The ISM Manufacturing Index marginally improved in August, rising to 47.2 and just short of expectations of a 47.5 print. As in July, only five industries reported growth for the month, but as some larger industries grew, a smaller share of manufacturing GDP shrank relative to last month (65% vs. 86% in July). Demand continued […]
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In a speech today, BoE MPC member Catherine Mann emphasized the importance of a cautious approach to easing monetary policy, stating that it’s preferable to remain restrictive longer amid inflation uncertainties. She argued that “a Read more…
In an interview with Expresso, ECB Vice President Luis de Guindos reaffirmed the central bank’s cautious approach regarding rate cuts in the upcoming meetings. He stressed that ECB remains “fully committed” to a data-dependent strategy, Read more…
The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate Read more…