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Eurozone retail sales marginally rise 0.1% mom in Nov, lag expectations – Action Forex
Eurozone retail sales edged up by 0.1% mom in November, falling short of expectations for 0.3% mom increase. Within the retail sectors, volume of sales rose slightly for food, drinks, and tobacco by 0.1%, while non-food product sales, excluding automotive fuel, contracted by -0.6%. Meanwhile, sales of automotive fuel increased by 0.8%, providing a modest…
Australian Dollar rises as US Dollar falls due to rising concerns over Fed’s independence
The Australian Dollar rose as investor sentiment wavered following renewed criticism from President Trump targeting Fed Chair Powell. White House’s Hassett stated that Trump is considering his authority to remove Powell from his position. China continues to stand against Trump’s hardline tariff approach, adding to global market uncertainty. The Australian Dollar (AUD) extends its gains…
The Market Reaction to Stimulus Ahead of China Trade Balance – Orbex Forex Trading Blog
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ECB’s Centeno: May need to go below neutral to sustain inflation
European Central Bank (ECB) Governing Board Member Mario Centeno noted that deflationary pressures within the European economy are becoming a concern for policymakers. Dropping interest rates below neutral in order to stimulate the economy may be necessary, according to Centeno. Key highlights Undershooting 2% inflation is a risk if investment doesn’t pick up. We may…
US November CPI data due Wednesday, December 11 – expected to be higher than in October | Forexlive
In October 2024, the U.S. Consumer Price Index (CPI) increased by 0.2% from the previous month, marking the fourth consecutive month with this rate of growth. On an annual basis, the CPI rose by 2.6%, up from 2.4% in September. The core CPI, which excludes volatile food and energy prices, also saw a 0.3% month-over-month…
