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Canadian Dollar weakens against US Dollar ahead of key US inflation data
USD/CAD trades around 1.3820 on Thursday at the time of writing, up 0.11% on the day. The pair edges higher as investors await the release of the United States (US) Producer Price Index (PPI) data for August, scheduled for 12:30 GMT.
Euro: Yield support into ECB decision – MUFG
MUFG’s Lee Hardman highlights that EUR/USD has been gradually moving higher, supported by more energy-sensitive European yields and expectations of a hawkish ECB.
Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise
Gold (XAU/USD) trades with a downside bias on Thursday as a steady US Dollar (USD), rising US Treasury yields and Federal Reserve (Fed) rate-hike expectations weigh on the precious metal, while traders also assess the latest US Producer Price Index (PPI) data.
Turkey CBRT Interest Rate Decision meets forecasts (37%)
Turkey CBRT Interest Rate Decision meets forecasts (37%)
South Africa Manufacturing Production Index (YoY) increased to 1.1% in July from previous -1.7%
South Africa Manufacturing Production Index (YoY) increased to 1.1% in July from previous -1.7%
Silver Price Forecast: XAG/USD tumbles below $66 as US Dollar recovers ahead of US PPI data
Silver price (XAG/USD) slides 2.3% to near $65.80 during the European trading session on Thursday. The white metal comes under pressure as the US Dollar (USD) turns slightly positive, with investors awaiting the United States (US) Producer Price Index (PPI) data for August releasing at 12:30 GMT.
Australian Dollar: Gradual upside within capped range against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann see AUD/USD steady near 0.7220 after quiet sessions, with intraday ranges around 0.7205–0.7238. They maintain that the Australian Dollar could edge higher but expect gains to stay within 0.7160–0.7240 over the next 1–3 weeks.
Portugal Consumer Price Index (MoM) below forecasts (0.1%) in August: Actual (0%)
Portugal Consumer Price Index (MoM) below forecasts (0.1%) in August: Actual (0%)
Portugal Consumer Price Index (YoY) in line with forecasts (3.3%) in August
Portugal Consumer Price Index (YoY) in line with forecasts (3.3%) in August
Ireland HICP (YoY) in line with expectations (3.4%) in August
Ireland HICP (YoY) in line with expectations (3.4%) in August
Ireland HICP (MoM) in line with expectations (0.6%) in August
Ireland HICP (MoM) in line with expectations (0.6%) in August
Ireland Consumer Price Index (MoM) rose from previous 0.1%Â to 0.7% in August
Ireland Consumer Price Index (MoM) rose from previous 0.1%Â to 0.7% in August
Ireland Consumer Price Index (YoY) climbed from previous 3.4% to 3.7% in August
Ireland Consumer Price Index (YoY) climbed from previous 3.4% to 3.7% in August