a note. Among macro data releases, the most anticipated will be inflation […]
Read moreNovember 27, 2023 8:47 am
The GBP/USD currency pair scaled a fresh 12-week peak on Monday, as market players awaited a host of macro data in the week ahead, including the Federal Reserve’s preferred measure of inflation, for further clues on future interest rate trajectory. The Sterling extended last week’s 1.1% gain against the greenback after data showed British businesses […]
Read moreNovember 24, 2023 1:51 pm
Retail sales in Canada rose 0.6% from the prior month in September, as the figure has been revised sharply higher from the preliminary estimate of a stall, Statistics Canada said on Friday. That also compares with a 0.1% drop in August and with a consensus of estimates pointing to zero growth. In September, retail turnover […]
Read moreNovember 24, 2023 9:56 am
Germany’s economy shrank marginally by 0.1% in the third quarter of the year compared to Q2, the Federal Statistical Office said on Friday. The figure confirmed a preliminary GDP estimate released in late October. It also reversed a 0.1% growth registered in Q2. Private consumer spending dropped 0.3% quarter-on-quarter in Q3, following a 0.2% growth […]
Read moreNovember 22, 2023 11:08 am
Singapore’s economy has expanded at a final annual rate of 1.1% in the third quarter of 2023, Statistics Singapore reported. The figure represents an upward revision from a preliminary GDP growth estimate of 0.7%. It also marked the 11th consecutive quarter of GDP expansion and the sharpest growth rate since the final quarter of 2022. […]
Read moreNovember 22, 2023 9:22 am
AUD/USD pulled back from a fresh 3 1/2-month high on Wednesday, with the greenback’s sell-off easing, after the minutes of the Federal Reserve’s most recent meeting did little to sway investors’ opinion that its policy tightening cycle has likely ended. The minutes showed the Fed would proceed “carefully” and that “all participants judged it appropriate […]
Read moreNovember 21, 2023 9:12 am
The AUD/CAD currency pair scaled a fresh 4-month peak on Tuesday, after the minutes from the Reserve Bank of Australia’s November meeting showed policy makers considered it crucial to prevent inflation expectations from rising significantly. That’s why the RBA had to raise its cash rate by 25 basis points to 4.35% earlier in November. Policy […]
Read moreNovember 20, 2023 9:33 am
The South African Rand gave up earlier gains against a weaker US Dollar on Monday amid investor optimism that US interest rates may have reached a peak. The Rand was last 0.33% weaker against the greenback, with traders expecting South African CPI inflation report on Wednesday and a policy decision by the South African Reserve […]
Read moreNovember 17, 2023 8:58 am
The GBP/SGD currency pair extended a pullback from recent 2-month high on Friday, after data showed UK retail sales had unexpectedly shrunk in October. Retail sales in the country decreased 0.3% month-over-month, compared with market expectations of a 0.3% growth, following a revised up 1.1% drop in September. Sales at food stores edged down 0.3% […]
Read more