The euro area trade surplus narrowed considerably in August, owing to a sharp reduction in the surplus of machinery and vehicles, which fell from €18.0 billion to €7.8 billion. But when compared to August last year, the euro area balance decreased by just €2.0 billion. Here are the year-to-date comparisons, which still show growing conditions for the year:
This article was written by Justin Low at investinglive.com.
He’s keeping a neutral stance here highlighting the need to keep some room for additional rate cuts in case we get negative shocks in the future. Right now, he sees policy in balance.
This article was written by Giuseppe Dellamotta at investinglive.com.
This morning, the USD/CHF exchange rate slipped below 0.7944 for the first time since 1 October, as demand for safe-haven assets intensified — a trend also reflected in yesterday’s record gold price above $4,200. The traditionally stable Swiss franc is strengthening amid rising global uncertainty and risk aversion: → In Japan, the upcoming prime ministerial […]
The post USD/CHF Falls to Two-Week Low appeared first on Action Forex.
As a reminder, we had a staff-level meeting in Washington on Monday between US and Chinese officials. Both sides are trying to avoid further escalation on the matter but we haven’t got any meaningful breakthrough yet, although the de-escalation remains the base case for the markets.
This article was written by Giuseppe Dellamotta at investinglive.com.
End of content
End of content