Monthly archive June, 2023

Following last week's widely expected pause, the Federal Reserve is likely to resume raising interest rates later this year, Fed Chair Jerome Powell said during testimony before the House Financial Services Committee on Wednesday.Original Article Read More →

The U.S. dollar firmed against most of its major counterparts on Tuesday after stronger-than-expected housing starts and building permits data raised expectations for a rate hike by the Federal Reserve next month.Original Article Read More →

Producer prices from Germany and current account from the euro area are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for May. Economists forecast producer price inflation to ease Read More →

British housing affordability constraints as well as fading price expectations among sellers brought forward the usual summer slowdown, property website Rightmove said on Monday. House prices dropped only GBP 82 in June, Rightmove said. This marked the first monthly decrease Read More →

The Japanese yen weakened against other major currencies in the Asian session on Friday, as the Bank of Japan continued to maintain its ultra-loose monetary policy at the end of the June monetary policy meeting held today.Original Article Read More →

Eurozone inflation slowed to a 15-month low in May due to the fall in energy prices, final data from Eurostat confirmed on Friday. The harmonized index of consumer prices increased 6.1 percent year-on-year in May, weaker than the 7.0 percent Read More →