New Zealand's Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity. “The 12.2 percent fall in quarterly GDP is by far the largest on record in New [...]
The cost of living in the UK as represented by the Consumer Price Index (CPI) for August month is due early on Wednesday at 06:00 GMT. The key inflation data will pave the way for market forecasts concerning the “Super Thursday” and hence become even more important than the otherwise case. The headline CPI inflation [...]
The Reserve Bank of Australia's board reaffirmed that it would not increase the cash rate target until progress is made towards full employment, inflation. Members noted that the downturn had not been as severe as earlier expected and recovery was underway in most of Australia. The Keynotes of the Minutes of the Monetary Policy Meeting [...]
While EUR/USD has risen by over 5% so far this year, the exchange rate is still undervalued according to an analyst at Goldman Sachs. Analysts at Goldman Sachs believe EUR/USD is in a good position to benefit from a continued sell-off in the greenback. The dollar index, which tracks the greenback's value against majors, has [...]
