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The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. Going into the third quarter, the latest year-on-year headline CPI for the US is 8.6% and 5.1% for Australia. The weekly AUD/USD price is on ranging near and around 200 SMA for the waiting for the direction of the bullish trend to be resumed (by crossing Fibo level at 0.7211 to above) or the primary bearish ...
Germany's consumer price inflation unexpectedly slowed in June from a record high as the government took measures to reduce the burden of soaring energy prices on households and to reduce fuel consumption. Consumer price inflation eased to 7.6 percent in June from 7.9 percent in May, preliminary data from Destatis showed on Wednesday. The consumer price index edged up 0.1 percent in June from May. The harmonized index of consumer prices fell 0.1 percent ...
The value of retail sales in Australia was up a seasonally adjusted 0.9 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at A$34.229 billion. more...
Germany's consumer confidence dropped to a new record low in July as consumers see the risk of the economy slipping to a recession, survey results from the market research group GfK showed on Tuesday. The consumer confidence index fell to -27.4 in July from revised -26.2 in June. The score was forecast to fall to -27.6. more...
New orders for U.S. manufactured durable goods increased by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report showed durable goods orders climbed by 0.7 percent in May after rising by 0.4 percent in April. Economists had expected orders to inch up by 0.1 percent. more...
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