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The dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation... -May 30, 2024 at 08:57 pm EDT - MarketScreener
LONDON (Reuters) -The dollar firmed on Friday as traders await key inflation data after a downward revision to first-quarter U.S. economic growth suggested the Federal Reserve could still be on track to cut interest rates this year. Meanwhile, the euro edged lower ahead of euro zone inflation data due at 0900 GMT, which could firm expectations for an European Central Bank rate cut next week. Investors are awaiting the release of the Fed's preferred measure of inflation, the Personal Consumption Expenditures (PCE) price index, due at 1230 GMT, for further indications on how the central b...
Australian retail sales crept higher in April as shoppers stayed frugal in the face of high borrowing costs and rising rents, another sign household spending will add little to economic growth... -May 27, 2024 at 10:11 pm EDT - MarketScreener
According to data released by Australian Bureau of Statistics (ABS) on Tuesday, the retail sales rose 0.1% in April from March, when they fell 0.4%, though the market prediction was a rise of 0.2%.
By Megumi Fujikawa TOKYO--Japan's consumer inflation grew at a slower pace in April, but remained above the Bank of Japan's 2% target amid growing expectations over additional interest-rate...