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Eurozone Unemployment Rate came in at 6.3%, above forecasts (6.2%) in June
Eurozone Unemployment Rate came in at 6.3%, above forecasts (6.2%) in June
BoE Press Conference: Governor Bailey speaks on interest rate outlook after July policy hold
Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press.
Swiss Franc: Undervaluation supports APAC recovery trades – BNY
BNY’s Geoff Yu highlights that the Swiss Franc looks undervalued on both nominal and real effective exchange rate measures, near one-year and 15‑month lows respectively.
GBP/USD Price Forecast: Keeps the red near 1.3350 as traders await BoE rate decision
The GBP/USD pair meets with fresh supply on Thursday and retreats further from the weekly high, around the 1.3385-1.3390 region, touched the previous day.
Euro steadies near weekly highs following bright Eurozone growth numbers
The Euro (EUR) is retracing previous losses against the US Dollar (USD) on Wednesday, fuelled by upbeat Eurozone Gross Domestic Product (GDP) and economic confidence data.
Euro: Data-driven range trade into Q3 against US Dollar – ING
Chris Turner at ING writes that EUR/USD bounced modestly after the FOMC but was constrained by higher long-dated US yields and pressure on US growth stocks.
Portugal Business Confidence remains unchanged at 2.8 in July
Portugal Business Confidence remains unchanged at 2.8 in July
Portugal Consumer Confidence climbed from previous -25.9 to -22.6 in July
Portugal Consumer Confidence climbed from previous -25.9 to -22.6 in July
Portugal Gross Domestic Product (QoQ): 0.8% (2Q) vs 0%
Portugal Gross Domestic Product (QoQ): 0.8% (2Q) vs 0%
Breaking: US GDP expands 1.5% in Q2 vs 2.1% expected
The United States' (US) Gross Domestic Product expanded at an annual rate of 1.5% in the second quarter, the US Bureau of Economic Analysis' (BEA) first estimate showed on Thursday. This print followed the 2.1% growth recorded in the first quarter and came in below the market expectation of 2.1%.
Indian Rupee: RBI seen on hold as growth solid – Commerzbank
Commerzbank’s analysts report that USD/INR has eased as India’s June industrial production surprised to the upside and inflation stayed within the Reserve Bank of India’s target band.
Federal Reserve: Extended pause with 2027 cuts – UOB
UOB’s Suan Teck Kin and Alvin Liew analyze the latest FOMC decision, noting the Fed Funds Target Rate remains at 3.50%-3.75% for a fifth straight meeting despite three dissenting votes favoring a hike.
Germany Hesse CPI (MoM) rose from previous -0.2%Â to 0.7% in July
Germany Hesse CPI (MoM) rose from previous -0.2%Â to 0.7% in July