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Forex News
TSX Ends Moderately Lower After Fed Raises Interest Rate And Signals More Hikes
The Canadian market ended on a weak note on Wednesday with investors digesting the Federal Reserve's interest rate decision and the accompanying statement.
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866 days ago
Australia Unemployment Data Due On Thursday
Australia will on Thursday release November numbers for unemployment, highlighting a busy day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 3.4 percent, with the addition of 19,000 jobs following an increase of 32,200 jobs in October.
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866 days ago
Dollar Drifts Lower Against Major Rivals After Fed Policy Announcement
The U.S. dollar shed ground against some of its major counterparts on Wednesday after the Federal Reserve raised interest rates by 50 basis points and signaled more hikes.
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866 days ago
New Zealand GDP Gains 6.4% On Year In Q3
New Zealand's gross domestic product expanded 6.4 percent on year in the third quarter of 2022, Statistics New Zealand said on Thursday.
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866 days ago
South Korea Export Prices Rise 8.6% On Year In November
Export prices in South Korea were up 8.6 percent on year in November, the Bank of Korea said on Thursday - slowing from 13.5 percent in October.
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866 days ago
Fed Slows Pace Of Interest Rate Hikes But Forecasts Higher Terminal Rate
After raising interest rates by three-quarters of a percentage point at four consecutive meetings, the Federal Reserve on Wednesday slowed the pace of rate increases but still signaled further rate hikes. In a widely expected move, the Fed announced its decision to raise interest rates by 50 basis points, or half a percentage point, to a target range of 4.25 to 4.50 percent.
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866 days ago
Swiss Market Recovers In The Final Hour, Ends Modestly Higher
The Switzerland market ended modestly higher on Wednesday, with stocks gaining in strength in late afternoon trade after languishing in negative territory till then.
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866 days ago
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Wednesday as investors largely refrained from making significant moves ahead of the Federal Reserve's monetary policy announcement.
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866 days ago
Is ECB Ready For A Dovish Shift?
The European Central Bank is widely expected to slow the pace of its interest rate hikes to 50 basis points on Thursday, taking cue from its peers as inflation have come off slightly in several countries on the back of a modest easing in energy prices. However, recent economic data and surveys as well as the rhetoric from ECB policymakers apparently suggest otherwise as they point to above-target
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866 days ago
Canadian Market Up Slightly In Cautious Trade
The Canadian market is modestly higher, recovering from some early weakness, amid cautious moves by investors ahead of the Federal Reserve's monetary policy announcement, due later in the day.
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866 days ago
U.S. Import Prices Decrease For Fifth Straight Month In November
Import prices in the U.S. declined for the fifth consecutive month in November, according to a report released by the Labor Department on Wednesday. The Labor Department said import prices slid by 0.6 percent in November after falling by a revised 0.4 percent in October.
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866 days ago
U.S. Import Prices Decrease Slightly More Than Expected In November
Import prices in the U.S. declined for the fifth consecutive month in November, according to a report released by the Labor Department on Wednesday. The Labor Department said import prices slid by 0.6 percent in November after falling by a revised 0.4 percent in October.
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866 days ago
German Economy To Undergo Shallow Recession: Ifo
Germany is set to experience a less severe recession next year as the economy would recover by the spring and rebound strongly with incomes rising faster than prices, the ifo Institute said in its Winter Economic Forecast, released Wednesday. Gross domestic product is forecast to grow 1.8 percent this year, the Mannheim-based think tank said, revising up from its earlier projection of 1.6 percen
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866 days ago
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