Economic News Category

February 13, 2024
Australia’s Consumer Confidence Rises Following Interest Rate Halt and Tax Reductions

Australia’s Consumer Confidence Rises Following Interest Rate Halt and Tax Reductions In Australia, recent economic indicators have revealed a divergence in sentiment between businesses and consumers. While business conditions have shown signs of strain, consumer sentiment has improved, driven by expectations of an end to interest rate hikes and upcoming tax cuts. January’s data from

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February 9, 2024
US Recession Threats Diminish, Yet Concerns Over Economic Growth Persist

US Recession Threats Diminish, Yet Concerns Over Economic Growth Persist The US economy is demonstrating resilience, with strong GDP and job growth, despite facing high borrowing costs and tight credit conditions. This growth is primarily driven by substantial government spending and consumers utilizing their savings. However, these contributing factors are expected to be less influential

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February 8, 2024
China’s Producer Prices Fall for 16th Month in January; Consumer Prices Record Largest Decline Since 2009

China’s Producer Prices Fall for 16th Month in January; Consumer Prices Record Largest Decline Since 2009 In January, China’s producer prices declined for the 16th consecutive month, while consumer prices experienced their most significant decrease since 2009, signaling a substantial challenge for Beijing in stimulating the world’s second-largest economy. According to the National Bureau of

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February 7, 2024
Dollar Retreats From Nearly 3-Month High

Dollar Retreats From Nearly 3-Month High The U.S. dollar faced continued pressure on Wednesday, following a retreat from its near three-month peak against the euro. This decline was compounded by a drop in U.S. bond yields, which has further weakened the currency’s position. Market analysts attribute the dollar’s recent pullback to technical reasons, especially after

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February 6, 2024
Australian Dollar Gains as US Dollar Weakens; RBA Holds Rate at 4.35%

Australian Dollar Gains as US Dollar Weakens; RBA Holds Rate at 4.35% On Tuesday, the Australian Dollar (AUD) experienced a noteworthy recovery, regaining ground against the US Dollar (USD). This shift occurred as the Reserve Bank of Australia (RBA) decided to maintain its Official Cash Rate (OCR) at 4.35% during its February meeting, aligning with

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