USDCHF The US consumer price index (CPI) data for June accelerated at its fastest pace in 13 years or since September 2008. The figure came in at 5.4% against the projected decline to 4.9% after recording 5.0% in May. On a monthly basis, the report was up 0.9%. This increases the pressure for Federal Reserve …
USDBRL Brazil’s interest rate more than doubled this year from 2.0% before the March hike to 4.25% on June 16’s meeting. The decision to increase the benchmark rate by 225-basis points in the last three (3) months was due to inflationary concerns. However, the market is divided on whether the Banco Central do Brasil will …
EURCAD The European Central Bank (ECB) might start to tighten its monetary policy following the recently published economic data. In Germany, the preliminary CPI report for June showed an increase of 2.3% year-on-year (YoY). The headline inflation has been above the 2.0% annual inflation target set by the central bank since April 2021. Meanwhile, the …
EURGBP Economic activity in the United Kingdom has started to slow down based on the recent economic reports. In mid-March, a robust activity was seen after the government started lifting coronavirus restrictions. The March retail sales data was up 5.4% from the prior month followed by a 9.2% jump in April purchases. However, the number …
EURHUF Hungary’s central bank has signaled last week an imminent interest rate hike after urging the government to reduce its deficit. However, Prime Minister Viktor Orban backed down on a 3.0% budget deficit in GDP until next year from the current 7.5%. The country’s top leader said reducing government support to the economy might shock …
USDSGD The economic data from Wednesday’s report, June 08, showed a continued recovery in the world’s largest economy. The increased economic activity in the US was mainly due to the government’s massive vaccination program. As of June 07, around 303 million COVID-19 vaccines were already administered to 52.2% of the US population. On this figure, …
NZDUSD Investors’ optimism for New Zealand’s economy is back following the recent reports and news. ANZ Bank’s Business Confidence Index returned to the positive territory in May following four (4) consecutive months of negative figures. Meanwhile, the Business Outlook Index was up 27.1% for the same month. This was the highest recorded result in almost …
EURSEK The EU’s largest economy fell -1.8% in the first three (3) months of fiscal 2021. This was higher compared to expectations of a -1.7% decline in Q1. The lockdown in the country during the third wave of COVID-19 was the main culprit behind the disappointing data. On an annualized basis, Germany is still -3.4% …
Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.
Disclaimer:
TradeMarketNews.com provides information and news solely for reference purposes. The accuracy, relevance, and completeness of any information and news may vary and cannot always be guaranteed. Readers are responsible for their use of such data (as stated in the ToS) and its appropriateness for the user.
Email: [email protected]
Connect with: trademarketnews
