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 |
|
|
1.0715 -36 pips |
1.0802 -51 pips |
1.07507 | |
| GBPUSD |
|
|
1.2428 -69 pips |
1.2554 -57 pips |
1.24975 | |
| USDJPY |
|
|
149.9541 -557 pips |
153.6912 +183 pips |
155.520 | |
| USDCAD |
|
|
1.3621 -101 pips |
1.3730 -8 pips |
1.37222 | |
| AUDUSD |
|
|
0.6533 -47 pips |
0.6609 -29 pips |
0.65796 | |
| NZDUSD |
|
|
0.5972 -26 pips |
0.6074 -76 pips |
0.59982 | |
| USDCHF |
|
|
0.8924 -152 pips |
0.9133 -57 pips |
0.90765 | |
| USDCZK |
|
|
23.7075 +4407 pips |
23.2889 -221 pips |
23.26679 | |
| USDHUF |
|
|
357.5700 -363 pips |
366.3243 -512 pips |
361.20 | |
| USDMXN |
|
|
16.9483 +230 pips |
18.7823 -18570 pips |
16.9253 |
News (USD)
U.S. Wholesale Inventories Decrease 0.4% In March, In Line With Estimates
The Commerce Department released a report on Wednesday showing a pullback by U.S. wholesale inventories in the month of March. The report said wholesale inventories fell by 0.4 percent in March after rising by 0.2 percent in February. The decrease by wholesale inventories matched economist estimates.
RTTNews | 5h 18min ago
U.S. Mortgage Applications Rebound By 2.6% In Week Ended 5/3
Mortgage applications in the U.S. saw a notable rebound in the week ended May 3rd, according to a report released by the Mortgage Bankers Association on Wednesday.
RTTNews | 6h 22min ago
U.S. Service Sector Activity Contracts For First Time Since December 2022
After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday. The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
RTTNews | 5 days ago
