Austria Wholesale Prices Rise 0.8% in July, Reversing June Decline
Austria’s wholesale prices increased by 0.8% month-on-month in July, reversing the previous month’s 0.7% decline, according to the latest data from Statistics Austria.
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Forex News
PBOC Fixes USD/CNY Reference Rate at 6.7904, Signaling Yuan Stability
The People’s Bank of China (PBOC) set the USD/CNY central parity rate at 6.7904 on Tuesday, a marginal weakening from the previous fix
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Canadian Dollar Slips as Safe-Haven Demand Boosts US Dollar
The Canadian Dollar weakened against its US counterpart on Tuesday, as renewed safe-haven demand for the US Dollar pressured the loonie. The USD/CAD
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WTI Holds Near $77.50 as Middle East Tensions Threaten Key Oil Supply Routes
West Texas Intermediate (WTI) crude oil is trading firmly near $77.50 per barrel as of [current date], supported by escalating Middle East tensions
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Yen Holds Near Weekly Low as Japan Spending Slumps; All Eyes on US Jobs Report
The Japanese yen remained pinned near its weekly low against the US dollar on Friday, following weaker-than-expected household spending data in Japan, while
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Spain’s June Industrial Output Growth Slows to 1.1% as Manufacturing Momentum Fades
Spain’s calendar-adjusted industrial output rose by 1.1% in June compared with the same month last year, down sharply from a revised 3.4% annual
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US Dollar Index Holds Above 99.50, But Bearish Pressure Remains
The US Dollar Index (DXY) is holding gains above the 99.50 level as of this writing, though the broader technical outlook remains bearish.
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Japan’s Foreign Reserves Dip Slightly to $1287.1B in July
Japan’s foreign reserves dipped to $1287.1 billion in July, down from $1287.5 billion in the previous month, according to official data released by
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Switzerland Unemployment Rate Steady at 3.1% in July, Labor Market Shows Resilience
Switzerland’s seasonally adjusted unemployment rate remained unchanged at 3.1% in July, according to data released by the State Secretariat for Economic Affairs (SECO).
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Madrid to Host Next-Generation European Digital Money Banks
Madrid has been selected as the host city for the next major gathering of European financial institutions building the future of digital money,