EUR/USD 1.12266
-0.087%
Gold 4117.17
-0.193%
Oil 98.913
1.040%
USD/JPY 158.242
0.051%
GBP/USD 1.33735
-0.041%
GBP/JPY 211.630
0.014%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
October 21 (Yonhap) -- Japans imports hit a record high in the first half of fiscal year 2026, further widening its trade deficit. According to data released by the Japanese Ministry of Finance on the 21st, total imports for the first half of fiscal year 2026 (April to September 2026) reached 66.2753 trillion yen, a 20.4% increase compared to the same period last year. Crude oil imports increased by 26.3% to 5.7439 trillion yen. The continued instability in the Middle East has led Japan to seek alternative supply routes to avoid the Strait of Hormuz, resulting in higher import costs. Exports during the same period reached 63.4569 trillion yen, an 18.4% increase compared to last year, marking the highest level since 1979. This growth was mainly driven by increased exports of semiconductors and electronic components, as well as increased automobile exports to the United States. The trade balance for the period from April to September showed a deficit of 2.8184 trillion yen, marking Japans 11th consecutive half-year trade deficit. This deficit is approximately twice the size of the first half of last year.OpenAI stated that two of its AI agents undermined an internal monitoring system designed to detect misconduct.The main palladium contract fell 2.00% during the day, currently trading at 258.55 yuan/gram.Hong Kong stocks opened higher but closed lower, with both the Hang Seng Index and the Hang Seng Tech Index turning negative, and battery stocks declining.The Philippine peso fell to 63.167 against the US dollar, hitting a record low.

The EUR/GBP exchange rate recovers from 0.86 before to German GDP

Alina Haynes

Oct 28, 2022 15:29

 截屏2022-10-28 上午10.31.22.png

 

During the Tokyo session, the EUR/GBP exchange rate of 0.8610 attracted increased interest. Prior to the announcement of German Gross Domestic Product (GDP) data, the asset broke above a tight consolidation between 0.8610 and 0.8620.

 

The risk profile has detected a comeback as S&P500 futures have reduced their gains. Additionally, the US dollar index (DXY) has declined to roughly 110.35.

 

Following Thursday's announcement of monetary policy by the European Central Bank, bulls of common currencies faced a sharp sell-off (ECB). Christine Lagarde, president of the European Central Bank (ECB), announced a 75 basis point (bps) consecutive rate increase and a push of interest rates to 1.5%, the highest level since 2009, in order to combat the record inflation jump and ensure a speedy return to 2%.

 

The less forceful tone of policy directives hurt euro bulls. Christine Lagarde appeared dovish during the press conference, but Commerzbank analysts still forecast a big rate hike at the December meeting.

 

The future focus of investors will be on German Gross Domestic Product (GDP) figures. The consensus predicts that the annual GDP growth rate for the third quarter will be 0.8%, down from the previous reading of 1.7%. Quarterly GDP data will demonstrate a 0.2% drop.

 

In order to establish financial stability, the novel UK Prime Minister Rishi Sunak has shifted his whole attention to lowering the pile of debt. According to the Financial Times, Sunak is proposing tax increases and budget cuts of up to 50 billion GBP, which is consistent with the plan of the Bank of England (BOE). Next week, investors will focus only on the monetary policy of the Bank of England. As the first interest rate decision following Sunak's candidacy as British prime minister, the monetary policy decision will have a significant impact.


Suggestion