The Australian economy added 47,500 jobs in August, beating estimates of 26,400. RBA remained cautious as other major central banks reduced borrowing costs. The US central bank cut borrowing costs…

The US Federal Reserve finally cut borrowing costs by 50 basis points after months of market speculation. Powell said the big cuts were meant to keep unemployment under control. At…

Services inflation in the UK rose by 5.6%, above expectations for a 5.5% increase. The Bank of England is likely to keep rates unchanged this week. US sales rose 0.1%…

Inflation in Canada fell by 0.2% month-on-month, surprising economists who had expected no change. The data revealed that US retail sales unexpectedly rose by 0.1%. The probability of a 50…

The Canadian dollar remained muted ahead of key inflation data. Canadian price pressures could cool from 2.5% in July to 2.1% in August. The dollar is under pressure as market…

The dollar was on the back foot as traders positioned themselves ahead of the FOMC policy meeting. Economists forecast a 0.2% drop in US retail sales. Forecasts show that consumer…

Last week, the dollar lost about 1.3% against the yen. The news revealed a strong chance of a 50 bps Fed rate cut. The Bank of Japan will meet on…

ECB President Christine Lagarde said there is no predetermined path for interest rate cuts. The probability of another 25 basis point ECB rate cut fell from 30% to 20%. Former…

The UK labor market has shown resilience, with jobless claims falling. US data showed higher than expected consumer and producer prices. Experts believe that the US central bank will cut…

The dollar fell on renewed bets on a September Fed rate cut of 50 bps. Several Bank of Japan policymakers have sought support for more rate hikes. Investors will focus…