Iceland Wage Growth Slows In August

Iceland’s wage growth eased in August after accelerating in the previous month, figures from Statistics Iceland showed on Friday. The wage cost index climbed 6.0 percent year-over-year in August, following a 6.3 percent rise in the previous month. In June, the rate of increase was 5.9 percent. On a monthly basis, the wage index edged ...

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Canadian Dollar Higher After Strong Retail Sales

The Canadian dollar strengthened against its major counterparts in the European session on Friday, as nation’s retail sales grew in July following a fall last month, driven by higher sales at food and beverage stores and gasoline stations. Data from Statistics Canada showed that retail sales rose 0.3 percent on ...

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Iceland Wage Growth Slows In August

Iceland’s wage growth eased in August after accelerating in the previous month, figures from Statistics Iceland showed on Friday. The wage cost index climbed 6.0 percent year-over-year in August, following a 6.3 percent rise in the previous month. In June, the rate of increase was 5.9 percent. On a monthly ...

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Eurozone Private Sector Growth Weakens On Manufacturing

Eurozone private sector grew at the second-weakest pace since late-2016 as manufacturing growth was subdued by stagnating export orders, flash survey data from IHS Markit showed Friday. The composite output index fell to 54.2 in September, while the score was forecast to remain unchanged at 54.5. Although the reading was ...

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Gold Subdued Despite Dollar Weakness

Gold prices were subdued on Friday to hover below a one-week high even as the dollar weakened against most of its rivals on receding fears of full-blown China-U.S. trade war. Markets veered around to the view that the U.S.-China trade row would be less harmful to global growth than first ...

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Euro Retreats Vs Most Majors Ahead Of Eurozone PMI

At 4.00 am ET Friday, Eurozone flash PMI results are due. The composite reading is seen at 54.5 in September, unchanged from August. Ahead of the data, the euro traded mixed against its major rivals. While the euro retreated against the greenback, the franc and the yen, it rose against ...

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Australian Dollar Climbs After S&P Rating Upgrade

The Australian dollar strengthened against its most major counterparts in the Asian session on Friday, after S&P Global Ratings raised Australia’s sovereign rating outlook as it expects the federal budget balance to return to surplus by early 2020s. The credit ratings of the nation was affirmed at ‘AAA’ and the ...

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Dutch Q2 GDP Growth Revised Up

Dutch economic growth accelerated more than initially estimated in the three months ended June, final data from the Central Bureau of Statistics showed Friday. Gross domestic product expanded 0.8 percent sequentially, instead of 0.7 percent estimated previously. This was also faster than the 0.6 percent growth logged a quarter ago. ...

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