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British Pound tests 12-week lows amid mixed UK PMIs and US Dollar strength
The British Pound (GBP) accelerates its decline against the US Dollar (USD) on Wednesday, with the GBP/USD pair trading a few pips above 1.3272, its lowest price since July 2.
Euro: PMI strength limits downside against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is weaker on broad Dollar strength, but Eurozone data and European Central Bank (ECB) expectations cushion the downside. September Eurozone Purchasing Managers' Index (PMI) beat forecasts, supporting additional ECB hikes.
Australian Dollar: Bearish outlook retained below 0.7140 - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe AUD/USD price action as range-bound around 0.7115, with intraday expectations for 0.7095–0.7125.
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