Source: Bureau of Labor Statistics Inflation decelerated in August to carve a seven-month low, with core inflation posting its smallest climb since February. XLY is up 0.02%, while VCR is down 0.14%. The Consumer Price Index for All Urban Consumers (CPI-U) stood at 0.3% in August, the lowest since the 0.3% in January. This compares with 0.5% in July and 0.4% in August.The … [Read more...] about Inflation Cools to Seven-Month Low 0.3% in August
Forex News
UK Payrolls Climb for Ninth Straight Month, But Job Vacancies Surge to All-Time High
Source: Office for National Statistics Payroll employees climbed for the ninth straight month to return to pre-pandemic levels in August, but job vacancies climbed to all-time highs. EWU is up 0.86%. Payroll employees jumped 241,000 to 29.1 million, marking a return to levels seen before the COVID-19 pandemic in February 2020.Growth was seen in all regions which also rose … [Read more...] about UK Payrolls Climb for Ninth Straight Month, But Job Vacancies Surge to All-Time High
GBPUSD Forecast Ahead of the UK Consumer Inflation Data
The GBPUSD price held steady on Tuesday morning as investors waited for the upcoming American and UK consumer inflation data. The market is also paying a close attention to the emerging Brexit wrangles between the UK and the European Union. It is trading at 1.3845, which is slightly above last week’s low of 1.3800. US Inflation data Inflation numbers are closely watched … [Read more...] about GBPUSD Forecast Ahead of the UK Consumer Inflation Data
India and Singapore Integrate Their Payment Systems to Boost $1Billion Flows
Source: Bloomberg. India and Singapore will integrate their fast-payment systems to enhance cross-border payments and remittance flows, which amount to over $1 billion each year.Sensex up +0.12%, Nifty_50 up +0.14%, SGX up +0.20% India’s Unified Payments Interface will be linked with Singapore’s PayNow by July 2022 to enable users to make instant, low-cost fund transfers … [Read more...] about India and Singapore Integrate Their Payment Systems to Boost $1Billion Flows
3-Year Inflationary Expectations in the US Climb to the Highest since 2013
Source: Reuters US consumers are less upbeat on consumer prices, with the change over the next year and following three years rising to the highest since 2013. SPY is up 0.034%, DXY is down 0.04%. Year-ahead expectations of inflation rose for the 10th straight month, hitting a median of 5.2% in August. Inflation expectations over the next three years rose to a median of … [Read more...] about 3-Year Inflationary Expectations in the US Climb to the Highest since 2013
