No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
In November, retail sales in the U.K. increased sharply amid promotions for Christmas and the World Cup. However, it failed to outpace the current rate of inflation.
New Zealand authorities intend to fight the price growth in the construction industry. It is planned to simplify the procedure for introducing goods to the market to reach this goal.
Temperatures in the U.K. and other northern European countries are expected to plummet below zero this week. The cold snap will boost energy demand and test the region's ability to withstand adverse weather conditions.
Against the background of increased demand in the field of mechanical engineering, the number of orders in October for the U.S.-made goods also increased. Moreover, the growth exceeded analysts' expectations. Thus, fears of a possible production slowdown were unfounded.
The Canadian dollar fell by 1% against the US dollar, reaching its lowest value in six days. This is due to investors' worries, who expect to see further rate hikes amid signs of economic resilience in the United States.
The recent data on the U.S. economy reinforced investors’ expectations of the further interest rate hikes by the Federal Reserve system. As a result, there was a decline in treasury yields registered on Monday.
USDCHF broke through the bottom of the key support zone at 0.9355. Credit Suisse analysts expect that the currency pair awaits more decline next month.
The U.S. dollar moved lower again last week. However, economists at TD Securities believe the currency is going to strengthen ahead of the Consumer Price Index (CPI) data for November and the Federal Reserve (Fed) meeting in December.
At its December meeting, the Reserve Bank of Australia (RBA) raised interest rates by 25 basis points to a 10-year peak of 3.1%.
It’s reported that the rise in gold has started to slow down. TD Securities economists say the XAUUSD pair could become risky for bulls.