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  • Reuters

    FOREX-Euro zone inflation dents euro, dollar rises from three-month low

    The euro fell on Thursday after euro zone inflation eased by more than forecast this month, fuelling bets of early European Central Bank rate cuts, while the dollar rose from a three-month low but was still set for its biggest monthly drop in a year. Consumer price growth in the 20 nations that share the euro currency dropped to 2.4% in November from 2.9% in October, well below expectations for a fall to 2.7%. "The message from today's European CPI data is clear," said Matthew Landon, global market strategist at J.P. Morgan Private Bank.

  • Reuters

    EU proposal of 50 bln euro support for Ukraine not contested by anybody -Hahn

    The European Commission's proposal to support Ukraine with 50 billion euros ($54.6 billion) of loans and grants over the next four years is not contested by anybody, European Budget Commissioner Johannes Hahn told a news briefing on Thursday. EU governments have been haggling over a revision of the 27-nation bloc's long-term budget after the Commission proposed in mid-year that EU countries provide an extra 66 billion euros to the common budget, most of it for Ukraine.

  • FX Empire

    Pre-Christmas RBA Rate Decision Will Likely Be on Hold

    Despite accelerating headline inflation, Australia’s economy is looking good. The Reserve Bank of Australia (RBA) will likely hold the cash rate at 4.35% at its next meeting on 5 December 2023.