The Consumer Price Index (CPI) rose 0.6% month-on-month (m/m) in August, in line with the consensus forecast. On a 12-month basis, CPI inched 0.4 percentage points (pp) higher to 3.7% . Energy prices (+5.6% m/m) were a big factor driving last month’s acceleration, with prices rising at its fastest pace since June 2022. Meanwhile, food prices […]
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Switzerland’s economy maintained steady growth in Q4, with GDP expanding 0.5% qoq when adjusted for sporting events. Without the adjustment, GDP rose 0.2% qoq, in-line with expectations. Private consumption increased by 0.5%, supported by higher Read more…
USD/JPY is consolidating near 149.33 on Thursday, with the yen pausing its rally while holding near four-month highs against the USD. This stabilisation follows renewed support for the US dollar amid concerns that US President Read more…
As shown on the XAU/USD chart, the price of gold per ounce has already fallen by more than 1% today. This bearish sentiment may be driven by: → A strengthening US dollar, influenced by President Read more…