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Tue, Feb 18, 2025 07:56Australian Dollar Rises After RBA Rate-cut Decision
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, following the Reserve Bank of Australia's (RBA) widely anticipated 25 basis point interest rate drop.
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Tue, Feb 18, 2025 07:26Australia Cuts Key Interest Rate For First Time Since 2020
The Reserve Bank of Australia lowered its benchmark rate for the first time since 2020 as upside risks to inflation eased but policymakers remained cautious about further easing. The policy board of the RBA governed by Michele Bullock decided to reduce the cash rate target by 25 basis points to 4.10 percent. The decision came in line with expectations.
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Tue, Feb 18, 2025 05:37European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK labor market data. The jobless rate is forecast to rise to 4.5 percent in three months to December from 4.4 percent in the preceding period.
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Mon, Feb 17, 2025 13:46UK House Price Growth Softens As Stamp Duty Deadline Looms: Rightmove
House prices in the U.K. increased at a slower pace in February as sellers reduced their price expectations amid the looming stamp duty deadline and high competition, property website Rightmove said on Monday. The average asking price of property grew only 0.5 percent in February, slower than the 1.7 percent increase in January, survey results by Rightmove showed.
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Mon, Feb 17, 2025 12:21Eurozone Trade Surplus Falls Slightly In December
The euro area trade surplus dropped slightly in December as the increase in imports exceeded the exports growth, data from Eurostat showed on Monday. The trade surplus decreased to EUR 15.5 billion in December from EUR 16.0 billion in November. Exports logged an increase of 3.1 percent from last year, in contrast to the 1.4 percent fall in November.
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Mon, Feb 17, 2025 10:21Yen Rises Amid Strong Japan GDP Data
The Japanese yen strengthened against other major currencies in the Asian session on Monday, after Japan's gross domestic product expanded on quarter in the fourth quarter of 2024.
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Mon, Feb 17, 2025 09:45Antipodean Currencies Rise Amid Risk-on Mood
The Antipodean currencies such as the Australia and the New Zealand dollar strengthened against their major currencies in the Asian session on Monday, amid easing concerns over a global trade war after U.S. President Donald Trump decided to delay the implementation of new reciprocal tariff plans.
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Mon, Feb 17, 2025 08:12Thailand GDP Expands Less Than Forecast
The Thai economy grew at a slower than expected pace in the fourth quarter on contracting private investment and decelerating government spending, official data revealed Monday. Gross domestic product logged an annual growth of 3.2 percent in the fourth quarter after rising 3.0 percent in the third quarter, the Office of the National Economic and Social Development Council said.
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Mon, Feb 17, 2025 08:12Thai GDP Expands Less Than Forecast
The Thai economy grew at a slower than expected pace in the fourth quarter on contracting private investment and decelerating government spending, official data revealed Monday. Gross domestic product logged an annual growth of 3.2 percent in the fourth quarter after rising 3.0 percent in the third quarter, the Office of the National Economic and Social Development Council said.
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Fri, Feb 14, 2025 22:13Dollar Drifts Lower Against Major Counterparts On Weak Retail Sales Data
The U.S. dollar stayed weak against most of its major counterparts on Friday, as data showed retail sales dropped more than expected in the month of January.
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Fri, Feb 14, 2025 15:33U.S. Business Inventories Unexpectedly Dip 0.2% In December
With decreases by wholesale and retail inventories more than offsetting an increase by manufacturing inventories, the Commerce Department released a report on Friday showing U.S. business inventories unexpectedly edged lower in the month of December.
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Fri, Feb 14, 2025 15:28U.S. Industrial Production Climbs More Than Expected As Utilities Output Spikes
A report released by the Federal Reserve on Friday showed industrial production in the U.S. increased by more than expected in the month of January. The Fed said industrial production climbed by 0.5 percent in January after jumping by an upwardly revised 1.0 percent in December. Economists had expected industrial production to rise by 0.3 percent.
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Fri, Feb 14, 2025 15:12U.S. Import Prices Rise Modestly In January, But Export Prices Surge
While the Labor Department released a report on Friday showing U.S. import prices increased by slightly less than expected in the month of January, the report also showed U.S. export prices surged by much more than anticipated. The Labor Department said import prices rose by 0.3 percent in January after inching up by an upwardly revised 0.2 percent in December.
