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Australia’s Inflation Cools In Q3 To 2.3%, Giving Room To Hold Interest Rates

Australia’s Inflation Cools In Q3 To 2.3%, Giving Room To Hold Interest Rates

Oct 23, 2014

Consumer prices in Australia declined in the third quarter, with a corresponding inflation gauge falling back to a comfortable level in the middle of the Reserve Bank of Australia's 2-3% target range, providing the central bank with ample room to keep interest rates on hold for longer. Official data...

US Consumer Prices Rise Slightly In September

US Consumer Prices Rise Slightly In September

Oct 23, 2014

Consumer prices across the US rose more than expected on a monthly basis in September. However, with the inflationary pressure still remaining subdued, the Fed is unlikely to be in a hurry to raise interest rates. The consumer price index inched higher 0.1%, the US Department of Labor said,...

MPC Members Are Still Divided On Rate Hike, Become Gloomier On Economy

MPC Members Are Still Divided On Rate Hike, Become Gloomier On Economy

Oct 23, 2014

Minutes of the latest BoE's Monetary Policy Meeting showed that officials remained split on hiking interest rates, with the majority of policy makers voted against immediate rate lift, while two officials were in favour for the third consecutive month. However, all MPC members were unanimous on maintaining the asset...

Canada’s Retail Sales Decline In August

Canada’s Retail Sales Decline In August

Oct 23, 2014

Retail sales in Canada fell for a second consecutive month in August, as gasoline prices dropped and new cars and food recorded weaker sales, according to Statistics Canada. Sales fell 0.3% to C$42.4 billion, the biggest decline this year, following a 0.1% drop in July. Sales decreased in seven...

Japan’s Trade Gap Widens, Though Exports Soar Most In Seven Months

Japan’s Trade Gap Widens, Though Exports Soar Most In Seven Months

Oct 23, 2014

Japan's trade gap widened in September though exports increased more than predicted as the Japanese Yen weakened to near the lowest level in six years, the Finance Ministry said. The nation's currency has depreciated 8.3% versus the US Dollar over the past year and experienced the biggest monthly decline...

EUR/USD Declines Both Due To Dollar Strength And Euro Weakness

EUR/USD Declines Both Due To Dollar Strength And Euro Weakness

Oct 23, 2014

Yesterday, EUR/USD was captured in a downward trend. Rumours on ECB QE and on the AQR put the euro under pressure in European trading. Later in the session, the dollar profited from a marginally higher than expected US CPI. Today, the EMU PMI’s might bring more negative news for...