Australia’s inflation eases to 3-year low in August as core inflation continues to decline
Inflation in Australia slowed significantly in August, hitting its lowest level in three years. This welcome development was largely attributed…
Thailand embarks on $14 billion digital wallet scheme to boost economy
Thailand has officially launched the first stage of its ambitious $14 billion stimulus plan aimed at revitalizing the country’s economy.…
ARB surges as Arbitrum completes major ArbOS 32 upgrade, extending weekly gains
The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets…
Global financial hubs London, New York, Hong Kong face decline as emerging Asian cities surge
The global financial landscape is undergoing a seismic shift, with traditional powerhouses such as London, New York, and Hong Kong…
OECD upgrades global growth forecast to 3.2% for 2024 as rate hikes fade and inflation falls
The Organisation for Economic Co-operation and Development (OECD) marginally increased its global growth outlook for 2024 in light of expected…
Brazil’s current account deficit hits BRL 6.6 billion in August amid soaring imports
Brazil has reported a significant current account deficit (CAD) of BRL 6.6 billion for August 2024, a sharp increase from…
Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer
Investing.com– Most Asian currencies rose slightly on Wednesday as persistent bets on interest rate cuts dented the dollar, while the…
Australia, New Zealand dollars shine on China’s stimulus boost
By Rae Wee SINGAPORE (Reuters) -The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while the yuan hit…
Dollar continues to fall; euro near multi-month high
Investing.com – The U.S. dollar weakened Wednesday, adding to the previous session’s losses, with the euro benefiting despite signs of…
Policy divergence should support GBP/USD flows – UBS
Investing.com – The Federal Reserve has started its easing cycle with a 50 basis-point cut, while the Bank of England…