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Brazil Primary Budget Surplus declined to -10B in August from previous 1.4B
Brazil Primary Budget Surplus declined to -10B in August from previous 1.4B
Brazil Nominal Budget Balance registered at -116B, below expectations (-109.4B) in August
Brazil Nominal Budget Balance registered at -116B, below expectations (-109.4B) in August
India M3 Money Supply: 16.6% (September 14) vs previous 16.7%
India M3 Money Supply: 16.6% (September 14) vs previous 16.7%
EUR/USD Price Forecast: At make or a break near 1.1330
The Euro (EUR) is up 0.13% at around 1.1356 against the US Dollar (USD) during the European trading session on Wednesday.
Australian Dollar: Softer CPI keeps RBA pricing in check – BBH
Elias Haddad at Brown Brothers Harriman notes the Australian Dollar is underperforming after a softer August CPI print weighed on RBA cash rate futures. Headline CPI rose less than consensus, while trimmed mean inflation remained steady for a third month.
British Pound: Fiscal tightening risks dovish BOE repricing – BBH
BBH’s Elias Haddad highlights that Pound gains were supported by an upward revision to UK Q2 GDP, with growth beating both prior estimates and Bank of England (BOE) forecasts.
Gold loses momentum as the initial reaction to softer US PCE inflation fades
Gold (XAU/USD) reverses its earlier gains on Wednesday after briefly climbing above $4,200 in reaction to softer-than-expected US Personal Consumption Expenditures (PCE) inflation data. The initial move fades as the US Dollar (USD) trims its losses and US Treasury yields resume their advance.
United States MBA Mortgage Applications down to -6% in September 25 from previous -1.5%
United States MBA Mortgage Applications down to -6% in September 25 from previous -1.5%
Australian Dollar clings to early recovery near 0.6970, US data takes centre stage
The Australian Dollar (AUD) holds onto its early recovery move at around 0.6970 against the US Dollar (USD) during the European trading session on Wednesday. Still, the Aussie pair is down 0.19% to near 0.6970.
Experts agree: The fundamental background hints at further US Dollar appreciation
The US Dollar (USD) is showing a moderately softer tone on Wednesday, weighed down by the recent pullback in US Treasury yields and some dovish comments from New York Fed President John Williams.
US Dollar: Upcoming data to support hawkish Fed stance – BBH
Brown Brothers Harriman’s Elias Haddad notes the Dollar has eased from recent highs as lower Oil prices and comments from New York Fed President John Williams temper rate expectations. However, upcoming US August PCE and September ADP data are expected to show sticky inflation, stronger consumer spending and resilient labor demand, which BBH says should reinforce the Fed’s hawkish bias and support further USD strength.
USD/JPY: Intervention fears steer Yen strength – Societe Generale
Kit Juckes at Societe Generale highlights Japanese Yen outperformance in G10 as markets anticipate further USD/JPY intervention. He argues that strong intervention expectations are driving reluctance to be short Yen, with EUR/JPY likely sold on rallies. However, he cautions that another spike in Oil prices could quickly reverse recent improvements in risk sentiment, keeping overall caution warranted.
Euro: ECB pushback weighs on currency – MUFG
MUFG’s Lee Hardman highlights that European Central Bank (ECB) President Lagarde has pushed back against expectations for another back-to-back ECB rate hike, stressing higher long-term yields and the need for a measured response.