The European economic docket will feature inflation and Gross Domestic Product data for Spain, Italy and Germany, as well as GDPfigures for the Eurozone.Later in the day, ADP Employment Change data from the US will be watched closely and the US Bureau of Economic Analysis will publish the first estimate of the annualized GDP growth for the third quarter.
2% on a quarterly basis in the third quarter. This reading followed the 1% increase recorded in the second quarter and came in slightly below the market expectation of 0.3%. On a yearly basis, the CPI rose 2.8%, compared to analysts' estimate of 2.9%. AUD/USD stays under modest bearish pressure and trades near 0.6550 in the European morning on Wednesday. USD/JPY failed to gather directional momentum and ended the day flat on Tuesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Japanese Yen selling pauses, market attention shifts to PMI dataHere is what you need to know on Thursday, October 24: After suffering large losses against its major rivals on Wednesday, the Japanese Yen (JPY) stages a rebound early Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: Japanese Yen selling pauses, market attention shifts to PMI dataHere is what you need to know on Thursday, October 24: After suffering large losses against its major rivals on Wednesday, the Japanese Yen (JPY) stages a rebound early Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: ECB policy decisions, US data to lift market volatilityHere is what you need to know on Thursday, October 17: The US Dollar (USD) continued to gather strength against its major rivals midweek, with the USD Index rising 0.3% to register its highest daily close in over two months on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: Major currency pairs stay calm to start week, partial market holiday in USHere is what you need to know on Monday, October 14: Major currency pairs trade near the previous week's closing levels to start the new week.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: Focus now shifts to the US labour market and real economyThe US dollar held steady, finishing almost unchanged from Monday’s close.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: The UK labour market report takes centre stageThe Greenback extended its monthly recovery on the back of the persevering risk-off mood in the FX universe, while investors warmed up for key upcoming US data releases as well as Fed speakers.
Source: FXStreetNews - 🏆 14. / 72 Read more »