October 9, 2023 7:43 am
The USD/JPY currency pair remained mostly steady on Monday, as both the US Dollar and the Japanese Yen – traditional safe haven assets – drew support from souring risk sentiment stemming from geopolitical tensions in the Middle East. Market sentiment dampened after the Palestinian group Hamas over the weekend launched the bloodiest attack on Israeli […]
Read moreOctober 5, 2023 7:13 am
Germany’s trade surplus has widened to EUR 16.6 billion in August from EUR 15.9 billion in July, according to the latest data by the Federal Statistical Office. Analysts on average had expected a trade surplus of EUR 15 billion. Total exports shrank 1.2% month-over-month in August, or much faster than expected, to EUR 127.9 billion […]
Read moreOctober 4, 2023 9:00 am
Private sector activity in the Euro Area registered another moderate contraction at the end of the third quarter, data by Markit Economics showed on Wednesday. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.2 in September, up from a preliminary estimate of 47.1 and improving from August’s 3-year low of 46.7. […]
Read moreOctober 4, 2023 7:27 am
The Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) without change at 5.5% at its October policy meeting, in line with market expectations. This way, the central bank extended the rate pause for a third consecutive meeting. Policy makers continued to uphold the view that monetary conditions were restraining spending and […]
Read moreOctober 3, 2023 9:00 am
Turkey’s annual inflation rate has accelerated for a third successive month in September, to 61.5%, data by the Turkish Statistical Institute showed on Tuesday. It has been the highest inflation rate since December 2022, mostly driven by increases in tax rates and the Lira devaluation. The Turkish currency plummeted to a fresh all-time low of […]
Read moreOctober 3, 2023 7:17 am
The Reserve Bank of Australia left its cash rate without change at 4.1% at the first policy meeting under new Governor, Michele Bullock. The central bank extended the rate pause for the fourth consecutive month in a move that came in line with market consensus. The RBA Board again said inflation had already peaked, but […]
Read moreOctober 2, 2023 8:40 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was confirmed at a reading of 43.4 in September, data by Markit Economics showed on Monday, slightly lower than August’s level of 43.5. The figure pointed to a 15th straight month of contraction in the region’s manufacturing sector. New order inflows decreased at one of the sharpest rates […]
Read moreOctober 2, 2023 7:39 am
South Korea has recorded a trade surplus of $3.7 billion in September, compared with a deficit of $3.83 billion in the same month of 2022. The preliminary figure also compares with a consensus of estimates of a $1.75 billion surplus. September has been the fourth consecutive month of trade surplus, with imports shrinking at a […]
Read moreSeptember 29, 2023 9:34 am
The annual inflation rate in the Euro Area has decelerated to 4.3% in September, preliminary data by Eurostat showed on Friday, from 5.2% in August. It has been the lowest inflation rate since October 2021 and it also came below the market consensus of 4.5%. Prices rose at a slower rate for services (4.7%), non-energy […]
Read moreSeptember 29, 2023 7:40 am
The British Pound extended a pullback from a 6 1/2-month trough against the Canadian Dollar on Friday, after data showed United Kingdom’s second-quarter GDP growth was confirmed. The UK economy grew at a final quarterly rate of 0.2% in Q2, after a revised up 0.3% expansion in the first quarter. Household consumption grew 0.5% quarter-on-quarter, […]
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