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Pound Sterling retains gains as US CPI trims September Fed hike odds
GBP/USD trades modestly higher on Wednesday as the US Dollar (USD) comes under mild pressure following the release of the latest US inflation figures. However, the market reaction remains limited as the data broadly matched expectations.
Brazil: Lula victory could deepen fiscal risks - Societe Generale
Societe Generale analysts Brendan McKenna and Dev Ashish outline scenarios for Brazil’s 2026 election, assigning a 65% probability to President Lula winning a fourth term and 30% to Flavio.
United Kingdom: Resilience tested as data mixed – Rabobank
Rabobank's Senior FX Strategist Jane Foley reviews recent United Kingdom (UK) data against Eurozone performance. Foley notes Eurozone Q2 Gross Domestic Product (GDP) at 0.4% q/q and a 0.7% UK upturn in the three months to May.
Oil: Chinese demand recovery could lift prices – NBC
National Bank of Canada's (NBC) Jocelyn Paquet analyzes how China’s sharp reduction in petroleum imports helped offset the Middle East supply shock and limit Oil price gains. The July rebound in Chinese imports is highlighted as historically large in percentage terms.
Euro remains little changed as US CPI fails to surprise the markets
EUR/USD trades around 1.1550 on Wednesday at the time of writing, up a modest 0.08% on the day.
United States Consumer Price Index Core s.a increased to 336.789 in July from previous 336.065
United States Consumer Price Index Core s.a increased to 336.789 in July from previous 336.065
United States Consumer Price Index n.s.a (MoM) below forecasts (333.99) in July: Actual (333.92)
United States Consumer Price Index n.s.a (MoM) below forecasts (333.99) in July: Actual (333.92)
United States Consumer Price Index ex Food & Energy (MoM) in line with expectations (0.2%) in July
United States Consumer Price Index ex Food & Energy (MoM) in line with expectations (0.2%) in July
United States Consumer Price Index ex Food & Energy (YoY) in line with expectations (2.5%) in July
United States Consumer Price Index ex Food & Energy (YoY) in line with expectations (2.5%) in July
Canada Building Permits (MoM) above forecasts (1%) in June: Actual (18.5%)
Canada Building Permits (MoM) above forecasts (1%) in June: Actual (18.5%)
United States Consumer Price Index (YoY) meets forecasts (3.4%) in July
United States Consumer Price Index (YoY) meets forecasts (3.4%) in July
United States Consumer Price Index (MoM) meets expectations (0.1%) in July
United States Consumer Price Index (MoM) meets expectations (0.1%) in July
IEA forecasts 4.3 million bpd drop in global Oil supply
The International Energy Agency (IEA) cut its global Oil supply and demand forecasts for 2026 amid shipping disruptions in the Middle East.