The AUD/USD stopped the bleeding and jumped off weekly lows at around the 0.6700 figure after the US Producer Price Index report for August eased some of Tuesday’s CPI worries, which sent most risk assets to the red territory, while the US dollar rose above the 110.00 thresholds, on renewed …

It was a mixed day as far as price action goes across the cryptocurrency market on Wednesday as traders continued to digest the previous day’s pullback following a hotter than expected inflation figure which sent global financial markets tumbling. Bitcoin bulls defended the psychologically significant support at $20,000 throughout early …

Next week, the Bank of England will have its monetary policy decision. Consensus points to a 50 bps rate hike but a 75 bps is not ruled out. Analysts at Danske Bank expect fewer hikes than priced in markets as they emphasise the rising recession risk in the UK. Key …

European Central Bank’s policymaker Francois Villeroy de Galhau said on Wednesday that he estimates the euro area neutral rate at below or close to 2% and added that they could reach it by the end of the year.“Monetary normalization is fully warranted in the euro area, too early to say …

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that central bankers must be stubborn in fighting broad-based inflation, as reported by Reuters.“If fiscal policy is not targeted sufficiently, it may become the enemy of the monetary policy, fueling inflation,” Georgieva further added.These comments do not seem to …

Tuesday witnessed the biggest US dollar’s rally since 2020 on the back of fresh economic data released by the US Labour Department highlighting CPI that unexpectedly rose in August. The dollar index was up 1.5% at 109.85 in its biggest one-day percentage gain since March 2020. The American currency, however, …

US Treasury yields reacted very naturally to Tuesday’s inflation data. Yields have soared since the release of the CPI data and through the US session. The 10-year US Treasury yield rose to 3.444%, compared to the last daily close at 3.385%.The yields on these benchmark bonds fell to their lowest …

Tuesday brought CPI (Consumer Price Index) data for August, which details inflation at the consumer level. Wednesday will witness the release of the PPI (Producer Price Index) and that is inflation at the producer level. It is more interested in what manufacturers are paying for the raw materials that they …

On Wednesday, the European Commission is expected to announce targets to cut electricity consumption and a revenue cap for non-gas fueled plants. Energy ministers will hold an emergency meeting on Sept. 30 to discuss them. Germany will inaugurate lending to energy firms that are at risk of being crushed by …

Beginning on Sept. 21, the Eiffel Tower, which is usually illuminated in golden hues within less than 10 minutes of nightfall and has an hourly 5-minute show of dazzling sparkles until 1 a.m., will have its lights turned off beginning at 11:45 p.m., when visiting time has ended. The nightly …