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January 31, 2023
Euro traded at 1.0864 against USD at 9:00 am PST.
The euro area economy posted an unexpected expansion in the fourth quarter, preliminary flash estimates released by Eurostat showed. GBP grew 0.1% sequentially after rising 0.3% in the third quarter. Economists had forecast the currency bloc to shrink by 0.1%. Yearly, the economy grew at a slower pace of 1.9%, following the third quarter's 2.3% growth. Nonetheless, the rate was slightly above economists' forecast of 1.8%. The EU27 GDP remained unchanged on quarter and expanded 1.8% from the last year. According to the first estimate of annual growth for 2022, the euro area expanded by, 3.5% and the EU27 grew by 3.6%. 01/31/2023 - 05:13:00 (RTTNews)
Germany's unemployment rate remained unchanged at a low level at the start of the year despite showing signs of a recession, official data revealed. The unemployment rate held steady at 5.5% in January, the Federal Labor Agency reported. The rate also matched economists' expectations. The number of people out of work decreased unexpectedly by 22,000 in January after a drop of 13,000 in December. Economists had forecast an increase of 5,000. In seasonally adjusted terms, the number of unemployed rose to 2.6 million in January. 01/31/2023 - 06:57:00 (RTTNews)
Taiwan Dollar traded at 30.031 against USD at 9:00 am PST.
Taiwan's export orders declined at a slower-than-expected rate at the end of the year, data from the Ministry of Economic Affairs showed. Export orders fell sharply by 23.2% year-on-year in December. Economists had expected a decline of 25.4%. Bookings for optical, photographic, and cinematographic apparatus decreased 40.9% annually in November, and those for plastics and related articles, rubber, and related articles fell 34.1%. Chemical orders slumped 29.4% and those for basic metals and articles thereof plunged 33.9%. Booking for machinery fell by 19.2%, and orders for electrical machinery products declined by 24.1%. Orders for transport equipment contracted by 6.3%. Bookings for others, and information and communication products decreased by 15.9% and 24.1%, respectively. Monthly, export orders increased by 4.1% in December. 01/31/2023 - 04:07:00 (RTTNews)
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