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South Africa Consumer Price Index (MoM) remains at 0.7% in June
South Africa Consumer Price Index (MoM) remains at 0.7% in June
South Africa Consumer Price Index (YoY): 5% (June) vs 4.5%
South Africa Consumer Price Index (YoY): 5% (June) vs 4.5%
Hungarian Forint: Rally against Euro reassessed after rate cuts – Societe Generale
Societe Generale strategists analyze the Hungarian Forint (HUF) after the central bank of Hungary, Magyar Nemzeti Bank (MNB) cut its policy rate to 5.75% and signalled more easing. They expect a 5.0% terminal rate by year-end, noting EUR/HUF already bottomed near 348.59.
Indonesian Rupiah weakens as BI holds rate at 5.75%
USD/IDR has recovered its daily losses, trading around 17,950 during the European hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles after the Bank Indonesia (BI) decided to hold its benchmark rate steady at 5.75% in July.
BoJ says open to faster rate hike pace as yen adds price risk – Bloomberg
According to a Bloomberg report, the Bank of Japan (BoJ) is widely seen holding interest rates steady at the July meeting.
British Pound: Inflation trend supports softer Sterling – ING
ING’s Chris Turner relays UK economist James Smith’s view that underlying United Kingdom (UK) inflation is moving in the right direction despite slightly higher core data. Falling food and petrol prices and softer core services inflation suggest domestically generated inflation is benign.
Forex Today: US Dollar and Oil continue to rise as tensions in Middle East escalate further
Here is what you need to know on Wednesday, July 22:
Indonesia Bank Indonesia Rate below forecasts (6%): Actual (5.75%)
Indonesia Bank Indonesia Rate below forecasts (6%): Actual (5.75%)
Japanese Yen: Fresh lows signal further losses against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY has surged past 163 for the first time since 1986, raising intervention risks as the Japanese Yen (JPY) weakens.
USD/CAD Price Forecast: Consolidates near 1.4100 as bulls await 200-SMA breakout on H4
The USD/CAD pair remains on the back foot through the early European session on Wednesday and, for now, seems to have stalled this week's goodish rebound from the 1.4000 psychological mark, or over a one-month low.
Euro: Asset flows decouple from currency – BNY
BNY’s Geoff Yu argues that the Euro (EUR) offers limited risk-reward compared with Eurozone assets as European Central Bank (ECB) policy pivots back toward growth.
New Zealand Dollar gives away gains as Iran’s war offsets RBNZ’s hawkishness
The New Zealand Dollar (NZD) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, as the US-Iran conflict overshadows the Reserve Bank of New Zealand’s (RBNZ) hawkish monetary policy stance.
British Pound: Fiscal risks cloud outlook – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that recent optimism around United Kingdom (UK) Prime Minister Burnham faded quickly, with British Pound (GBP) gains versus Euro fully reversed.