Other news

On December 2, 2022, Nonfarm and other indicators of the US labor market, employment and unemployment in Canada and the speech of Bank of Australia head will be in the spotlight.

The U.S. dollar attempts to stay above the level of 1.34 against the Loonie, or Canadian dollar (USD/CAD currency pair). However, it’s getting more difficult to do so amid the prevalent selling of the American currency.

Japan's manufacturing activity contracted in November for the first time in nearly two years, according to a private study.

After a warm November, temperatures will drop this month across Europe, and increased pressure on natural gas supplies will test the region's fragile energy networks.

It’s reported that the inflation held the Germans back from non-essential goods. Thus, the retail sales figure for October was significantly lower than predicted.

Commerzbank economists report that the Swiss National Bank (SNB) intends to continue fighting against excessive inflation.

Nationwide Building Society reported that housing costs in the UK have plummeted more than experts anticipated. The first fall in prices took place at the beginning of the pandemic. It was caused by a sharp rise in borrowing costs, driving down demand in the country.

The exchange rate between the dollar and yen continues to fall. At the same time, on Thursday, BOJ’s employees expressed an opinion about the abolition of stimuli for the yen.

According to a monthly survey by Citi/YouGov, public expectations for inflation levels over the coming years have lowered.

The Bank of Mexico posted an optimistic inflation forecast on Wednesday. It is noted the cycle of rising interest rates, which began in June 2021, is nearing completion.