Food prices in New Zealand were up an unadjusted 0.5 percent on month in June, Statistics New Zealand said on Thursday – following the flat reading in May. Following seasonal adjustments, food prices were unchanged. In June, fruit and vegetable prices rose 5.8 percent (down 0.2 percent after seasonal adjustment), while meat, poultry, and fish […]
Australia will see the forecast for consumer prices in July, highlighting a light day for Asia-Pacific economic activity. In June, the forecast put CPI higher by 4.2 percent on year. New Zealand will release June figures for food prices; in May, food prices were flat on month. Singapore will provide May numbers for retail sales; […]
Brazil’s center-south sugarcane crush for the 2018-19 crop was 11.60% up from April until July 1 compared to the same period from a year before, totaling 222.571 million tons, said the Union of Sugarcane Industry (Unica). Total ethanol production reached 11.06 billion liters, up 44.99% from a year before, with 3.288 billion liters of anhydrous […]
Crude oil futures plunged Wednesday as the dollar dramatically strengthend versus major counterparts. That’s after data showed a large increase in the rate of wholesale inflation. August West Texas Intermediate crude oil fell $3.73, or 5%, to $70.38 a barrel on the New York Mercantile Exchange. It was the biggest daily decline in a year. […]
With traders expressing renewed concerns about a global trade war, treasuries showed a notable move to the upside during trading on Wednesday. After seeing modest strength for much of the session, bond prices climbed to new highs in late-day trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell […]
The one-day interbank deposit futures rates (DI rates) in Brazil opened slightly lower Wednesday in an unexpected move to continue the recent return of premiums, but rapidly reversed its course. The increased risk aversion abroad, following a new U.S. move in the trade war against China, the steady rise of the locally traded U.S. dollar […]
The dollar is strengthening against its major rivals Wednesday afternoon on renewed concerns over the trade war between the U.S. and China. President Donald Trump has ordered U.S. Trade Representative Robert Lighthizer to begin the process of imposing tariffs of 10 percent on an additional $200 billion of Chinese imports. The move comes after the […]
The industrial output in Brazil fell in 12 out of 15 regions surveyed in May 2018 over the same month of the previous year, said the South American country’s statistics office (IBGE). Over the previous month, the Brazilian industrial production dropped in 14 of 15 regions surveyed. According to the IBGE, the generalized drop recorded […]
The recent rebound in the price of gold continues to unravel, with bullion at risk for a further losses as it carves a fresh series of lower highs & lows.
The US Dollar is having its best day since June 27.