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ECB Holds Rates, QE Unchanged

username July 26, 2018 No Comments forex news

The European Central Bank left its interest rates unchanged on Thursday and maintained the forward guidance on monetary stimulus after the Governing Council’s June decision to halve monthly asset purchases after September and eventually end them in December. The main refi rate is currently at a record low zero percent and the deposit rate at […]

South Africa PPI Inflation Accelerates To 17-Month High

username July 26, 2018 No Comments forex news

South Africa’s producer price inflation accelerated in June to the highest level in almost one-and-a-half years, figures from Statistics South Africa showed Thursday. Producer prices climbed 5.9 percent year-over-year in June, faster than the 4.6 percent rise in May. Moreover, this was the highest rate of growth since January 2017, when prices had risen the […]

Italy Consumer Sentiment Improves, Business Confidence Eases Slightly

username July 26, 2018 No Comments forex news

Italy’s consumer confidence improved marginally in July, while business confidence weakened somewhat, survey data from the statistical office Istat showed Thursday. The consumer confidence index rose to 116.3 in July from 116.2 in June. Meanwhile, the indicator was forecast to fall to 116.0. The economic and future components worsened in July, while the personal and […]

Italy’s Hourly Wage Growth Accelerates In June

username July 26, 2018 No Comments forex news

Italy’s hourly wage growth doubled in June, the statistical office INE said Thursday. Hourly wages advanced 2 percent annually compared to 1 percent in May. The contractual salary per employee also rose 2 percent in June. Month-on-month, hourly wages gained 0.9 percent, much faster than May’s 0.1 percent rise. Likewise, contractual salary advanced 0.9 percent. […]

Oil Rises For Third Day As Saudi Suspends Red Sea Shipments

username July 26, 2018 No Comments forex news

Oil prices were trading higher for a third straight session on Thursday after data showed a fall in U.S. inventories and Saudi Arabia said it would “temporarily halt” all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb. Brent crude futures were up 52 cents or 0.73 percent at $74.42 a barrel […]

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