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Prior +0.2%Looking at the breakdown for the month, producer prices actually increased by 0.4% in May but that is more than offset by the plunge in import prices - down by 1.8% on the month. The latter in particular mainly reflects cheaper energy prices, which has been...

I shared some thoughts on the Fed decision here and how it is making for a bit of a tricky read into dollar sentiment at the moment. And that's where we are as we approach European trading today.The greenback is sort of in a bend but don't break situation, with...

The Fed tried to deliver on its commitment to keep rates higher for longer, but did it work? I reckon the jury is still out on this one.Fed chair Powell fell short of committing to a July rate hike, as you would expect, and reaffirmed that the next meeting will be a...

The Japanese yen is a notable mover today, with USD/JPY up by 0.9% to above 141.00 on very little to no news. It builds on the FOMC meeting decision yesterday but this looks more yen-related than that, if I were to pick a story. The drop in the currency came during...

Asia followed up the ‘on hold’ Federal Open Market Committee (FOMC) decision, with a hawkish dot plot, by buying US dollars during the session. EUR, GBP, NZD, NZD, AUD (and yuan, but I’ll come to that in a bit) all fell against the big dollar. But yen was the biggest...

It better be, China youth unemployment hit a record high 20.8% in May <!--> Eamonn Sheridan Thursday, 15/06/2023 | 02:29 GMT-0 15/06/2023 | 02:29 GMT-0 --> <!--> China's National Bureau of Statistics (NBS) says that Q2 growth will be significantly...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

China May Industrial Production +3.5% y/y for a missexpected +3.6%, prior +5.6%& Retail Sales +12.7% y/y for a missexpected +13.6%, prior +18.4%Fixed Asset Investment (YTD) 4.0% y/y and also for a missexpected +4.4%, prior +4.7%China unemployment rate 5.2%prior...

China's new home prices rose for the fifth straight month in May. Data via Reuters calculations based on National Bureau of Statistics (NBS) data. At +0.1% m/m they slowed the pace from the previous month's +0.4%For the y/y, +0.1%. This is the first y/y rise since...

Australian labour market report for May 2023 - huge beats will ignite speculation the Reserve Bank of Australia have more rate hikes still ahead. Employment Change: +75.9K expected +15K, prior -4.3KUnemployment Rate: 3.6% expected 3.7%, prior 3.7%Full-Time Employment...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...