Bank Indonesia keeps policy rate on hold at 4 pct, likely to continue with policy accommodation
Oct 13, 2020 14:19 pm UTC| Commentary Central Banks
Bank Indonesia kept its key policy rate on hold at 4 percent today for the third consecutive meeting. While the IDR has regained some ground in the past week or so, the currency continues to be the regions weakest...
U.K. employment level falls in three months to August, jobless rate rises to 4.5 pct
Oct 13, 2020 13:21 pm UTC| Commentary
The latest labor market data for the U.K. showed a more downbeat picture of the health of the labor market, than had been anticipated. The employment level dropped 153k in the three months to August its biggest quarterly...
Gold eases as dollar retreats from recent lows; investors await U.S. stimulus
Oct 13, 2020 10:08 am UTC| Commentary
Gold prices declined, extending previous session losses following a slight rebound in dollar, while investors held on to hopes of a U.S. stimulus package being eventually released. Spot gold declined 0.2 percent to...
Gold gains on U.S. stimulus hopes, markets eye U.S. unemployment benefit claims data
Oct 08, 2020 09:59 am UTC| Commentary
Gold prices rose, extending previous session gains amid renewed hopes for more U.S. stimulus, while investors awaited the weekly jobless claims data to further gauge the health of the U.S. economy. Spot gold was trading...
German industrial production falls slightly in August, likely to resume upward trend in September
Oct 07, 2020 13:07 pm UTC| Commentary
German industrial production dropped a bit in August as compared to the prior month. On a month-on-month basis, industrial production fell 0.2 percent, as compared with the consensus expectations of a rise of 1.5 percent....
Gold off 1-week low as economic uncertainty stokes risk-off sentiment
Oct 07, 2020 08:26 am UTC| Commentary
Gold prices surged, retreating from a 1-week low hit earlier in the session, boosted by renewed fears over economic recovery and uncertainty around the U.S. presidential election after President Donald Trumps COVID-19...
U.S. trade deficit widens in August on higher rise in imports
Oct 06, 2020 16:18 pm UTC| Commentary
The U.S. trade deficit widened in the month of August to USD 67.1 billion from Julys USD 63.4 billion, as imports rose more than exports. Exports rose 2.2 percent in the month, a deceleration from Julys growth of 8.3...
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