The Euro comes under fresh pressure on Thursday and probes again below 2022 low at 1.1121 (Jan 28) after several attempts failed to register a clear break lower. Deteriorating geopolitical situation on continuing clashes in Ukraine, fears of stronger impact of massive sanctions imposed to Russia, as energy prices continue to rise and surge in […]
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BoJ Deputy Governor Shinichi Uchida noted in parliamentary remarks that recent inflation has been driven primarily by higher import and food costs, particularly staples like rice. He acknowledged the burden on households, saying the price Read more…
China’s economic data for April revealed a patchy recovery, with retail sales rising by 5.1% yoy, falling short of the 6.0% yoy forecast and slowing from March’s 5.9% yoy. Stripping out automobiles, consumer goods sales Read more…
New Zealand’s services sector showed further signs of strain in April, with the BusinessNZ Performance of Services Index dipping from 48.9 to 48.5, well below the long-term average of 53.0. Key components of the survey Read more…