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German inflation falls to 3.2%, eurozone inflation next US second-estimate GDP improves to 5.2% The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.0984, down 0.11%. German inflation falls to 3.2% Gerrmany’s inflation rate dropped more than expected, coming in at 3.2% y/y in November. This was […]

The post EUR/USD Dips as German Inflation Declines appeared first on Action Forex.

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03/02/2024

US: January Delivers a Scorching Hot Employment Report   

Non-farm payrolls rose by 353k in January, well ahead of the consensus forecast calling for a smaller gain of 185k. This morning’s report also included annual benchmark revisions as well as revised seasonal factors. The revisions showed a slightly weaker rate of job growth over 2022 and early-2023. The total level of nonfarm employment for […]
10/07/2024

RBNZ Review: Keeping It Tight… For a While

The RBNZ left the OCR at 5.5% as expected. The RBNZ took a more dovish view – easing looks to be coming earlier than they previously thought. The short-term inflation outlook seems more comfortable for the RBNZ. But it’s the weaker growth momentum that seems especially top of mind. The RBNZ’s monetary policy strategy is […]
17/09/2024

Canadian Headline Inflation Hits the Target

Headline CPI inflation edged lower in August to 2.0% year-on-year (y/y), versus 2.5% y/y in July, and just below consensus expectations of 2.1% y/y. Goods prices have fallen into deflation at -0.7% y/y, with gasoline prices down 5.1% y/y. Additionally, Statcan noted greater discounting on clothing and footwear during the back-to-school shopping period. Services prices […]