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The manufacturing sector in New Zealand expanded at an accelerated pace in December, the latest survey from Business-NZ revealed on Thursday, with a PMI score of 57.7. NZDUSD M5: 11 pips price movement by NZD - Performance of Manufacturing Index news event : More...
EUR/USD may face fresh monthly lows over the next 24-hours of trade as the European Central Bank (ECB) is widely expected to announce more non-standard measures to further mitigate the risk for deflation. What’s Expected: Why Is This Event Important: Despite headlines for a EUR 50B/month asset-purchase program, the details surrounding the new initiative may play a greater role in driving EUR/USD especially ...
Despite an uptick in developing countries and strong momentum in the United States, the World Bank downgraded its global economic forecast citing weak prospects for the euro area and Japan. In its biannual report 'Global Economic Prospects' released Tuesday, the World Bank said global gross domestic product is expected to grow 3 percent in 2015, slower than the 3.4 percent estimated in June. For 2016, the economy is projected ...
A marked slowdown in the U.S. Consumer Price Index (CPI) may trigger a short-term squeeze in EUR/USD should the development dampen the Federal Open Market Committee’s (FOMC) scope to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Despite expectations for a rate hike in mid-2015, the Fed may sound increasingly cautious and preserve its highly accommodative policy ...
Russian authorities said on Thursday that the country's currency crisis was over, but its economic problems are yet to be resolved. The ruble has recovered sharply in response to the steps taken by Russian authorities to prevent further declines in the currency and to slow inflation. The currency slumped to record lows in the backdrop of falling oil prices. Last week, the Bank of Russia unexpectedly raised its key rates sharply ...
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