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Fri, Feb 14, 2025 15:09U.S. Retail Sales Slump Much More Than Expected As Auto Sales Plunge
Partly reflecting a slump by auto sales, the Commerce Department released a report on Friday showing retail sales in the U.S. fell by much more than expected in the month of January. The report said retail sales slid by 0.9 percent in January after climbing by an upwardly revised 0.7 percent in December. Economists had expected retail sales to edge down by 0.1 percent.
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Fri, Feb 14, 2025 12:35Russia Keeps Key Interest Rate Unchanged At Record High 21%
The Bank of Russia retained its interest rate at a record high for the second consecutive meeting on Friday and kept the door open for further rate hike as inflationary pressures remain high. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record 21.00 percent.
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Fri, Feb 14, 2025 12:34U.S. Dollar Falls On Absence Of Immediate Trump's Reciprocal Tariff Imposition
The U.S. dollar weakened against other major currencies in the European session on Friday, as investor sentiment was buoyed by hopes of a resolution to the Ukraine war and President Trump's decision to delay the implementation of his much-hyped additional tariffs on foreign goods. Fears of an impending worldwide trade war have subsided in light of this scenario.
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Fri, Feb 14, 2025 11:16Eurozone Economy Expands In Q4; Employment Growth Slows
The euro area economy expanded in the fourth quarter after an upward revision, but the growth was still meager as the biggest two economies contracted and overall employment logged only a marginal increase, official data showed on Friday. Gross domestic product grew by revised 0.1 percent sequentially, flash estimate from Eurostat revealed. This follows 0.4 percent growth in the third quarter.
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Fri, Feb 14, 2025 05:53Malaysia GDP Expands More Than Estimated
Malaysia's economy expanded more than previously estimated in the fourth quarter on household spending and investment, official data showed on Friday. Gross domestic product expanded 5.0 percent year-on-year in the fourth quarter. This was revised up from the prior estimate of 4.8 percent and follows 5.4 percent growth registered in the third quarter.
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Fri, Feb 14, 2025 05:16European Economic News Preview: Eurozone GDP Data Due
Revised quarterly national accounts data from the euro area is the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to release Germany's wholesale prices for January. Economists forecast wholesale prices to rise 0.2 percent on month, following a 0.1 percent rise in December.
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Thu, Feb 13, 2025 15:12U.S. Producer Price Growth Slightly Exceeds Estimates In January
Following yesterday's hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January. The Labor Department said its producer price index for final demand rose by 0.4 percent in January after climbing by an upwardly revised 0.5 percent in December.
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Thu, Feb 13, 2025 15:07U.S. Jobless Claims Dip Slightly More Than Expected To 213,000
First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 213,000, a decrease of 7,000 from the previous week's revised level of 220,000.
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Thu, Feb 13, 2025 13:30UK Economy Unexpectedly Returns To Growth
The U.K. economy logged a surprise expansion in the fourth quarter of 2024, but the mild growth is unlikely to ease the pressure on the Chancellor who aims to turbocharge growth. Gross domestic product grew 0.1 percent from the third quarter, when there was nil growth, the Office for National Statistics reported Thursday.
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Thu, Feb 13, 2025 10:30Eurozone Industrial Output Falls More Than Expected
Eurozone industrial production registered a bigger-than-expected decline in December on sharp falls in capital a
Industrial output fell 1.1 percent in December from November. The fall was deeper than the forecast of 0.6 percent also reversed the 0.4 percent increase in November. Among major industrial groupings, only non-durable consumer goods and energy production improved from the last month. -
Thu, Feb 13, 2025 09:40Philippine Central Bank Unexpectedly Retains Policy Rates
The Philippine central bank unexpectedly left its interest rates unchanged after cutting it for three straight times amid heightened uncertainty over US trade policy. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the target reverse repurchase rate at 5.75 percent. The interest rates on the overnight deposit and lending facilities were kept unchanged.
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Thu, Feb 13, 2025 09:24Pound Rises After Upbeat U.K. GDP Data
The British pound strengthened against other major currencies in the European session on Thursday, after the U.K. economy expanded unexpectedly in the fourth quarter, underpinned by services and construction output.