The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dipped to -0.40% in October from -0.38% in September. Says WPAC: Economy set to remain stuck in ‘low growth rut’ well into next year. Range of
AUD/USD ANALYSIS & TALKING POINTS Australian wage growth the highest since 2009. Focus now shifts to US PPI and retail sales data. AUD/USD bulls look to break 0.65 handle. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into key market catalysts
© Reuters. Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against
POUND STERLING ANALYSIS & TALKING POINTS Don’t be fooled by UK GDP beat! Low growth environment weighs negatively on pound. GBP/USD bears eye bear flag breakout. Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key market catalysts that should be
© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade near record lows against the dollar over the coming months, according to a Reuters poll of FX strategists who also said
Share: In its latest report published on Tuesday, the International Monetary Fund (IMF) upgraded its gross domestic product (GDP) growth forecasts for China to 5.4% in 2023 and 4.6% in 2024. This came in contrast with October’s outlook when the IMF revised down 2023 and 2024 China’s growth forecasts for China to 5.0%
Share: In the third quarter, the Eurozone economy contracted by 0.1% compared to the second quarter. Economists at Rabobank expect that the Eurozone will enter a mild recession, followed by a period of sluggish growth. The start of a recession? The Eurozone economy contracted by 0.1% in the second quarter, with a wide
© Reuters. The currency pair experienced a rebound this week, testing resistance levels amidst a backdrop of favorable US consumer sentiment and personal spending data. The pair hit a new low at 149.47 before recovering to 149.77, marking a positive start to the week. The pair is currently testing resistance levels, with the previous high
© Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar was modestly higher against a basket of currencies on Thursday after data showed the U.S. economy grew at its fastest pace
The Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%. In their own words The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.3 percent on October 27. The initial estimate of third-quarter real GDP growth released by the US Bureau of
