Forex News from InstaForex

**IFX Gertrude** · 05-29-2023, 07:48 AM

SINGAPORE PRODUCER PRICES DECLINE 4.6%

Singapore's producer prices decreased for the third straight month in April, largely due to a slump in the oil index, data from the Department of Statistics showed on Monday.

The manufacturing producer price index fell 4.6 percent year-on-year in April, slightly faster than the 4.4 percent rise in the prior month.

The oil index plunged 21.0 percent annually in April, and the non-oil index showed a comparatively smaller decrease of 1.1 percent.

Domestic supply prices were 11.4 percent lower in April from a year ago, after an 11.3 percent drop in March. This was the fourth successive monthly fall.

On a monthly basis, producer prices moved up 0.3 percent in April versus a 0.9 percent rise in the previous month.

Separate data from the statistical office revealed that import prices fell at a faster pace of 11.0 percent yearly in April, following a 10.1 percent decline in the prior month.

Monthly, import prices increased 1.2 percent from March, when they grew by 0.4 percent.

Data showed that export prices registered a decrease of 12.4 percent yearly in April, while they rose 0.7 percent compared to a month ago.

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**IFX Gertrude** · 05-30-2023, 05:19 AM

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

The Australian dollar fell to a 4-day low of 0.6510 against the U.S. dollar, from an early 6-day high of 0.6559.

Against the yen and the Canadian dollar, the aussie dropped to a 4-day low of 91.28 and more than a 6-month low of 0.8856 from yesterday's closing quotes of 91.80 and 0.8883, respectively.

Against the euro and the NZ dollar, the aussie edged down to 1.6444 and 1.0788 from an early 6-day high of 1.6351 and a 4-week high of 1.0825, respectively.

If the aussie extends its downtrend, it is likely to find support around 0.63 against the greenback, 88.00 against the yen, 0.86 against the loonie, 1.68 against the euro and 1.05 against the kiwi.

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**IFX Gertrude** · 05-31-2023, 04:17 AM

AUSTRALIA PRIVATE SECTOR CREDIT CLIMBS 0.6% IN APRIL

Private sector credit in Australia was up 0.6 percent on month in April, the Reserve Bank of Australia said on Wednesday - accelerating from 0.2 percent in March.

On a yearly basis, credit climbed 6.6 percent.

Housing credit was up 0.3 percent on month and 5.2 percent on year, while personal credit rose 0.1 percent on month and fell 0.3 percent on year and business credit jumped 1.1 percent on month and 10.6 percent on year.

Broad money added 0.4 percent on month and 6.5 percent on year.

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**IFX Gertrude** · 06-01-2023, 05:15 AM

SOUTH KOREA TRADE DEFICIT $2.10 BILLION IN MAY

South Korea posted a merchandise trade deficit of $2.10 billion in May, the Customs Office said on Thursday.

That exceeded expectations for a shortfall of $2.89 billion following the $2.70 billion deficit in April.

Exports dropped 15.2 percent on year, missing forecasts for a decline of 13.5 percent following the 14.3 percent fall in the previous month.

Imports were down 14.0 percent on year versus expectations for a drop of 10.6 percent after sinking 13.3 percent a month earlier.

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**IFX Gertrude** · 06-02-2023, 04:04 AM

JAPAN MONETARY BASE DECLINES 1.1% ON YEAR IN MAY

The monetary base in Japan was down 1.1 percent on year in May, the Bank of Japan said on Friday - coming in at 672.732 trillion yen.

That beat expectations for a decline of 1.4 percent following the upwardly revised 1.7 percent contraction in April (originally -1.9 percent).

Banknotes in circulation was up 1.3 percent on year, while coins in circulation fell an annual 3.1 percent.

Current account balances dropped 1.6 percent on year, including a 2.1 percent fall in reserve balances.

The adjusted monetary base was down 0.7 percent.

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