Australia's gross domestic product added 3.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday. more...
The Reserve Bank of Australia raised its key interest rates by a half-percentage point on Tuesday to bring inflation back to the target and create a more sustainable balance of demand and supply in the Australian economy. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 50 basis points to 2.35 percent, the highest since late 2014. more...
China's services companies continued to recover in August from the recent wave of the pandemic underpinned by strong sales, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index came in at 55.0, down from 55.5 in July. A score above 50.0 indicates expansion. Moreover, the rate of expansion was the second-quickest recorded since May 2021. more...
The services sector fell into contraction territory in August, the latest survey from Jibun Bank revealed on Monday with a services PMI score of 49.5. more...
The Bank of Canada (BoC) interest rate decision may keep USD/CAD afloat as the central bank is expected to adjust its approach in combating inflation. The daily price is located above 200 SMA in the bullish area of the chart: price is trying to break resistance level at 1.32 to above for the bullish trend to be continuing. Alternatively, the price will be on secondary ranging waiting for direction of the strong trend to be started. ...
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