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Sweden Central Bank Keeps Rate, QE Unchanged

Sweden's central bank maintained its key interest rate and the asset purchase programme, in order to facilitate the recovery and bring inflation back to the target. The Executive Board of Riksbank decided to hold the repo rate at zero percent. Read More →

U.S. Consumer Prices Rise 0.3% Amid Continued Spike In Gas Prices

With gasoline prices continuing to spike, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased in line with economist estimates in the month of January. The Labor Department said its consumer price index rose Read More →

Dollar Stays Subdued Despite Recovering From Early Weakness

After falling against other major currencies in the Asian session, the U.S. dollar recovered and pared most of its losses as the day progressed on Wednesday.Original Article Read More →

Powell Argues Strong Labor Market Requires More Than Supportive Monetary Policy

Federal Reserve Chair Jerome Powell said Wednesday that maintaining "patiently accommodative monetary policy" will be important to returning to a strong labor market but argued more needs to be done.Original Article Read More →

Australia Building Permits Spike 10.9% In December

The total number of building permits issued in Australia climbed a seasonally adjusted 10.9 percent on month in December, the Australian Bureau of Statistics said on Wednesday - standing at 19,537.Original Article Read More →

German Exports Rise In December

Germany's exports managed to grow in December, despite restrictions imposed to contain the coronavirus pandemic, underpinned by demand from China and the U.S. data from Destatis revealed on Tuesday. Exports gained 0.1 percent on month, slower than the 2.3 percent Read More →