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Germany’s Retail Sales fall by 3.4% MoM in July vs. 0.4% expected
German Retail Sales, a key measure of consumer spending, showed a downside in July. The consumer spending measure fell 3.4% month-on-month (MoM), according to official data released by Destatis, while it was expected to have increased 0.4%. In June, Retail Sales arrived at 0% (revised from -1.1%).
Germany Retail Sales (YoY) fell from previous -0.2% to -2.5% in July
Germany Retail Sales (YoY) fell from previous -0.2% to -2.5% in July
United Kingdom Nationwide Housing Prices s.a (MoM) registered at 0.2% above expectations (0.1%) in August
United Kingdom Nationwide Housing Prices s.a (MoM) registered at 0.2% above expectations (0.1%) in August
United Kingdom Nationwide Housing Prices n.s.a (YoY) below expectations (2%) in August: Actual (1.6%)
United Kingdom Nationwide Housing Prices n.s.a (YoY) below expectations (2%) in August: Actual (1.6%)
Russia S&P Global Manufacturing PMI: 48.8 (August) vs previous 50.7
Russia S&P Global Manufacturing PMI: 48.8 (August) vs previous 50.7
Indian Rupee gains on India's upbeat Q2 GDP, narrowed fiscal deficit data
The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level in two months, amid likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit.
GBP/USD Price Forecast: Declines below 1.3550, while maintaining bullish bias above 100-day SMA
The GBP/USD pair trades in negative territory around 1.3545 during the early European trading hours on Tuesday. Federal Reserve (Fed) Chair Kevin Warsh’s hawkish remarks at the Jackson Hole symposium underpin the US dollar (USD) against the British Pound (GBP).Â
Indonesian Rupiah declines despite higher August inflation
USD/IDR edges higher after registering minor losses, trading around 17,770 during the Asian hours on Tuesday. The currency pair holds its ground as the US Dollar (USD) rebounds, driven by hawkish sentiment surrounding the Federal Reserve (Fed).
India HSBC Manufacturing PMI below expectations (52.9) in August: Actual (52.8)
India HSBC Manufacturing PMI below expectations (52.9) in August: Actual (52.8)
Japan Consumer Confidence Index came in at 35.5, above forecasts (35) in August
Japan Consumer Confidence Index came in at 35.5, above forecasts (35) in August
Indonesia Imports above expectations (24.1%) in July: Actual (27.02%)
Indonesia Imports above expectations (24.1%) in July: Actual (27.02%)
Indonesia Trade Balance above expectations ($-0.3B) in July: Actual ($0.13B)
Indonesia Trade Balance above expectations ($-0.3B) in July: Actual ($0.13B)
Indonesia Inflation (YoY) above expectations (3.13%) in August: Actual (3.19%)
Indonesia Inflation (YoY) above expectations (3.13%) in August: Actual (3.19%)