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Thu, Mar 13, 2025 13:38U.S. Producer Prices Unexpectedly Flat In February
With an increase in prices for goods offset by a decrease in prices for services, the Labor Department released a report on Thursday showing producer prices in the U.S. were unexpectedly flat in the month of February. The Labor Department said its producer price index for final demand was unchanged in February after climbing by an upwardly revised 0.6 percent in January.
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Thu, Mar 13, 2025 12:00Eurozone Industrial Output Rebounds In January
Euro area industrial production recovered at a stronger-than-expected pace in January due to the rebound in intermediate and capital goods output, official data revealed Thursday. Industrial output grew 0.8 percent on a monthly basis in January, reversing a 0.4 percent fall in December, Eurostat reported. Output was expected to climb 0.5 percent.
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Thu, Mar 13, 2025 11:10Euro Drops Amid EU-US Trade War Concerns
The euro weakened against other major currencies in the European session on Thursday, as investors remain cautious about the outlook for the EU-US trade relationship.
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Thu, Mar 13, 2025 09:25UK Housing Demand Weakest Since 2023, Sales Fall: RICS
Demand for residential property declined to the lowest since 2023 and agreed sales turned negative and house prices logged a subdued growth in February as the stamp duty deadline approaches, the Royal Institution of Chartered Surveyors, or RICS, said on Thursday. Buyer demand weakened in February with the balance falling to -14 percent from -1 percent in January. This was the weakest result since
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Thu, Mar 13, 2025 09:14Yen Rises On BOJ Chief Ueda Remarks
The Japanese yen strengthened against other major currencies in the European session on Thursday, as the Bank of Japan (BoJ) chief's remarks reinforced expectations of a rate hike.
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Thu, Mar 13, 2025 08:18Antipodean Currencies Fall Amid Global Trade War Concerns
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday, as concerns about the impact of the ongoing trade war continue to weigh on the markets.
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Thu, Mar 13, 2025 05:29European Economic News Preview: Eurozone Industrial Output Data Due
Industrial production from the euro area and unemployment from Italy are the top economic news due on Wednesday. At 3.30 am ET, producer prices figures from Switzerland are due. Economists forecast prices to grow 0.2 percent on a monthly basis in February after a 0.1 percent gain in January.
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Wed, Mar 12, 2025 21:43Dollar Climbs Higher Against Major Counterparts
The U.S. dollar climbed higher on Wednesday, gaining some ground after exhibiting weakness over the past several sessions, as data showed a smaller than expected increase in U.S. consumer price inflation.
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Wed, Mar 12, 2025 14:11Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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Wed, Mar 12, 2025 13:51U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
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Wed, Mar 12, 2025 12:08India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
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Wed, Mar 12, 2025 11:34ECB Chief Says Uncertainty Exceptionally High
European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
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Wed, Mar 12, 2025 11:14Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the European session on Wednesday, as European shares traded higher after Ukraine signaled its readiness to accept a U.S. proposal for an "immediate, interim 30-day ceasefire" with Russia, and the European Union announced retaliatory tariffs on U.S. imports of steel and aluminum.