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…

Fx Primus Rebates

Gold Prices Climb On Safe-haven Demand

Gold prices rose on Tuesday despite the U.S. dollar edging higher on firmer Treasury yields. Amid recent geopolitical turmoil and market fluctuations, it appears that the previous metal is regaining some of its safe haven lure. Spot gold was up nearly 1 percent at $1,229.64 an ounce after having touched as high as $1,233.26 on…

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Canadian Dollar Slides Amid Risk Aversion

The Canadian dollar slipped against its most major counterparts in early European deals on Monday, as rising U.S. interest rates, Brexit uncertainty, growth concerns and the Italy/EU budget row dampened risk sentiment. A growing feud between the U.S. and Saudi Arabia over the disappearance of a prominent Saudi journalist also dented sentiment. Amid little positive…

Fx Primus Rebates

Germany Manufacturing Employment Rises In August

German manufacturers added more employees during August compared to a year ago, preliminary figures the Federal Statistical Office showed on Monday. The number of employees in the manufacturing units with 50 or more persons grew by about 149,000 persons or 2.7 percent from the same period last year to 5.7 million. The number of hours…

Fx Primus Rebates

Bulgaria Inflation Accelerates In September

Bulgaria’s inflation accelerated in September after remaining steady in the previous month, preliminary data from the National Statistical Institute showed on Monday. The consumer price index rose 3.6 percent year-on-year following 3.5 percent in both July and August. The transport sub-group logged the biggest increase of 8.4 percent, followed by restaurants and hotels with a…