Construction Output News Today

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The risk complex regained some poise amidst a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut in September.

EU mid-market update: Most assets rally, led by crypto and metals, as bond yields climb from better than expected nonfarm payrolls.

Another positive week saw the Greenback reclaim the area beyond the 104.00 hurdle, advancing modestly on a weekly basis against the backdrop of the mixed performance in US yields and Fedspeak supporting a tighter-for-longer Fed’s stance.

The GBP/USD pair holds below the 1.2800 psychological barrier during the early Asian trading hours on Wednesday.

The Greenback extended its auspicious start of the week after US inflation figures came in hotter than expected, reinforcing further the investors’ repricing of a June rate reduction by the Federal Reserve.

Italy's construction output expanded for the fifth straight month in December, and at an accelerated pace, according to the provisional data released by the statistical office Istat on Tuesday.

The EUR/USD pair reached a fresh three-week high of 1.0809 mid-European session, as the US Dollar retained its broad weakness.

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EU Mid-Market Update: UK retail sales beat completes week of conflicting data, adding extra difficulty for a BOE in an election year.