Forex News and Rumors

China’s Foreign Reserves Pass $2 Trillion

China’s foreign currency reserves – already the world’ largest – now exceed $2 trillion according to the People’s Bank of China. The increase is due mostly to a return to China of foreign investment and moves by the Bank of China to prevent the yuan from appreciating. More

US Consumer Prices Rise 0.7 Percent

The US Commerce Department announced that consumer prices jumped by 0.7 percent in June compared to the expected 0.6 percent increase. More

UK Unemployment on the Rise

The Office for National Statistics said today that unemployment in the UK rose by a record 281,000 to 2.38 million in the three month period ending in May. UK’s unemployment rate is now 7.6 percent – the highest in more than ten years. More

Canada’s Inflation Rate to Fall Into Negative Range

This Friday, Statistics Canada will release the country’s latest inflation rate and analysts are predicting that the annual rate will fall to negative 0.3 percent. However, analysts are also predicting that this dip into negative territory will be short-lived and is based mostly on the much higher cost of oil and energy products this time last year. More

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.