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UK Unemployment Rate steadies at 4.7% in the quarter to June vs. 4.7% expected
The United Kingdom’s (UK) ILO Unemployment steadied at 4.7% in the three months to June after reporting 4.7% in the quarter to May, data published by the Office for National Statistics (ONS) showed on Tuesday.Fxstreet
Tue, Aug 12
ANALYSIS-China factories cut shifts and workers' pay as US tariffs bite
Chinese exporters cut wage costs to stay competitiveUnderemployment is hidden deflationary force, analysts sayTemporary jobs pay less than last year as tariffs biteBy David Kirton GUANGZHOU, China, Aug 12 (Reuters) - Mike Chai aims to cut wage costs at his kitchen cabinet factory by about 30% to ...Reuters
Tue, Aug 12
JGBs inch down amid caution for US inflation data
By Junko FujitaTOKYO, Aug 12 (Reuters) - Japanese government bonds inched lower on Tuesday as investors awaited a key U.S. consumer inflation report later in the day to assess the outlook for interest rates. The two-year JGB yield JP2YTN=JBTC rose 0.5 basis point (bp) to 0.77% and the five-year yie...Reuters
Tue, Aug 12
EUR/JPY rises to near 172.50 as trade tensions ease, Japanese Yen weakens
EUR/JPY extends its gains for the third successive session, trading around 172.50 during the Asian hours on Tuesday. The currency cross gains ground as the Japanese Yen (JPY) depreciates due to lessened safe-haven demand, driven by dampening global trade concerns.
Fxstreet
Tue, Aug 12
WRAPUP 1 -US consumer prices likely increased marginally in July; data quality concerns rising
Consumer price index forecast increasing 0.2% in JulyCPI excluding food and energy expected to have risen 0.3%BLS uses imputations to fill data gaps, raising volatility concernsBy Lucia Mutikani WASHINGTON, Aug 12 (Reuters) - U.S. consumer prices likely increased moderately in July, though rising...Reuters
Tue, Aug 12
Trump picks Heritage economist Antoni to lead US labor statistics agency
Antoni's nomination raises concerns among economistsAntoni part of controversial Project 2025BLS faces scrutiny over data quality and reliabilityBy Dan Burns and Lucia Mutikani WASHINGTON, Aug 11 (Reuters) - U.S. President Donald Trump on Monday said he was nominating economist E.J. Antoni as...Reuters
Tue, Aug 12
Australia business mood brightens as activity holds up
SYDNEY, Aug 12 (Reuters) - A measure of Australian business confidence rose to a three-year high in July thanks to strength in services and construction, a survey showed on Tuesday, though rising costs also put upward pressure on retail prices.Reuters
Tue, Aug 12
RBA expected to cut interest rate as inflation cools, unemployment rises
The Reserve Bank of Australia (RBA) is expected to announce a 25 basis points (bps) cut to the Official Cash Rate (OCR) to 3.6% from 3.85% following the conclusion of its August monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.Fxstreet
Tue, Aug 12
