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United Kingdom DCLG House Price Index (YoY) came in at 0.9%, above forecasts (0%) in August
United Kingdom DCLG House Price Index (YoY) came in at 0.9%, above forecasts (0%) in August
Japanese Yen ticks up within previous range, buoyed by hawkish BoJ comments
The Japanese Yen (JPY) has shrugged off downbeat Japanese Trade Balance data, and it is regaining lost ground against the US Dollar (USD) on Wednesday, following Hawkish comments from a high-ranking Bank of Japan (BoJ) official.
S&P 500: Tech mood improves with AI and energy repricing – Deutsche Bank
Jim Reid at Deutsche Bank notes that an early global equity sell-off tied to AI concerns, higher Oil prices and French sovereign worries reversed as US trading progressed, lifting the S&P 500.
Greece Current Account (YoY) above forecasts (€0B) in August: Actual (€1.743B)
Greece Current Account (YoY) above forecasts (€0B) in August: Actual (€1.743B)
South Africa Consumer Price Index (MoM) increased to 0.4% in September from previous 0%
South Africa Consumer Price Index (MoM) increased to 0.4% in September from previous 0%
South Africa Consumer Price Index (YoY) came in at 4.5%, below expectations (4.7%) in September
South Africa Consumer Price Index (YoY) came in at 4.5%, below expectations (4.7%) in September
New Zealand Dollar holds steady as oil pressures inflation, RBNZ rate hike bets
NZD/USD remains in positive territory after experiencing volatility, trading around 0.5690 during European hours on Wednesday. The New Zealand Dollar (NZD) receives support from market caution ahead of New Zealand’s Q3 Consumer Price Index (CPI) inflation data, due later on Thursday.
Euro underperforms as French risks spread across Eurozone
The Euro (EUR) underperforms its major currency peers on Wednesday, trading 0.13% down at around 177.45 against the Japanese Yen (JPY) in the European trade.
CEE FX: Fiscal risks threaten regional currencies – BNY
BNY Mellon’s Geoff Yu notes that Central and Eastern European (CEE) assets have underperformed in October, with CE3 FX (Polish Zloty, Czech Koruna and Hungarian Forint) carry versus EUR and USD lagging cash returns and reflecting markets’ belief that CEE central banks cannot match European Central B
Hungarian Forint: Euro adoption by 2032 reshapes HUF outlook – Commerzbank
Commerzbank’s Tatha Ghose reports that the MNB kept its base rate at 5.50% and maintained the overnight corridor, but seasonally-adjusted inflation suggests real rates may soon turn negative.
Euro weakens against British Pound as UK CPI data fuels expectations of imminent BoE rate hike
The EUR/GBP cross weakens to near 0.8390 during the early European trading hours on Wednesday. The British Pound (GBP) attracts some buyers following hotter UK inflation data.
Swiss Franc: Gains in focus against US Dollar near 0.8200 – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann observe that USD/CHF fell sharply before rebounding, leaving overall momentum subdued.
Indonesian Rupiah declines as BI decides to keep benchmark rate unchanged
USD/IDR extends its gains for the third successive day, trading around 18,040 during European hours on Wednesday.