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Markets
Breaking: US core PCE inflation holds steady at 2.9% in August as forecast
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.7% in…
Canada: GDP expanded by 0.2% MoM in July
Statistics Canada noted that the Canadian economy expanded by 0.2% in July, coming in above initial estimates of a 0.1% gain and reversing the previous 0.1%…
Fed’s Barkin: Focus is now on balancing the Fed’s goals
Richmond Federal Reserve (Fed) President Thomas Barkin said on Friday that he sees limited risks of a sharp increase in either unemployment or inflation, which…
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EUR/USD edges higher as traders digest in-line US PCE inflation data
The Euro edges modestly higher as traders digest largely in-line US PCE inflation figures.The core PCE Price Index rose 0.2% in August, matching…
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Australia FX Today: Aussie awaits decisive RBA rate decision
The Australian Dollar (AUD) is consolidating against the US Dollar (USD) on Friday, with the AUD/USD pair stabilizing around 0.6530 after its recent…
GBP/USD edges higher as Greenback eases after US PCE and UoM sentiment data
The British Pound steadies after a two-day slide, with GBP/USD staging a modest recovery.The US PCE inflation report came broadly in line with forecasts,…
NZD/USD: Small chance of breaking below the next support at 0.5730 – UOB Group
New Zealand Dollar (NZD) could decline further, but it remains to be seen if it can break below the next support at 0.5730. In the longer run, the outlook for…
China’s Gold Imports Declined in August – Commerzbank
Gold prices continue to climb, attracting strong ETF inflows, but high prices are weighing on physical demand as China’s August imports fell 3.4%…