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USD/CHF continues to move on the downward trajectory that began last week, trading lower around 0.9010 during the Asian session on Thursday. The pair
Imported fuel prices accelerated 6.7% last month, the largest increase since March 2022, after rising 2.2% in July. Food prices gained 0.7%. Excluding fuels and food, import prices decreased 0.2% after a similar decline in July.
The Inflation theme for the current 6 week economic cycle is up by 0.10 or 1/10. Up by 0.10 applies to Europe, Swiss, China, Canada and the United Sta
U.S. manufacturing output barely rose in August amid a decline in motor vehicle production, and activity could contract in the months ahead after the United Auto Workers (UAW) union embarked on strikes at three factories on Friday. The strikes, which for now only involve 12,700 of the affected 146,000 UAW members, were launched at a time when manufacturing is already struggling under the weight of the Federal Reserve's hefty interest rate increases, which have reduced demand for goods, typically
Australian Dollar rises broadly today, as lifted by stronger than expected headline employment data. But the details are less impressive, as the vast majority of job growth were part-time, while hours worked decline. That's nonetheless welcome news for RBA, as the job markets while starting to cool, appeared to have absorb prior rate hikes well. Meanwhile, it's still too early to judge if RBA would deliver one more final hike in the cycle, until getting more Q3 data as a whole.