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Brazil IPCA Inflation registered at -0.32%, below expectations (-0.29%) in August
Brazil IPCA Inflation registered at -0.32%, below expectations (-0.29%) in August
Japanese Yen: Yield pressure risks fresh losses against US Dollar – OCBC
OCBC’s Christopher Wong highlights a rebound in USD/JPY as higher US Treasury yields, stronger US Dollar (USD) and elevated Oil prices support the pair, even as expectations for further BOJ normalisation cap upside.
Euro retreats below 1.1600, Dollar appreciates heading into the US CPI releaseÂ
The Euro (EUR) accelerates its reversal against the US Dollar (USD) on Friday, as the impulse from a hawkish hike by the European Central Bank (ECB) fades.
Oil: Supply risks and central bank inflation worries – BNY
BNY’s Geoff Yu highlights that Brent has approached $110 as Houthi advances near the Bab el-Mandeb Strait raise concerns over Red Sea shipping and broader supply chains.
Japanese Yen outperforms this week as market bets on BoJ's extended tightening cycle
The Japanese Yen (JPY) bounces back against the US Dollar (USD) on Friday after a sharp corrective move the previous day. In the European trade, the USD/JPY is down 0.3% to near 154.00 at the time of writing.
India Bank Loan Growth increased to 19.1% in August 24 from previous 18.3%
India Bank Loan Growth increased to 19.1% in August 24 from previous 18.3%
India FX Reserves, USD: $785.71B (August 31) vs $740.8B
India FX Reserves, USD: $785.71B (August 31) vs $740.8B
European Central Bank: Hawkish path toward December peak – Deutsche Bank
Deutsche Bank’s Mark Wall and colleagues say the European Central Bank delivered a 25bp hike to 2.50% in September, with President Lagarde describing it as a no‑brainer.
US Dollar: CPI volatility risk and limited upside – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is supported by recent risk aversion and a modestly hawkish Federal Reserve (Fed) repricing after US August Producer Price Index (PPI), but stresses that August Consumer Price Index (CPI) will be decisive for next week’s Fed meet
Australian Dollar climbs on RBA rate hike expectations as traders await US CPI
AUD/USD advances 0.17% on Friday and trades around 0.7170 at the time of writing. The Australian Dollar (AUD) benefits mainly from growing expectations of further interest rate hikes by the Reserve Bank of Australia (RBA), following a series of hawkish comments from central bank officials.
Gold rebounds but Fed rate hike bets risks remain a headwind
Gold (XAU/USD) rebounds on Friday, reversing most of the previous day’s losses as a pullback in the US Dollar, US Treasury yields and Oil prices supports the precious metal.
SNB’s Schlegel: Inflation accelerates in recent months but remains within stability range
Swiss National Bank Chairman Martin Schlegel said during the European trading session on Friday that the Swiss Franc exchange rate has been a challenge for the Swiss economy. However, headed that the real Franc has been stable since 2020.
Swiss Franc nears monthly lows as investors brace for US CPI data
The Swiss Franc extends losses for the sixth consecutive day against the US Dollar on Friday, nearing one-and-a-half-month lows at the mid-0.8100s.