Euro slips after German inflation data

Quick Summary:

:The euro fell versus the dollar after German inflation data led investors to increase their bets on the European Central Bank interest rate easing cycle.

"Business confidence has lifted sharply in the wake of the Reserve Bank's turnaround on monetary policy," said Michael Gordon, a senior economist at Westpac in New Zealand.

The Reserve Bank of New Zealand had earlier this month delivered its first rate cut in more than four years and signalled more to come.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaGermanyJapanNew ZealandSpain

Topics: Rate German Month Data Fell Cent Dollar Reserve Inflation Investors Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 16:59:49 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 710 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22294449

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 1 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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