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M3 Money Supply increased to 5.0%

The annual growth rate of the broad monetary aggregate M3 increased to 5.0% in August 2017, from 4.5% in July, averaging 4.8% in the three months up to August. The components of M3 showed the following developments. The annual growth…

U.S. consumer confidence falls; new home sales hit eight-month low

U.S consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter. The…

UK mortgage lending higher in August

UK Finance estimates that overall gross mortgage lending in August was £24.2 billion, of which £15.1 billion was lent by High Street Banks. Accounting for seasonal factors, this figure is in the same ball park as monthly lending over the…

German Import Prices increased by 2.1%

As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 2.1% in August 2017 compared with the corresponding month of the preceding year. In July 2017 and in June 2017 the annual rates of change…

Aussie fell amid North Korea tension

The AUD/USD is trading flat early Tuesday as investors showed almost response to comments from Reserve Bank of Australia Assistant Governor Michele Bullock. She said high levels of debt leave households vulnerable to shocks. She also added that the RBA…

German Business Climate fell to 115.2

The ifo Business Climate Index fell in September from 115.9 points to 115.2 points, but still remains way above its long-term average of 102.1 points (as of 1991). Companies were less satisfied with both their current business situation and their…

Aussie little changed in a quiet Monday trade

There were no major data releases from Australia today, with Aussie being traded in a tighter range. An optimistic Reserve Bank of Australia (RBA) drove the Australian Dollar higher early in the week, but prices tumbled by the end of…

Brexit: Jeremy Corbyn urges caution on single market

Jeremy Corbyn has promised to listen to Labour members' calls to keep the UK in the EU single market - but warned it could hamper the government's ability to protect jobs and invest in industry. The Labour leader said EU…

Merkel Chastised as Far-Right Surge Taints Fourth-Term Win

Angela Merkel won a fourth term as German chancellor in a victory that was marred by the hollowing out of support for the two main parties and a surge for the populist AfD in a clear rebuke to her open-doors…

USD - Major events in the week ahead

Events that marked the week: On Tuesday Housing Starts and Building Permits data was published. Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000. This is 5.7 percent above the revised…

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