German Chancellor Merz says weak dollar a burden for German exports

The Australian dollar is already under a lot of downside pressure lately, so can the upcoming GDP release drag it any lower? Our Event Guide for Australia’s Q4 2024 GDP Report points out that growth components like spending and trade are showing weak spots. Here’s what I’m watching on AUD/NZD and AUD/JPY…

By Harry Robertson LONDON (Reuters) – Gauges of expected volatility in currencies jumped on Wednesday as investors braced for the U.S. presidential election, which could result in big changes to economic policy and swings in the dollar. Single-week implied volatility in the euro-dollar currency pair surged to its highest level since March 2023, when the…

IDF says it ‘will not rest’ until all hostages are recovered The Israeli hostage rescued in Gaza on Tuesday was recovered by Israel Defense Forces (IDF) from a tunnel in “a complex rescue operation”, IDF spokesperson Daniel Hagari said. Qaid Farhan Alkadi, 52, a member of the Bedouin community in southern Israel, was rescued in…

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