Key Takeaways: 💷 UK inflation slightly above expectations in June 🇺🇸 Dollar vulnerable as speculation arises regarding Fed rate cuts in September 🇪🇺 Euro strengthened against greenback, Australian dollar remains stable 💳 Market signifies a "Goldilocks economy" with solid retail sales but outlook on inflation prompting Fed rate cut expectations 💱 New Zealand dollar up … Read more
Key Takeaways 💵 Asian currencies edged higher against the dollar amid optimism of a potential Fed rate cut 🇹🇼 Taiwan dollar and Chinese yuan lagged due to negative comments from Donald Trump 🇯🇵 Japanese yen steadied after reports of intervention in currency markets 🇨🇳 Chinese markets wary of renewed trade war fears following Trump’s comments … Read more
Key Takeaways 💹 New Zealand CPI inflation eased more than expected in Q2 📉 CPI rise of 3.3% year-on-year in Q2 was softer than expectations ⏬ Quarter-on-quarter CPI rose 0.4%, slowing from the previous quarter 💳 Soft CPI readings driven by slower spending on discretionary and recreational items 🎯 CPI still above RBNZ’s 1% to … Read more
Key Takeaways 💵 The U.S. dollar fell to a three-week low due to weaker economic data and expectations of interest rate cuts. 📉 The euro gained against the dollar to a three-week high. 🏭 U.S. manufacturing sector is showing signs of decline with ISM and construction spending data dropping. 🇺🇸 Markets are questioning the U.S. … Read more
Key Takeaways: 💲 New Zealand CPI inflation eased more than expected in Q2 📉 Slower spending on discretionary items contributed to softer CPI readings 🎯 CPI still above RBNZ’s target, but likely to fall within target by late 2024 💼 RBNZ may start trimming interest rates later this year 📅 RBNZ could potentially start cutting … Read more
Key Takeaways 💸 The dollar has faced pressure but is expected to rebound due to Fed rate cuts being priced in 🌍 Euro area weakness may benefit the dollar as ECB expected to resume rate cuts 💹 Falling inflation expectations may limit aggressive Fed easing cycle, helping the dollar 🇺🇸 Political developments, including Trump’s policy … Read more
Key Takeaways 💵 The U.S. dollar edged higher due to increased chances of Trump returning to the White House 📈 Markets are anticipating a Trump victory in the November election, which could boost the dollar with his protectionist trade policies 🗓️ Federal Reserve expected to start cutting interest rates in September, leading to dollar fluctuations … Read more
Key Takeaways: 💵 The dollar fell to a three-week low after data showed a slowing U.S. economy with weaker manufacturing and construction spending readings. 📉 The U.S. dollar index dropped to 104.14, the lowest level since mid-May, while also declining against the yen and euro. 🏭 U.S. manufacturing sector shrank with the Institute for Supply … Read more
Key Takeaways: 🔒 Most Asian currencies were stagnant or weakening due to speculation on Trump presidency 📉 Japanese yen suffered from a stronger dollar and warnings of intervention 🛍️ Retail sales data awaited for potential insight on US economy 🇯🇵 Japanese yen weakened against the dollar, speculation on intervention 🇨🇳 Chinese yuan weakened due to … Read more
Key Takeaways 🏗️ 82% of construction and engineering businesses in the UK are facing recruitment difficulties 🚚 Nearly 80% of transport, logistics, production, and manufacturing companies are also struggling with recruitment 📈 Recruitment difficulties have increased across all sectors in recent months ⚠️ The rise in recruitment challenges, especially in construction, is alarming 📊 The … Read more