Economics
RBI expected to kick off rate-hike cycle with 25 bps move
The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), in a meeting where the central bank is expected to initiate an interest rate hike cycle after maintaining a status-quo so far this calendar year. According to the market consensus, the RBI […]
by Currency Hedger
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- 20 minutes ago
China Foreign Exchange Reserves Decline
China’s foreign exchange reserves fell to $3.4 trillion at the end of September 2026, down $38.1 billion from a month earlier. The State Administration of Foreign Exchange attributed the decline primarily to a stronger US dollar and surging US Treasury yields, which likely led to currency translation and asset valuation changes. Meanwhile, the People’s Bank […]
by Currency Hedger
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- 52 minutes ago
US 10-Year Yield Steadies Ahead of Fed Minutes
The yield on the 10-year US Treasury note steadied around 5.31% on Wednesday, remaining near 24-year highs as investors awaited minutes from the Federal Reserve’s latest meeting for clues on the outlook for monetary policy. Traders also monitored remarks from Fed officials, with policymakers increasingly signaling a less hawkish stance on interest rates following softer-than-expected […]
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- 1 hour ago
Steep Decline in Australia Building Permits Confirmed
Australia’s seasonally adjusted dwelling approvals fell 6.1% month-on-month to a seven-month low of 16,953 units in August 2026, matching the flash estimate and deepening from a 1.9% decline in the previous month. It was the fifth time of contraction so far this year, with approvals for private-sector dwellings excluding houses plummeting (-21.2% vs 0.8% in […]
by Currency Hedger
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- 3 hours ago
Japan Forex Reserves Fall Further in September
Japan’s official reserve assets fell by USD 29.1 billion, or 2.4%, to USD 1.178 trillion at the end of September 2026 from USD 1.208 trillion a month earlier, extending the decline following August’s record drop. The decrease was led by foreign currency reserves, which fell to USD 976.9 billion from USD 995.0 billion, with securities […]
by Currency Hedger
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- 3 hours ago
UK Construction Activity Falls Less in September
The S&P Global UK Construction PMI rose to 46.1 in September 2026 from 44.3 in August, missing expectations of 45.2 and signaling the slowest decline in construction output since January. Commercial construction showed the greatest resilience, falling only marginally, followed by civil engineering and residential construction with softer contractions. However, total new orders fell at […]
by Currency Hedger
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- 19 hours ago
Bund Yields Retreat as ECB Rate-Hike Bets Ease
Germany’s 10-year Bund yield fell to 3.45%, retreating from the 17-year highs reached last week, as turmoil in bond markets prompted investors to scale back expectations for further ECB rate hikes. Markets are now pricing in an 80% probability of another rate increase by year-end. Whereas investors had previously expected at least three further hikes […]
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- 19 hours ago
France Budget Deficit Widens in Jan-Aug
France’s state budget deficit widened to EUR 159.6 billion in the January-August period from EUR 157.5 billion a year earlier. Expenditure rose 4.4% year-on-year to EUR 362.97 billion, driven mainly by higher debt-servicing costs amid rising interest rates and inflation, increased military spending, and higher public energy service charges (CSPE). Meanwhile, general budget revenue increased […]
by Currency Hedger
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- 20 hours ago
French Construction Downturn Persists
The S&P Global France Construction PMI rose to 39.8 in September 2026 from 37.3 in August, remaining well below the 50 threshold, signaling a continued sector-wide downturn. Commercial construction was once again the weakest segment, posting a steep decline followed by residential construction, while civil engineering activity posted its slowest contraction in eight months. New […]
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- 20 hours ago
Germany Construction Activity Falls at Faster Pace
The S&P Global Germany Construction PMI fell to 43.5 in September 2026 from August’s eight-month high of 48.7. The renewed downturn in housing activity was a key drag, with the sector recording its steepest contraction since December 2024 after showing signs of stabilization in August. Commercial activity also suffered a fresh setback following a brief […]
by Currency Hedger
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- 20 hours ago