Abstract:German inflation dipped in June
German inflation dipped in June, the first month that the effects of government measures to dampen high fuel prices were included, data showed on Wednesday.
Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), decreased an annual 8.2%, a fall from May's 8.7%, the Federal Statistical Office said.
A Reuters poll of analysts had pointed to an overall annual German HICP reading of 8.8% in June. For more forex news, please download WikiFX - the Global Dealer Regulatory Inquiry APP.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
According to the US Census Bureau, retail sales in the US rose by 0.6% on monthly basis in February. This reading followed a 1.1% decline registered in the initial month of the year, amounting to $696.7 billion, and fell below the anticipated 0.8% increase. In January, the unemployment rate unexpectedly rose to 3.9% from December's 3.8%, while wage growth slowed in the UK labor market, signaling weaknesses consistent with a broader economic slowdown. In Feb, Canada experienced an unexpected
The article suggests positive prospects for Malaysia's Ringgit (MYR) based on projections by BMI, indicating potential strengthening trends in the latter half of 2024 and early 2025. Factors such as anticipated policy relaxation, stability in yield differentials, and favourable external conditions contribute to this outlook. However, whether this constitutes "good news" for the MYR ultimately depends on various factors, including economic performance, policy decisions, and external developments, which may impact currency movements.
The focus of this week's economic calendar will be the release of U.S. employment data on Friday, as investors hope for signs that the economy is heading for a smooth landing. Following a strong performance for stocks in the first quarter, attention now turns to the beginning of the second quarter. Monitoring of intervention possibilities continues for the yen and the yuan, while market participants keep a close eye on data releases from the Eurozone and China. Here's a rundown of key developments to kickstart your week.
West Texas Intermediate (WTI) oil price pauses its two-day winning streak but is anticipated to conclude the week on a positive note, trading near $77.00 per barrel during the Asian session on Friday.