It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
South Korea factory output inches up at the fastest annual rate in four years
South Korea's September factory output managed to ascend from September. It demonstrated the fastest annual leap for four years. That’s what Statistics Korea unveiled on Tuesday.
Factory output surpassed a 4.7% estimate and grew 8.4% from 2016 on what a Statistics Korea official told was a base-year effect.
As a matter of fact, output only ascended a seasonally adjusted 0.1% from August, which is far below the 2.4% observed in a Reuters survey.
The "super-cycle" in memory chips has appeared to be a particular miracle for the South Korean economy specializing in hi-tech exports. The country’s GDP rallied over the July-September period, demonstrating the fastest rate for seven years.
The chip boom actually assisted Samsung Electronics in booking a record operating revenue in the third quarter because tight supply as well as strong demand for semi-conductors powered revenue.
This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.
The weekly indicator of consumer confidence from ANZ rallied by 0…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…