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Eurozone October Inflation Confirmed Near 6-year High

Eurozone inflation accelerated in October at the fastest pace in almost six years, as estimated initially, final figures from Eurostat showed on Friday. The consumer price index rose 2.2 percent year-on-year after a 2.1 percent increase in September. Inflation was the highest since December 2012. Inflation again exceeded the European Central Bank’s target of “below,…

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Euro Retreats Following Eurozone Consumer Inflation

The euro retreated from its early highs against its major counterparts in the European session on Friday, after the release of inflation data from the euro area, which came in line with the flash estimate in October. Final figures from Eurostat showed that Eurozone inflation accelerated in October at the fastest pace in almost six…

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Gold Hits One-week High Amid Brexit Uncertainty

Gold prices rose on Friday to hover near a one-week high as Brexit turmoil and trade concerns triggered broad-based risk aversion. Spot gold rose 0.3 percent to $1,216.53 and hovered near its highest level since November 9. U.S. gold futures for December delivery were up nearly 1.5 percent at $1,216.90 per ounce. After some high…

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Dollar Little Changed Following U.S. Industrial Production

At 9:15 am ET Friday, the Federal Reserve has released U.S. industrial production for October. After the data, the greenback changed little against its major counterparts. The greenback was trading at 112.86 against the yen, 1.0022 against the franc, 1.1395 against the euro and 1.2873 against the pound around 9:17 am ET. The material has…

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Dollar Falls Ahead Of U.S. Industrial Production

At 9:15 am ET Friday, the Federal Reserve releases U.S. industrial production for October. Ahead of the data, the greenback dropped against its major counterparts. The greenback was worth 113.43 against the yen, 1.0018 against the franc, 1.1400 against the euro and 1.2874 against the pound as of 9:10 am ET. The material has been…

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Hong Kong Economic Growth Sharply Slows In Q3

Hong Kong’s economic growth slowed sharply in the third quarter on weaker consumption, figures from the Census and Statistics Department showed on Friday. Gross domestic product grew 2.9 percent year-on-year following a 3.5 percent expansion in the second quarter. The latest pace of growth was the slowest since 2016. On a seasonally adjusted quarter-to-quarter comparison,…

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ECB's Draghi Hints At Possible Inflation Slowdown

Eurozone’s growth would continue at a gradual pace, but there was a chance that core inflation may be slow in picking up in future, if uncertainty regarding the economic situation persisted, European Central Bank President Mario Draghi warned on Friday. “There is certainly no reason why the expansion in the euro area should abruptly come…