Market News
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Canadian Dollar: Trade war escalation threatens recent strength – MUFG
MUFG's Derek Halpenny argues the Canadian Dollar’s (CAD) reaction to the new US tariffs on USD 20bn of Canadian exports will hinge on escalation risks rather than the initial measures.
Euro: Range consolidation against US Dollar as growth gap narrows – Societe Generale
Societe Generale’s Kit Juckes notes EUR/USD has retraced half of its drop from above 1.20 to 1.1325 and is now stuck in a range as markets await fresh US data.
United States Chicago Fed National Activity Index dipped from previous -0.02Â to -0.08 in July
United States Chicago Fed National Activity Index dipped from previous -0.02Â to -0.08 in July
Australian Dollar: Cooling inflation but carry remains supportive – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Australia’s July Consumer Price Index (CPI) to ease, with headline and trimmed mean inflation drifting lower, in line with softer labor conditions and wage growth.
CEE FX: Koruna leads as policy diverges – Commerzbank
Commerzbank’s Tatha Ghose reviews recent CEE FX performance, noting that the euro’s strength above 1.17 has supported high-beta PLN and HUF, while the Czech koruna has also gained despite its lower beta profile.
Hungarian Forint: MNB easing and HUF carry prospects – BNY
BNY’s Geoff Yu describes Hungary as a constructive story within EMEA, with post-election re-rating and scope for continued MNB easing.
Mexico Gross Domestic Product (YoY) below expectations (2.2%) in 2Q: Actual (2.1%)
Mexico Gross Domestic Product (YoY) below expectations (2.2%) in 2Q: Actual (2.1%)
Mexico 1st half-month Inflation climbed from previous 0.07% to 0.1% in August
Mexico 1st half-month Inflation climbed from previous 0.07% to 0.1% in August
Mexico 1st half-month Core Inflation down to 0.08% in August from previous 0.16%
Mexico 1st half-month Core Inflation down to 0.08% in August from previous 0.16%
Mexico Gross Domestic Product (QoQ) registered at 1.4%, below expectations (1.5%) in 2Q
Mexico Gross Domestic Product (QoQ) registered at 1.4%, below expectations (1.5%) in 2Q
Canadian Dollar: GDP rebound supports Loonie – TD Securities
TD Securities economists Robert Both and Emma Lawrence expect Canada’s Q2 National Accounts to show a sharp rebound in Gross Domestic Product (GDP) growth, driven by stronger exports and solid services activity.
Experts agree: Japanese Yen needs more than intervention to take off from lows
The Japanese Yen (JPY) extends losses against the US Dollar (USD) in a calm trading session on Monday.
Euro: Positioning supports gradual gains against US Dollar – ING
ING’s Chris Turner highlights futures data showing asset managers and leveraged funds adding Euro exposure, leaving speculators underweight. He notes recovering German IFO and Eurozone PMIs, and sees limited need for EUR/USD to drop sharply below 1.1660/70 unless risk assets suffer.