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Australian Dollar rises as Trade Surplus increases in September

Australian Dollar rises as Trade Surplus increases in September

The Australian dollar (AUD) appreciated against the US dollar (USD) on Thursday, building on a gain of over 0.25% from the previous day. The stability in the AUD/USD pair followed the release of Australia’s trade balance data. In September, Australia’s trade surplus expanded to $3.938 billion, surpassing an earlier forecast of $3.85 billion and a […]

Chinese yuan’s share in global payments reaches 3.17% in September

Chinese yuan's share in global payments reaches 3.17% in September

A recent release of SWIFT data highlights that the renminbi (RMB) made up 3.17% of global payments in September, which is an increase from 2.93% previously. Analysts suggest this reflects a growing trend in using the renminbi for cross-border transactions, signaling ongoing progress in its internationalization. A report from the Bank for International Settlements (BIS) […]

September housing market shows unexpected strength, according to Zillow

September housing market shows unexpected strength, according to Zillow

Real Estate Activity Remains Strong in September September usually signals a slowdown in real estate, but this year was different. Activity stayed “unseasonably strong,” largely fueled by lower mortgage rates and a robust stock market, according to a report from Zillow. New listings in September saw a 3% rise compared to the same month last […]

Will investors be uninformed without September CPI data?

Will investors be uninformed without September CPI data?

Investors are currently unable to access crucial inflation data for September, initially set for release on Wednesday, due to a government shutdown in the U.S. Bloomberg’s economists were expecting the consumer price index from the Bureau of Labor Statistics to reflect rising inflation pressures, but instead, the BLS announced a new release date of October […]

September inflation report to be released by Trump administration despite shutdown

September inflation report to be released by Trump administration despite shutdown

The Trump administration plans to release an important inflation report later this month, despite having closed down the agency responsible for gathering essential economic data during the government shutdown. The U.S. Bureau of Labor Statistics (BLS) announced that the September Consumer Price Index (CPI) report will now be available on Friday, October 24, which is […]

September Fed minutes show a careful stance on upcoming rate reductions

September Fed minutes show a careful stance on upcoming rate reductions

Federal Reserve’s Inflation Outlook Amid Rate Cuts Minutes from the Federal Reserve’s recent monetary policy meeting were released on Wednesday, revealing that officials remain focused on achieving a 2% inflation target, even as they anticipate further interest rate cuts. In September, the Federal Open Market Committee (FOMC) decided to reduce the benchmark federal funds rate […]