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British Pound holds steady against Japanese Yen after mixed UK PMIs
GBP/JPY trades around 209.90 on Wednesday at the time of writing, virtually unchanged on the day with a modest 0.05% decline.
Hungarian Forint: Cautious MNB stance supports HUF – Commerzbank
Commerzbank’s Antje Praefcke reviews the Hungarian Central Bank decision to keep the key rate at 5.50% while lowering its medium-term inflation target to 2.5% from 2028. The MNB slightly raised its 2027 inflation forecast and will move to eight policy meetings per year.
Euro dips against Canadian Dollar following HCOB PMI data release
EUR/CAD halts its four day-winning streak, trading around 1.6090 during the European hours on Wednesday. The currency cross is under pressure as the Euro (EUR) holds losses following the release of the latest HCOB Purchasing Managers’ Index (PMI) data for Germany and the broader Eurozone.
Euro remains depressed as German politics, France's debt offset strong PMI figures
The Euro (EUR) remains on its back foot against the US Dollar (USD) on Wednesday, extending its decline to two-and-a-half-month lows after dropping about 0.5% so far this week.
Euro flat lines above 180.00 vs weak Yen as German political turmoil offsets upbeat PMIs
The EUR/JPY cross seesaws between tepid gains/minor losses through the first half of the European session on Wednesday and moves little following the release of flash Eurozone PMIs.
Swiss Franc: SNB preview signals steady policy – DBS
DBS Group Research economist Philip Wee expects the Swiss National Bank to keep its policy rate unchanged at 0% at the September 24 meeting, despite higher energy prices and a modest uptick in headline inflation.
Breaking: US S&P Global Composite PMI came in at 58.4 in September
US business activity is predicted to have gained momentum in September, according to the flash reading of the S&P Global Composite PMI, which ticked up to 58.4 from 56.0 in August.
United Kingdom flash Services PMI expands slower-than-expected to 51.7 in September
The United Kingdom (UK) S&P Global Services Purchasing Managers' Index (PMI) expands at a moderate pace to 51.7 in September. The data was already anticipated to arrive lower at 52.0 from 52.5 in August.
Hong Kong SAR Consumer Price Index above forecasts (0%) in August: Actual (1.7%)
Hong Kong SAR Consumer Price Index above forecasts (0%) in August: Actual (1.7%)
United Kingdom S&P Global Composite PMI came in at 51.7, above forecasts (0) in September
United Kingdom S&P Global Composite PMI came in at 51.7, above forecasts (0) in September
United Kingdom S&P Global Services PMI came in at 51.7 below forecasts (52) in September
United Kingdom S&P Global Services PMI came in at 51.7 below forecasts (52) in September
United Kingdom S&P Global Manufacturing PMI above expectations (51.4) in September: Actual (52)
United Kingdom S&P Global Manufacturing PMI above expectations (51.4) in September: Actual (52)
Australian Dollar slides to one-week low, below 0.7100 ahead of jobs data on Thursday
The AUD/USD pair comes under heavy selling pressure on Wednesday and weakens further below the 0.7100 mark, hitting a one-week low during the early part of the European session.