The upbeat macroeconomic data releases from the US seem to be providing a boost to the greenback. August's ISM manufacturing index has risen more than expected to stand at 56.0 well above the 50 break-even level which determines expansion/contraction in the sector. The consensus was looking for 54.8 versus July’s reading of 54.2. In its [...]
At its September monetary policy meeting this Tuesday, the Reserve Bank of Australia (RBA) board members kept the official cash rate (OCR) unchanged at a record low of 0.25%, as widely expected. “The board decided to maintain the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points,” [...]
The preliminary Industrial Production of Japan surges heavily past-1.2% forecast and 1.9% prior to print 8.0% mark on MoM. Though, the yearly figures are disappointing when flashing 16.1% contraction against -15.7% expected. Further, Retail Sales dropped 3.3% on MoM and 2.8% on YoY versus 8.0% and 2.4% respective forecasts. Japan's factory output rose in July [...]
Core consumer prices in Tokyo fell 0.3% in August from a year earlier, government data showed on Friday. The core consumer price index for Japan's capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.3% annual rise. Furthermore, the ex-Food and Energy CPI data lagged below 0.5% [...]
