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USD/CAD: Overbought but seen sideways into year end – Rabobank
Rabobank’s FX Strategy team observes that CAD net shorts have risen again after a recent collapse. USD/CAD has continued to grind higher, gaining 2.77% from recent lows to 1.414, with the 14‑day RSI indicating overbought conditions.
British Pound gains against the Euro as traders assess central bank signals
EUR/GBP edges lower on Monday as the British Pound (GBP) attracts buyers after recent weakness, with hawkish remarks from Bank of England (BoE) Deputy Governor Dave Ramsden lending it further support. At the time of writing, the cross trades around 0.8564, down 0.40%.
Lagarde: ECB sticks to “middle path” as inflation outlook worsens
European Central Bank (ECB) President Christine Lagarde said on Monday the bloc's economy continued to expand broadly across countries and sectors, with manufacturing and the labour market holding up well.
Bonds: Yields challenge equity valuations – BBH
Brown Brothers Harriman’s Elias Haddad notes that rising global bond yields, driven by a rebound in Oil prices and uncertainty around US-Iran talks, are making Treasuries more attractive than equities.
Australian Dollar holds steady as RBA rate hike expectations balance elevated US yields
AUD/USD trades around 0.7020 on Monday at the time of writing, virtually unchanged on the day.
Canadian Dollar struggles as US-Canada yield gap widens
USD/CAD extends its rally on Monday as diverging monetary policy outlooks between the Federal Reserve (Fed) and the Bank of Canada (BoC) keep the US Dollar (USD) favoured, outweighing support for the commodity-linked Canadian Dollar (CAD) from higher Oil prices.
US-Iran indirect talks to resume in US as mediators revisit seven-day proposal - Reuters
The United States (US) and Iran are expected to resume indirect talks as early as Monday or Tuesday, according to an official briefed on the negotiations cited by Reuters.
AUD/NZD Price Forecast: Aussie rally shows signs of exhaustion ahead of RBA decision
The Aussie Dollar (AUD) trades practically flat around 1.2390 against the New Zealand Dollar (NZD) on Monday, with all eyes on the Reserve Bank of Australia (RBA), which is expected to hike interest rates on Tuesday.
Mexico Trade Balance, $ above expectations ($0B) in August: Actual ($0.605B)
Mexico Trade Balance, $ above expectations ($0B) in August: Actual ($0.605B)
Mexico Trade Balance s/a, $ above forecasts ($0B) in August: Actual ($3.489B)
Mexico Trade Balance s/a, $ above forecasts ($0B) in August: Actual ($3.489B)
UK Chancellor Healey: We will maintain control of Britain's finances
United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trade on Monday that the administration will maintain control of Britain's finances while speaking about the upcoming fiscal budget this year.
British Pound gains as several BoE members warn of upside inflation risks
The British Pound (GBP) trades higher against its major currency peers, except the Japanese Yen (JPY) on Monday. In the European trade, the British currency is up 0.13% to near 1.3256 against the US Dollar (USD).
EUR/GBP Price Forecast: Euro tests support at 0.8570 as Oil prices rally
The Euro (EUR) is dropping sharply against the British Pound (GBP) on Monday, with EUR/GBP bears testing support at the 0.8570 area, reversing last week's gains in a day following rejection at the 0.8610 resistance area.