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BoE's Mann: Can't rely on risk premia to do work of policy, need to raise rates
Bank of England (BoE) policymaker Catherine Mann argued on Thursday that they can't rely on risk premia to do the work of monetary policy and added that they need to raise the bank rate, per Reuters.
United States Continuing Jobless Claims came in at 1.701M below forecasts (1.73M) in September 18
United States Continuing Jobless Claims came in at 1.701M below forecasts (1.73M) in September 18
United States Initial Jobless Claims 4-week average declined to 200K in September 25 from previous 202.25K
United States Initial Jobless Claims 4-week average declined to 200K in September 25 from previous 202.25K
United States Initial Jobless Claims came in at 197K, below expectations (200K) in September 25
United States Initial Jobless Claims came in at 197K, below expectations (200K) in September 25
British Pound holds firm against Euro on stronger growth, hawkish policy signals
EUR/GBP trades on the defensive on Thursday, remaining on the back foot for the fifth consecutive day following last week’s rejection from the 0.8600 psychological mark. At the time of writing, the cross trades around 0.8537, its lowest level since mid-August.
Korean Won: Export boom supports currency – DBS
Chang Wei Liang at DBS Group Research highlights Korea’s strong September export performance, driven by an AI-led semiconductor boom and a record monthly trade surplus.
USD/JPY: Range-bound view on BOJ caution – BBH
Brown Brothers Harriman’s Elias Haddad notes USD/JPY has surged to its 200-day moving average on broad Dollar strength, but expects the pair to trade within a 155.00–160.00 range near term.
Chile IMACEC rose from previous -1.5%Â to -1% in August
Chile IMACEC rose from previous -1.5%Â to -1% in August
Trump sees ramping up bombing Iran after midterms possible – Time Magazine
Here are comments delivered by United States (US) Donald Trump in an interview with Time Magazine.
British Pound tests 1.3200 as higher US yields and risk-off markets boost US Dollar
The British Pound (GBP) heads lower against the US Dollar (USD) on Wednesday, with the GBP/USD pair hitting three-month lows just below 1.3200 ahead of the US session opening.
Australian Dollar outperforms risky peers despite weak Trade Balance data
The Australian Dollar (AUD) trades higher against its risky peers, but is down versus safe-haven peers during the European trading session on Thursday.
Global Bonds: Selloff deepens with rising term premia – BBH
Brown Brothers Harriman’s Elias Haddad highlights a deepening global bond market selloff driven by tighter expected policy paths and rising real term premia.
USD/JPY: Yen soft as intervention absent – UOB
UOB Global Economics & Markets Research highlights USD/JPY reversed intraday losses to close flat at 157.41. The Japanese Yen weakened after Ministry of Finance data confirmed no FX intervention between 27 August and 28 September, following July’s record coordinated US-Japan operation.