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| As on Jan 15, 2021 12:00 AM |
Your results on : Currency News |
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| Eurozone exports increased for the seventh straight month in November, first estimate from Eurostat showed Friday. Exports rose 2% on month and imports climbed 2.4% from October. The trade surplus totaled seasonally adjusted EUR 25.1 billion compared to a EUR 25.2 billion surplus in October. On a yearly basis, exports of goods decreased 1% and imports slipped 4.2% in November. The trade surplus rose to an unadjusted EUR 25.8 billion from EUR 20.2 billion in the previous year. During January to November, the trade surplus climbed to EUR 205.4 billion from EUR 198.4 billion in the same period last year. Exports and imports fell 10.2% and 11.6% respectively. Powered by Commodity Insights |
| Japan's tertiary activity fell for the sixth month in a row in November, data from the Ministry of Economy, Trade and Industry showed on Friday. The tertiary activity index declined 0.7% month-on-month in November, after a 1.6% increase in October. On a yearly basis, the tertiary activity index declined 3.7% in November, following a 1.4% fall in the previous month. Powered by Commodity Insights |
| The UK economy contracted in November, data released by the Office for National Statistics revealed Friday. Gross domestic product contracted 2.6% on month in November but slower than the 5.7%. The decline reversed a 0.6% rise posted in October. The economy contracted in November after rising for six straight months. November GDP fell back to 8.5% below the levels seen in February 2020. GDP fell 8.9% in the twelve months to November. Powered by Commodity Insights |
| The total value of overall home loans in Australia was up a seasonally adjusted 5.6% on month in November, the Australian Bureau of Statistics said on Friday - coming in at A$23.96 billion. The owner-occupied home loans rose 5.5% to A$18.34 billion, while investment lending climbed 6% to A$5.61 billion. On a yearly basis, overall lending jumped 23.7%, owner-occupied loans surged 31.4% and investment lending rose 3.9%. The business construction loans plummeted 49.6% on month and 62.1% on year to A$1.02 billion. Powered by Commodity Insights |
| Food prices index in New Zealand rose 2.9% on year in December, Statistics New Zealand said on Friday - accelerating from 2.6% in November. The data showed further that fruit and vegetable prices increased 8.9% on year. Meat, poultry, and fish prices fell 0.7% while grocery food prices increased 1.8%. On monthly basis, food prices rose by a seasonally adjusted 0.5% and by 0.1% in unadjusted terms. Powered by Commodity Insights |
| The first-time claims for US unemployment benefits rose in the week ended January 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 965,000, an increase of 181,000 from the previous week's revised level of 784,000. With this surge, jobless claims hit their highest level in last four months. Powered by Commodity Insights |
| The US Federal Reserve Chair Jerome Powell noted that the recovery of the economy from the pandemic recession is far from Fed's goals, thereby turning down any concerns that the Fed might soon withdraw some of its support for the US economy. Powered by Commodity Insights |
| The German economy saw a deep recession last year after a ten-year growth period, a latest update from Destatis showed on Thursday. Gross domestic product fell 5% in 2020 after a 0.6% rise seen in 2019. Powered by Commodity Insights |
| The Bank of Japan (BOJ) upgraded its economic assessment of three out of nine regions and downgraded one, according to the latest Regional Economic Report, released Thursday. The impact of a resurgence of Covid-19 had been pointed out recently, primarily in the services industry, the bank noted today. Powered by Commodity Insights |
| China's exports recorded strong growth in December. The exports rose 18.1% on a yearly basis in December, data from the General Administration of Customs, showed. While this marked a moderation from 21.1% in November, the overall bias in overseas demand remains firm. The imports growth improved to 6.5% from 4.5% a month ago. China's trade surplus increased to $78.17 billion from $75.4 billion in the previous month. In the year 2020, the trade surplus surged to $535 billion, hitting the highest mark since 2015. Powered by Commodity Insights |
| The total number of building permits issued in Australia rose a seasonally adjusted 2.6% on month in November, the Australian Bureau of Statistics said on Thursday - coming in at 17,205. This followed the 3.8% increase in October. Private sector houses rose 6.1%. The value of total building approved fell 8.4% in November, in seasonally adjusted terms. Non-residential building drove the decrease, falling 27.4% after a 59.3% spurt in October. Powered by Commodity Insights |
| The value of core machine orders in Japan rose a seasonally adjusted 1.5% on month in November, the Cabinet Office said on Thursday - standing at 854.8 billion yen. On a yearly basis, core machine orders slipped 11.3% following the 2.8% gain in the previous month. Government orders rose 0.4% on month and fell 2.1% on year to 249.3 billion yen, while orders from overseas moved up 5.9% on month and 25.4% on year to 978.5 billion yen Powered by Commodity Insights |
| US consumer price index rose by 0.4% in December after edging up by 0.2% in November. The Labor Department said the advance by the consumer price index was driven by an 8.4% jump in gasoline prices, which accounted for more than 60% of the overall increase. Excluding food and energy prices, the core consumer price index inched up by 0.1% in December after rising by 0.2% in November. Powered by Commodity Insights |
| Industrial production in the Eurozone rose for the seventh straight month in November. The European Union's statistics agency said the output of factories, mines and utilities across the currency area for November was 2.5% higher than in October and just 0.6% lower than in November 2019. Powered by Commodity Insights |
Germany's wholesale prices fell 1.2 percent on a yearly basis in December, following a 1.7 percent drop a month ago, Destatis reported on Wednesday. This was the slowest fall in prices since February. On a monthly basis, wholesale price growth accelerated to 0.6 percent from 0.1 percent in November. This was the second consecutive rise. Wholesale prices of petroleum products plunged 13.6 percent annually. In contrast, prices for used and residual materials surged 17.3 percent. On average in 2020, wholesale sales prices were 2.0 percent lower than in 2019. Powered by Commodity Insights |
Bank of England Governor Andrew Bailey reportedly said the third national lockdown to contain the spread of the coronavirus will delay the economic recovery. He said the second wave would 'delay, probably, the trajectory' of recovery. Although the unemployment rate is officially at 4.9 percent, the rate is likely to be around 6.5 percent, he noted. Regarding negative interest rates, he reportedly said that there is nothing to stop it at all. However there are a lot of issues with it. Powered by Commodity Insights |
| Japan's money supply rose a slightly faster pace in December, the Bank of Japan reported Wednesday. The monetary aggregate M2 gained by 9.2% annually after rising 9.1%in November.The annual growth in M3 held steady at 7.6%. Currency in circulation advanced 5.7% on year, following a 6% increase in November. The narrow measure M1 also rose 13.8% compared to a 14% spurt in the previous month. Powered by Commodity Insights |
| A measure of the public assessment of the Japanese economy dropped for the second month in a row in December, survey data from the Cabinet Office showed on Tuesday. The current conditions index of the Economy Watchers' Survey, which measures the current situation of the economy, decreased to 35.5 in December from 45.6 in November. A reading below 50 suggests pessimism. The outlook index that signals future activity edged up to 37.1 in December from 36.5 in the previous month. Powered by Commodity Insights |
UK total retail sales decreased 0.3 percent in 2020, the worst annual change since records began in 1995 due to the Covid-19 pandemic, data released by the British Retail Consortium, or BRC, showed Tuesday. Food sales grew 5.4 percent and non-food product sales were down 5 percent from the last year. In December, total sales advanced 1.8 percent and like-for-like sales grew 4.8 percent on a yearly basis. Powered by Commodity Insights |
| The value of overall bank lending in Japan rose 6.2% on year in December, the Bank of Japan said on Tuesday - coming in at 577.639 trillion yen. That's unchanged from the November reading following a downward revision from 6.3%. Excluding trusts, bank lending gained by an annual 5.9% to 501.897 trillion yen, almost unchanged from the previous month Powered by Commodity Insights |
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