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Key insights from the week that was. In Australia, market participants were left with little to dissect this week. The latest NAB business survey pointed to the domestic economy remaining weak in late February, the detail of the survey broadly consistent with last week’s Q4 2023 National Accounts. Although business conditions rose to +10 in […]

The post Cliff Notes: Fading Inflation Risks appeared first on Action Forex.

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08/12/2023

Euro Flat as German Inflation Declines

German inflation confirmed at -0.4% US nonfarm payrolls project to accelerate to 180,000 The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0774, down 0.17%. The euro has struggled lately against the US dollar and has slipped 2.2% since November 28. German inflation confirmed at -0.4% Germany’s economy is […]
23/01/2024

New Zealand Dollar Eyes Services PSI

New Zealand releases Performance of Services Index on Tuesday The New Zealand dollar is flat at the start of the week. In the European session, NZD/USD is trading at 0.6116, up 0.01%. It was a rough week for the New Zealand dollar, which declined 2% and fell to a five-week low. New Zealand’s economy has […]
05/07/2024

UK Election: Labour Wins in a Landslide

The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of the election, Labour had a massive lead in the polls and there was no doubt it would win a huge majority in parliament. The […]