Singapore Export Prices for August increased 14.2% annualized, and Singapore Import Prices increased 12.8% annualized. Forex traders can compare this to Singapore Export Prices for July, which increased 12.9% annualized, and Singapore Import Prices, which increased 12.9% annualized. The Singapore PPI for August increased by 17.0% annualized. Forex traders can compare this to the Singapore PPI for July, which increased 17.1% annualized.
EUR/USD is trading near the bottom of the September range, which is near the yearly low at 1.1663. The short-term sentiment remains neutral with a bearish bias as the pair has attracted sellers near the moderately bearish 20 SMA at 1.1720.
Australian Retail Sales for August decreased 1.7% monthly. Economists predicted a decrease of 2.5% monthly. Forex traders can compare this to Australian Retail Sales for July, which decreased 2.7% monthly.
As stated by the head of the SNB T. Jordan, commenting on the results of the Swiss central bank's monetary policy meeting: At the moment, the course of the expansionary monetary policy of the central bank is correct and there is no reason to change it.
The New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to Exports for July, reported at NZ$5.77B, and Imports, reported at NZ$6.17B.
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