The Reserve Bank of New Zealand (RBNZ) is expected to increase its official cash rate (OCR) in August 2022. Household debt-to-income reached 165.60 into 2021, up from 162.60 as mortgage borrowing reached NZ$10.487 billion in March 2021.US banks may cut down up to 200,000 jobs by 2030 due to Fintech integration post-pandemic. The NZD/USD traded at a -0.61% price change … [Read more...] about NZD/USD: New Zealand Taps Down Migrant Labor as Dollar Gains
Forex News
Euro Zone Enters Technical Recession As Employment Declines
The euro zone economy contracted for the second consecutive quarter in the first three months of the year to mark a technical recession, according to data released by Eurostat. The Euro area economy contracted by 0.6% in the first quarter, following the 0.7% decline in the fourth quarter of 2020.The gross domestic product of the European Union shrank by 0.4% in the first … [Read more...] about Euro Zone Enters Technical Recession As Employment Declines
U.S. Homebuilding Posts Modest Growth To Mark Three-Month High In April
Homebuilding in the United States posted modest monthly gains in April as starts and completions fell from the previous month, according to the Census Bureau. Building permits for housing units stood at 1.760 million in April, 0.3% higher than in March and 60.9% higher than the same month in 2020.The latest reading is the highest since the 1.883 million permits recorded in … [Read more...] about U.S. Homebuilding Posts Modest Growth To Mark Three-Month High In April
UK Unemployment Drops To 4.8% In First Quarter As Less Jobless Individuals Look For Employment
The United Kingdom opened 2021 with less jobless people as more employees returned to work with government support, the Office for National Statistics reported. The unemployment rate stood at 4.8% in the first quarter, 0.3 percentage points lower than the last quarter of 2020.The latest print is 0.8 percentage points higher than the previous year.The unemployment rate … [Read more...] about UK Unemployment Drops To 4.8% In First Quarter As Less Jobless Individuals Look For Employment
EU Grants Ceasefire With US Over Trump’s Steel Tariffs: Solutions Targeted This Year
The European Union has agreed to suspend retaliatory tariffs to make room for discussions with the United States over measures imposed by former President Donald Trump, CNBC reported. The European Commission Spokesperson Valdis Dombrovskis on Twitter said the European Union will suspend tariffs on American steel and aluminum.Dombrovskis said the suspension will make space … [Read more...] about EU Grants Ceasefire With US Over Trump’s Steel Tariffs: Solutions Targeted This Year
