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Euro Steady Ahead Of Eurozone CPI

Eurostat will release Eurozone final inflation data for October at 5:00 am ET Friday. Ahead of the data, the euro held steady against its major counterparts. The euro was worth 128.60 against the yen, 1.1424 against the franc, 1.1343 against the greenback and 0.8867 against the pound as of 4:55 am ET. The material has…

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Euro Little Changed Following Eurozone CPI

After the release of Eurozone final inflation data for October at 5:00 am ET Friday, the euro changed little against its major counterparts. The euro was trading at 128.55 against the yen, 1.1418 against the franc, 1.1335 against the greenback and 0.8857 against the pound around 5:02 am ET. The material has been provided by…

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Indonesia Raises Key Rate Unexpectedly For Sixth Time

Indonesia’s central bank hiked its key interest rate unexpectedly in November, after leaving unchanged in October following two hikes, as it tries to lower the country’s current account deficit. The Board of Governors hiked the 7-day reverse repo by 25 basis points to 6 percent, Bank Indonesia said on Thursday. Economists had expected the rate…

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Pound Sharply Down After Brexit Secretary Raab’s Resignation

The pound lost ground against its major counterparts in the European session on Thursday, as U.K. Brexit Secretary Dominic Raab and Junior Brexit minister Suella Braverman quit from the government, protesting against Prime Minister Theresa May’s Brexit plans. Raab announced that his resignation was due to disagreement over “the regulatory regime proposed for Northern Ireland”…