Economic News Category

Australia and New Zealand Projected to Have Sub-3% Inflation by 2024 Goldman Sachs Group Inc. foresees a downward trend in inflation for Australia and New Zealand, anticipating it will drop slightly below 3% by the latter part of 2024. This projection aligns with the goals of the respective central banks and suggests a possible environment

Japan’s Wholesale Inflation Eases, Signaling Reduced Cost Pressures In a notable economic development, Japan’s wholesale inflation rate has decelerated to below 1% for the first time in over two and a half years, according to recent data. This deceleration is a clear indication that the inflationary pressures, which have been pushing up the prices of

Australian and New Zealand Currencies Endure a Tough Week as Rate Hike Expectations Offer Minimal Relief Throughout the week, the Australian and New Zealand dollars have been on a downward trajectory, marking their fifth consecutive session of losses on Friday. The downtrend has been exacerbated by a surge in U.S. Treasury yields, which has put

USD Index Hovers Around 105.50, Awaits Jerome Powell’s Speech for Direction The USD Index (DXY) finds itself in a consolidative phase, trading near the 105.50 level as the European trading session commences on Thursday. Market participants are exhibiting a general lack of direction, with their attention firmly fixed on the upcoming speech by Federal Reserve

Decline in China’s Forex Reserves to $3.1 Trillion Amidst a Stronger US Dollar China’s foreign exchange reserves have decreased to $3.1012 trillion at the conclusion of October, representing a $13.8 billion reduction from September’s figures, as reported by the State Administration of Foreign Exchange (SAFE) on a recent Tuesday. This downtrend marks the third month