[ad_1] Share: AUD/USD recovers from 0.6318 to trade around 0.6330s, up 0.22%. US core PCE at 3.7% YoY, below August’s data, with general inflation at 3.4%, in line with forecasts. Australian inflation above 5%, increasing the likelihood of another RBA rate hike in the near term. AUD/USD bounces off daily lows reached at
[ad_1] © Reuters Investing.com– Most Asian currencies moved little on Friday as markets hunkered down before a series of major central bank meetings next week, while the Japanese yen strengthened slightly on strong inflation data, but remained close to a one-year low. The and both moved little in Asian trade, but retained most gains made
[ad_1] The Bank of Canada left its overnight rate unchanged at 5%, although other events overtook the news on it: Via, RBC, their ‘Bottom Line” response, in brief: CPI readings still running well above the 2% target, the BoC is firmly focused on getting inflation under control. Slower than expected progress is a concern. But
[ad_1] Share: The Bank of Canada (BoC) announced on Wednesday that it left the benchmark interest rate unchanged at 5% following the October policy meeting. This decision came in line with the market expectation. BoC Governor Tiff Macklem will explain the policy decisions and comment on the policy outlook in a press conference
[ad_1] Investing.com– Most Asian currencies fell slightly on Wednesday as strong overnight data boosted the dollar, while the Australian dollar rose sharply as a strong inflation reading fueled expectations for an interest rate hike in November. The jumped 0.5% as data showed inflation grew slightly more than expected in the third quarter. The reading came
[ad_1] UK Jobs Data Recovers Slightly UK unemployment data continued the decline, revealing an additional 20.4k persons claiming unemployment benefits in contrast to consensus expectations of 2.3k. The unemployment rate for August measured 4.2%, a slight drop from estimates and the prior print of 4.3%. Customize and filter live economic data via our DailyFX economic
[ad_1] Share: Focus back on the Euro. Economists at Commerzbank analyze the single currency outlook. Euro might suffer a dampener if Eurozone PMIs do not stabilise The Eurozone PMIs, due for publication today, are likely to further dampen any hopes of an economic recovery. The indicators are likely to confirm the projections of
[ad_1] National Australia Bank is forecasting a November Reserve Bank of Australia interest rate hike of 25bp, which will take the cash rate to 4.35%. NAB on the Q3 CPI data that’s due on Wednesday, 25 October 2023 at 11.30 am Sydney time, whoch is 0030 GMT and 2030 US Eastern time in summary: services
[ad_1] Share: Canadian Dollar catching some lift as the broad-market US Dollar Index recedes. The Bank of Canada lands with its next rate call on Wednesday. Market sentiment is improving on Monday, sending the Greenback lower. The Canadian Dollar (CAD) is finding some lift to kick off the new trading week, bolstered by
[ad_1] People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to
