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EU Sees Eurozone Growth Gradually Easing Towards Potential

Economic growth in the euro area is set to ease gradually towards potential as the region does not display real signs of overheating that could put an untimely end to growth, the European Commission said in its Autumn forecast, published Thursday. In the near term, economic growth is expected to continue at about the same…

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Dollar Steady Ahead Of U.S. Weekly Jobless Claims

The U.S. weekly jobless claims for the week ended November 3 are due at 8:30 am ET Thursday. Ahead of the data, the greenback held steady against its major counterparts. The greenback was worth 86.76 against the yen, 1.1430 against the euro, 1.0026 against the franc and 1.3109 against the pound as of 8:25 am…

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Loonie Little Changed After Canada Housing Starts

After the release of Canada housing starts for October at 8:15 am ET Thursday, the loonie changed little against its major counterparts. The loonie was trading at 86.77 against the yen, 1.4970 against the euro, 0.9555 against the aussie and 1.3105 against the greenback around 8:16 am ET. Canada new housing price index for September…

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Loonie Steady Ahead Of Canada Housing Starts

At 8:15 am ET Thursday, Canada housing starts for October are set for release. Ahead of the data, the loonie held steady against its major counterparts. The loonie was worth 86.76 against the yen, 1.4968 against the euro, 0.9559 against the aussie and 1.3103 against the greenback as of 8:10 am ET. The material has…

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South Africa Manufacturing Output Growth Sharply Slows

South Africa’s manufacturing output barely grew in September following robust gains in the previous two months, preliminary data from Statistics South Africa showed on Thursday. Manufacturing output edged up an unadjusted 0.1 percent year-on-year in September following a 1.5 percent increase in August and a 2.7 percent gain in July. Food and beverages, iron and…

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Poland CB Holds Key Interest Rate Unchanged

Poland’s central bank left its key interest rate unchanged at a record low on Wednesday, in line with economists’ expectations. The Monetary Policy Council decided to keep the key reference rate at a record low 1.50 percent, the National Bank of Poland said. The previous change in the reference rate was a half-basis point reduction…

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Iceland Hikes Key Interest Rate To 4.5%

Iceland’s central bank hiked its key interest rate for the first time in over a year and raised its growth forecast for this year. The Monetary Policy Committee decided to raise the key interest rate, which is the rate on seven-day term deposits, by 25 basis points to 4.5 percent, the Sedlabanki said on Wednesday.…

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German Industrial Production Rises For Second Month

Germany’s industrial production unexpectedly rose for a second straight month in September, adding to the positive sentiment provided by the orders data released earlier. Production grew a calendar and seasonally adjusted 0.2 percent from the previous month, preliminary figures from the Federal Statistical Office showed on Wednesday. Economists had forecast a 0.1 percent decline. August’s…

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Italy Retail Sales Drop In September

Italy’s retail sales decreased in September for the first time in three months, preliminary figures from the statistical office ISTAT showed on Wednesday. Retail sales dropped 0.8 percent year-on-year after a revised 0.6 percent increase in August. Sales were flat in July. Food sales declined 0.3 percent and non-food sales shrunk 1.1 percent. On a…