Economic News Category

Survey Indicates Australia Likely to Reduce Interest Rates in Third Quarter Australian economists have recently updated their predictions regarding the Reserve Bank of Australia’s (RBA) monetary policy, anticipating an earlier start to the bank’s easing cycle. This shift in expectation is based on modest reductions in inflation forecasts and aligns with the current trends in

Africa’s Biggest Economy Struggles with Rising Inflation and Currency Turmoil Nigeria is currently grappling with a severe economic crisis, characterized by nearly 30% annual inflation and a rapidly depreciating currency. The Nigerian naira recently hit an all-time low against the U.S. dollar, dropping to nearly 1,600 on the official market, a steep decline from around

China’s Economy Set for Strong Recovery Path China’s economy is poised for a significant recovery this year, with indicators pointing towards a resurgence in consumer spending, services activities, and export growth. This positive trend has been highlighted by various global financial institutions and senior experts, despite acknowledging potential vulnerabilities due to ongoing challenges. One of

Australian Dollar’s Gains Reduced Amid Strengthening US Dollar, Attention on Australian CPI The Australian Dollar (AUD) slightly reduced its intraday gains as the US Dollar began to recover its recent losses on Tuesday. The AUD/USD pair, however, is still finding support due to a general improvement in risk sentiment. This shift in mood is partly

The Japanese Yen (JPY) has seen a slight uptick against the US Dollar (USD) as the new trading week commences, yet it continues to hover near a low not seen in over three weeks, a position established the previous Friday. Market participants are now increasingly of the view that the Bank of Japan (BoJ) may