Fx Primus Rebates

Japanese Yen Drops Against Majors

The Japanese yen weakened against its major counterparts in the European session on Tuesday. Reversing from an early high of 111.73 against the greenback, the yen weakened to 112.19. The yen declined to an 11-day low of 73.85 against the kiwi and a 6-day low of 86.60 against the loonie, off its previous highs of…

Fx Primus Rebates

Hungary Central Bank Keeps Key Rate Unchanged

Hungary’s central bank left its benchmark interest rates unchanged on Tuesday, in line with economists’ expectations. The Monetary Council of the Magyar Nemzeti Bank decided to hold the base rate steady at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The overnight central bank deposit rate…

Fx Primus Rebates

Turkey Industrial Output Growth Eases In August

Turkey’s industrial output growth eased notably in August amid a slowdown in the manufacturing sector, data from the Turkish Statistical Institute showed Tuesday. Industrial production advanced 1.7 percent year-on-year in August, which was faster than the 1 percent increase economists had expected. The pace of growth slowed sharply from July’s 5.6 rise. Among the sub-indexes,…

Fx Primus Rebates

Euro Weakens After German Economic Confidence Deteriorates

The euro dropped against its major counterparts in the European session on Tuesday, as a data showed that Germany’s economic confidence weakened in October. Survey data from the Centre for European Economic Research, or ZEW, showed that the economic sentiment index fell sharply by 14.1 points to -24.7 in October. The expected score was -12.…

Fx Primus Rebates

Hungary Central Bank Keeps Key Rate Unchanged

Hungary’s central bank left its benchmark interest rates unchanged on Tuesday, in line with economists’ expectations. The Monetary Council of the Magyar Nemzeti Bank decided to hold the base rate steady at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The overnight central bank deposit rate…