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Japanese Yen: Himino signals hawkish shift - MUFG
MUFG’s Derek Halpenny notes that the Japanese Yen reaction to Deputy Governor Himino’s speech was limited, even as his comments aligned with market expectations for a Bank of Japan rate hike in September.
ECB Accounts: Another rate hike likely unless inflation outlook improves
The European Central Bank (ECB) Accounts of the July 22-23 monetary policy meeting show that policymakers remain open to further monetary tightening despite unanimously deciding to keep interest rates unchanged.
Mexico Trade Balance, $: $-0.848B (July) vs previous $4.09B
Mexico Trade Balance, $: $-0.848B (July) vs previous $4.09B
Mexico Trade Balance s/a, $: $0.465B (July) vs previous $3.843B
Mexico Trade Balance s/a, $: $0.465B (July) vs previous $3.843B
Mexico Jobless Rate s.a: 2.7% (July) vs previous 2.8%
Mexico Jobless Rate s.a: 2.7% (July) vs previous 2.8%
Mexico Jobless Rate came in at 2.9%, below expectations (3%) in July
Mexico Jobless Rate came in at 2.9%, below expectations (3%) in July
Brazil Unemployment Rate in line with forecasts (5.3%) in July
Brazil Unemployment Rate in line with forecasts (5.3%) in July
Australian Dollar: RBA hold view caps near-term upside against US Dollar – ING
ING’s Francesco Pesole highlights that the Australian Dollar (AUD) is the only G10 currency gaining this week as hotter July inflation and strong household spending fuel hawkish Reserve Bank of Australia (RBA) expectations.
Brazil Current Account came in at $-8.11B below forecasts ($-6.6B) in July
Brazil Current Account came in at $-8.11B below forecasts ($-6.6B) in July
Japanese Yen : Range holds with BoJ hike expectations – BBH
Brown Brothers Harriman’s (BBH Elias Haddad notes USD/JPY is stuck between resistance at 160.00 and support at the 200‑day moving average, as Bank of Japan (BoJ) officials maintain hawkish guidance and underlying inflation firms near the 2% target.
British Pound drops to weekly lows below 1.3600 as US Dollar gathers momentum
The British Pound (GBP) extends losses for the second consecutive day on Thursday, as the US Dollar (USD) strengthens after the hot US inflation report released on Wednesday.
Australian Dollar remains firm on firm RBA interest rate hike prospects
The Australian Dollar (AUD) is up 0.1% at around 0.7180 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair remains firm this week due to continued outperformance by the antipodean.
Euro struggles for direction against British Pound despite upbeat German data
EUR/GBP trades around 0.8575 on Thursday at the time of writing, virtually unchanged on the day with a modest gain of 0.05%.