October 19, 2023 7:13 am
The Australian Dollar retreated to a fresh one-month low against the Euro on Thursday, after Australia’s employment reportedly increased at a much slower pace than expected in September. Employment levels rose by 6,700 to 14.11 million last month, data showed, while falling well short of market expectations of a 20,000 gain. Part-time employment rose by […]
Read moreOctober 18, 2023 8:42 am
The South African Rand traded near a fresh one-month high against the US Dollar on Wednesday, after data showed South Africa’s annual inflation rate had accelerated for a second straight month in September. South African CPI inflation stood at 5.4% in September, up from 4.8% in August, while exceeding market expectations of 5.3%. Still, annual […]
Read moreOctober 18, 2023 7:08 am
The GBP/JPY currency pair registered small gains, but continued holding just below the 183 mark for a fourth straight trading day on Wednesday, after data showed UK’s annual CPI inflation had remained steady at 6.7% in September. The actual figure confounded market expectations pointing to a slowdown to 6.6%. Consumer inflation still remained well above […]
Read moreOctober 17, 2023 7:36 am
The GBP/AUD currency pair edged lower on Tuesday, after data showed UK wage growth had decelerated in the three months to August, while taking some pressure off the Bank of England to further tighten monetary policy in November. Average weekly earnings, including bonuses, rose 8.1% year-on-year to GBP 661 per week in the three months […]
Read moreOctober 16, 2023 9:23 am
The Euro Area registered a trade surplus of EUR 6.7 billion in August, swinging from a EUR 54.4 billion deficit in the same month of 2022, data by Eurostat showed on Monday. Total exports decreased at an annual rate of 3.9% to EUR 221.6 billion, while total imports plummeted 24.6% to EUR 214.9 billion. During […]
Read moreOctober 16, 2023 8:00 am
The GBP/USD currency pair was a notch firmer at the start of the week, but still hovered above Friday’s one-week low, as risk sentiment remained frail amid escalating tensions in the Middle East. Israeli forces are preparing a ground offensive into the Gaza Strip, aiming to root out the Palestinian group Hamas, while targeting “every […]
Read moreOctober 13, 2023 7:27 am
The USD/SGD currency pair held steady near one-week peak on Friday, as the greenback drew support from prospects the Federal Reserve would need to maintain interest rates elevated for longer after a stronger-than-anticipated US CPI print. The headline annual CPI inflation remained steady at 3.7% in September, in contrast with market expectations of a slowdown […]
Read moreOctober 12, 2023 7:27 am
The GBP/JPY currency pair moved within a narrow range on Thursday, while holding near a 1-month peak, after data showed the UK economy had returned to growth in August. The UK GDP grew by 0.2% month-over-month in August, in line with market consensus, following a revised down 0.6% contraction in July. August has been the […]
Read moreOctober 11, 2023 8:01 am
Germany’s annual consumer price inflation was confirmed at 4.5% in September, data showed on Wednesday, decelerating sharply from 6.1% in August. It has been the lowest inflation rate since February 2022. Annual core CPI inflation, which does not take into account volatile items such as food and energy, decelerated to a 1-year low of 4.6% […]
Read moreOctober 10, 2023 7:17 am
The USD/ZAR currency pair remained stuck within a narrow range on Tuesday prior to the release of the results of a national census – the fourth in post-apartheid South Africa. Yesterday the Rand, along with other risk-sensitive currencies, retreated after the clash between the Palestinian group Hamas and Israeli forces rattled global markets, triggering a […]
Read more