EUR/USD rises strongly on Euro's (EUR) upbeat performance after the release of the better-than-expected Eurozone flash Q3 GDP data.

The Eurozone economy grows by 0.4% in the three months to September of 2024, following a 0.2% expansion in the second quarter, the preliminary estimate released by Eurostat showed on Wednesday.

Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.

Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.

Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations.

The Paris Olympics, sustained “revenge spending” on tourism and surprising strength in German domestic demand help offset a slump in manufacturing.

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2% on a yearly basis in October from 1.6% in September, Destatis' flash estimate showed on Wednesday.

Australia's consumer price inflation rate fell to its lowest since early 2021 in the third quarter on government’s electricity rebates and a drop in gasoline prices, UOB Group’s Economist Lee Sue Ann note.

The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.

AUD/JPY extends its losses for the second successive session, trading around 100.50 during the early European hours on Wednesday.

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.

The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.

The German economy expanded by 0.2% over the quarter in the third quarter of 2024 after shrinking 0.1% in the second quarter, according to the preliminary data published by Destatis on Wednesday.

The GBP/USD pair weakens around 1.3010 despite the consolidation of the US Dollar (USD) during the early Asian session on Wednesday.

The Pound Sterling (GBP) slides below 1.3000 against the US Dollar (USD) in Wednesday’s New York session after the release of the United States (US) macroeconomic data.

Imports dragged down GDP but consumer spending was the strongest it has been in over a year. | Economy

(RTTNews) - Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau ...

The Australian Dollar (AUD) extends its losing streak against the US Dollar (USD) for the fourth successive day, following lower-than-expected Australia's third-quarter Consumer Price Index (CPI) data released on Wednesday.

(Bloomberg) — The Czech economy expanded less than expected in the third quarter as household consumption continued to recover but exports to key markets, most notably Germany, remained weak.

The GBP/USD pair weakens around 1.3010 despite the consolidation of the US Dollar (USD) during the early European session on Wednesday.

Inflation has dropped from 3.8 per cent to 2.8 per cent for the July-September period, with the consumer price index (CPI) reaching a three-year low, according to the latest figures shared by the Australian Bureau of Statistics. The fall in inflation has given rise to renewed calls for the Reserve Bank of Australia to reconsider... Read More

Australia will publish fresh inflation-related figures on Wednesday, kick-starting a row of global first-tier releases that should grant volatility across the FX board.

The Pound Sterling (GBP) rises sharply to near the psychological resistance of 1.3000 against the US Dollar (USD) in Tuesday’s North American session.