Economic News Category

Dollar Stands Firm as Market Anticipates Federal Reserve Decision The US dollar is on track to achieve its most significant monthly gain since September, while the Japanese yen is poised for its steepest monthly decline in over a year as of Wednesday. This comes as traders eagerly anticipate the US Federal Reserve’s interest rate decision,

UK Shop Inflation Hits Over 18-Month Low, Indicating Easing Cost-of-Living Crisis Recent data indicates a significant drop in inflation within UK retail stores, reaching the lowest point in over a year and a half, suggesting a potential easing of the cost-of-living crisis. According to the British Retail Consortium (BRC), shop prices in January were up

Astonishing Amount of Cash Hoarded by Australians, Reports RBA In recent times, Australians have been less inclined to use cash for their daily transactions, yet a new report reveals an intriguing trend: a significant increase in the accumulation of cash by households. The Reserve Bank of Australia’s (RBA) January bulletin presented an analysis that uncovers

Japanese Yen Weakens Against USD as US PCE Price Index Looms As the European trading session begins on Friday, the Japanese Yen (JPY) is seen trading within a narrow range against the US Dollar (USD). Market participants are exhibiting a cautious approach, opting to wait for the release of the US Personal Consumption Expenditures (PCE)

Pound Sterling Stabilizes Before Key US GDP Data Release The Pound Sterling (GBP) is experiencing a lack of clear direction as investors await central bank policy decisions expected next week. The GBP/USD pair has been trading sideways, with the market largely anticipating a steady interest rate decision from the Bank of England (BoE). The focus