NATO members to boost defense spending ‘considerably more than 3 percent’ of their GDP: report
NATO members are “Over 3%” Of their GDP, the alliance's executive director, Mark Latte, said on Saturday. The Alliance Chief's warning was days after Defense Secretary Pete Hegses failed to “take key responsibility” for European defense, ripping it to the NATO allies for seeking a 5% minimum GDP spending target. It's here. That amount is […]
Forex Today: Eurozone GDP and US Retail Sales data to wrap up volatile week – FXStreet
Here's what you need to know on Friday, February 14th: The US dollar has remained stable on Friday's European morning after suffering a major loss against its major rivals on Thursday. Eurostat will release preemption changes and gross domestic product (GDP) data in the fourth quarter. Later in the session, the US Economic Calendar will […]
Pound Sterling strengthens on upbeat UK GDP data, risk-on market mood – FXStreet
Sterling of the pound has made progress as the UK's GDP rose at a robust pace in December and an astonishing expansion in the last quarter. Boe's Greene and Pill have led a gradually more cautious approach to interest rate reductions. Investors are volatility as the US president is poised to announce mutual tariffs. Pound […]
Rachel Reeves’ plans for the UK: all growth, no green? – podcast | Economic growth (GDP)
Prior to today's groundbreaking speech, Rachel Reeves informs that he is ready to be ruthless to grow the economy. She talked about the reduction of regulations, promoting architectural projects, and finally saw a new runway in Heathrow. All amazing measures from the government that defended their Green Agenda while opposed. Heather StewartThe Guardian's economic editor […]
Trump at WEF Calls on NATO Countries to Up Contributions to 5% GDP
President Donald Trump is asking members of the North Atlantic Treaty Organization (NATO) to increase NATO's contribution to 5% of gross domestic product (GDP). Trump made the request to his NATO allies on Thursday while speaking virtually before Klaus Schwab's globalist World Economic Forum (WEF) in Davos, Switzerland. “I'm also going to ask all NATO […]
Australian Dollar remains steady after recovering losses, US GDP Annualized eyed – FXStreet
The Australian dollar recovered its daily losses after Thursday's announcement of consumer inflation expectations. Australian consumer inflation expectations rose to 4.2% in December, up from a previous rise of 3.8%. The US dollar index (DXY) hit 108.28 on Thursday, its highest since November 2022. The Australian dollar (AUD) narrowed its daily decline following Thursday's announcement […]
Pound Sterling slumps as UK GDP, factory output unexpectedly contract in October – FXStreet
The pound slumped after data showed the UK's monthly GDP fell by an astonishing 0.1% in October. British industrial and manufacturing production also fell month-on-month in October. Investors expect the Fed to pause policy easing in January after cutting rates next Wednesday. The British pound (GBP) fell sharply against major currencies on Friday after Britain's […]
Japanese Yen ticks higher after revised Japan’s Q3 GDP; lacks follow-through – FXStreet
Following the upward revision of Japan's third quarter GDP, the Japanese yen rose slightly. The recent decline in US Treasury yields has hurt the US dollar and also benefited the yen. Questions about the Bank of Japan's ability to raise interest rates are further limiting the yen's upside. The Japanese yen (JPY) continues to struggle […]
USD/CAD finds temporary support below 1.4000, Canadian Q3 GDP in focus – FXStreet
USD/CAD provided a temporary cushion around 1.3980 as investors await Canadian monthly data and Q3 GDP data. Canada's economy is estimated to have grown 1% compared to the same quarter in the precious year, slower than the 2.1% growth in the second quarter. Given the strong fundamental outlook, the US dollar could rebound. The USD/CAD […]
USD/CAD drops even though US Dollar rebounds, Canadian Q3 GDP in focus – FXStreet
The Canadian dollar strengthened on expectations for healthy trade negotiations with the US, while the USD/CAD pair fell. Economists expect Canada's economy to grow by 1% in the third quarter of this year. The US dollar recovered despite slow trading due to Thanksgiving. Despite decent recovery moves in the US dollar (USD), the USD/CAD pair […]