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Eurozone Producer Price Index (MoM) meets expectations (1.9%) in August
Eurozone Producer Price Index (MoM) meets expectations (1.9%) in August
Breaking: US ISM Services PMI declines to 54.9 in September
Fresh data from the Institute for Supply Management (ISM) showed the Services PMI weakening to 54.9 in September from 55.4 in the previous month, coming in below previous estimates (55) and signalling a slight loss of momentum in the sector.
Euro attempts to regain the 1.1200 level following mixed Services activity data
The Euro (EUR) maintains its bearish tone against the US Dollar (USD) on Monday, following a string of mixed Services Activity figures and weak Investor Confidence data, with concerns about France's fiscal health weighing heavily.
Australian Dollar recovers despite Yen gains, Japan vows fiscal prudence
The Australian Dollar (AUD) bounces back strongly against the Japanese Yen (JPY) and flattens at around 109.80 during the European trading session on Monday.
Eurozone Sentix Investor Confidence drops to 2.7 in October
Eurozone’s Sentix Investor Confidence data, a key indicator of Investor morale, comes in lower at 2.7 in October from 5.1 in September.
EUR/GBP Price Forecast: Bears await break below 0.8450, YTD low amid French debt crisis
The EUR/GBP cross attracts sellers for the seventh straight day and drops back closer to the year-to-date low, around the 0.8460-0.8455 region, at the start of a new week.
United Kingdom S&P Global Services PMI above expectations (51.7) in September: Actual (52.1)
United Kingdom S&P Global Services PMI above expectations (51.7) in September: Actual (52.1)
United Kingdom S&P Global Composite PMI came in at 52, above forecasts (51.7) in September
United Kingdom S&P Global Composite PMI came in at 52, above forecasts (51.7) in September
Eurozone Sentix Investor Confidence dipped from previous 5.1Â to 2.7 in October
Eurozone Sentix Investor Confidence dipped from previous 5.1Â to 2.7 in October
Japanese Yen: Broad range holds despite weak momentum against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang observes USD/JPY fluctuated between 156.94 and 158.21, closing at 157.83, with intraday trading expected inside 157.10–158.10. Over 1–3 weeks, he now favours a broad consolidation between 156.35 and 158.70 rather than deeper pullbacks. On a 1–3 month horizon, however, he still flags rapid downside momentum that could drive further weakness toward the January low at 152.08.
Euro loses against Canadian Dollar as ECB’s Lane warns economic growth concerns
EUR/CAD has pared its recent gains from the previous trading day, hovering around 1.5970 during European hours on Monday. The currency cross depreciates as the Euro (EUR) remains under pressure following the release of Final HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.
ECB’s Lane: Rise in long-term rates will slow growth
European Central Bank (ECB) Chief Economist Philip Lane warns of moderate economic growth due to higher long-term rates. Regarding inflation, Lane said that medium-term inflation expectations are still de-anchored.
Forex Today: Euro selloff picks up steam, US Dollar ignores easing rate hike bets
Here is what you need to know on Monday, October 5: