Ecuador Inflation Rate YoY
Food and non-alcoholic beverages (25.1% of the total weight), transportation (13.6%), housing, water, electricity, gas, and other fuels (10.2%), and clothing and footwear (9%), are the primary components of the consumer price index in Ecuador. Among the industries represented are restaurants and hotels (which account for 6.8%), education (6.78%), furniture and household equipment (6.1%), and health care (6%). Recreation and culture (5.9%), other goods and services (5.2%), communications (4.4%), and alcoholic beverages, tobacco, and narcotics (0.9%) are among the other categories. As of 2004, the national index has a 100-point starting point. Price and spending patterns in eight typical cities, which account for 67.44% of the country's urban population, are reflected in the Consumer Price Index (CPI). The eight cities include Quito, Guayaquil, Cuenca, Machala, Esmeraldas, Manta, Ambato, and Loja.
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Forex Sentiment (USD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1383 -236 pips |
1.1612 +7 pips |
1.16190 | |
| GBPUSD |
|
|
1.2949 -220 pips |
1.3411 -242 pips |
1.31690 | |
| USDJPY |
|
|
150.4468 -410 pips |
153.0080 +154 pips |
154.547 | |
| USDCAD |
|
|
1.3902 -119 pips |
1.4103 -82 pips |
1.40210 | |
| AUDUSD |
|
|
0.6455 -81 pips |
0.6593 -57 pips |
0.65360 | |
| NZDUSD |
|
|
0.5681 +1 pips |
0.5814 -134 pips |
0.56797 | |
| USDCHF |
|
|
0.7972 +34 pips |
0.8225 -287 pips |
0.79380 | |
| USDCZK |
|
|
20.8282 +385 pips |
21.6296 -8399 pips |
20.78970 | |
| USDHUF |
|
|
352.8740 +2229 pips |
354.4455 -2387 pips |
330.58 | |
| USDMXN |
|
|
18.3230 +317 pips |
19.0298 -7385 pips |
18.2913 |
News (USD)
U.S. Consumer Sentiment Drops To Near-Record Low In November
Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of November, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slid to 50.3 in November after falling to 53.6 in October. Economists had expected the index to edge down to 53.2.
RTTNews | 7 days ago
U.S. Service Sector Activity Returns To Expansion In October
The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | 9 days ago
U.S. Private Sector Employment Rebounds More Than Expected In October
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | 9 days ago
