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New Zealand Inflation Data Due On Tuesday
(RTTNews) - New Zealand will on Tuesday release Q3 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
Inflation is expected to have risen 1.6 percent on quarter and 6.6 percent on year, easing from 1.7 percent on quarter and 7.3 percent on year in the three months prior.
The Reserve Bank of Australia will release the minutes from its monetary policy meeting on October 4.
At the meeting, the RBA raised its benchmark rate by a quarter-point - lifting the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since mid-2013. The board also increased the interest rate on exchange settlement balances by 25 basis points to 2.50 percent.
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Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
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1 day ago
Swiss Market Ends Sharply Lower
The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
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2 days ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment
European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
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2 days ago
Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
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2 days ago
Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
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2 days ago
Pound Falls As U.K. Economy Contracts For Second Straight Month
The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
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2 days ago
Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
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2 days ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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