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Singapore Dollar: Range trade persists against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has slipped into a short-term range phase after a sharp pullback, with intraday trading expected between 1.2735 and 1.2775.
Argentina Trade Balance (MoM) above forecasts ($2055M) in August: Actual ($2187M)
Argentina Trade Balance (MoM) above forecasts ($2055M) in August: Actual ($2187M)
Eurozone CFTC EUR NC Net Positions increased to €-27K from previous €-42.6K
Eurozone CFTC EUR NC Net Positions increased to €-27K from previous €-42.6K
United States CFTC S&P 500 NC Net Positions down to $-100.5K from previous $-76K
United States CFTC S&P 500 NC Net Positions down to $-100.5K from previous $-76K
Australia CFTC AUD NC Net Positions: $-38.9K vs previous $-34.9K
Australia CFTC AUD NC Net Positions: $-38.9K vs previous $-34.9K
United States CFTC Oil NC Net Positions fell from previous 136.6K to 135.9K
United States CFTC Oil NC Net Positions fell from previous 136.6K to 135.9K
United Kingdom CFTC GBP NC Net Positions: £-58.7K vs £-58.8K
United Kingdom CFTC GBP NC Net Positions: £-58.7K vs £-58.8K
Japan CFTC JPY NC Net Positions: ¥120.4K vs ¥10.8K
Japan CFTC JPY NC Net Positions: ¥120.4K vs ¥10.8K
Malaysian Ringgit: External pressure but scope for reversal – OCBC
Christopher Wong at OCBC writes that the Malaysian Ringgit weakened during Thursday’s Asian session on a firmer US Dollar and higher US Treasury yields after the FOMC, with USD/MYR briefly trading above 4.10 in an orderly move.
British Pound: Limited upside after hawkish BoE hold – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the British Pound (GBP) is only marginally firmer versus the US Dollar (USD) despite stronger-than-expected August retail sales.
10-year Treasury yield rises back to 5% as global tightening wave pushes
US Treasury yields rise on Friday, boosted mainly by the Federal Reserve’s (Fed) decision to increase rates on Wednesday, while the Bank of Japan (BoJ) added its name to the list of major central banks focused on preventing inflation from getting out of control.
Euro: Stabilization after FOMC volatility – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is posting a small gain versus the US Dollar (USD) as EUR/USD extends Thursday’s modest recovery and attempts to stabilize after the latest FOMC meeting.
Japanese Yen weakens despite BoJ hike as US Dollar remains firm
USD/JPY advances sharply on Friday, trading around 156.95 at the time of writing, up 0.63% on the day. The pair has pulled back after reaching a daily high of 158.06 earlier in the day.