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Euro: French debt risk weighs on EUR against US Dollar – ING
Chris Turner at ING highlights that EUR/USD remains fragile as French sovereign debt volatility drives the pair. A report suggesting the French Treasury may shorten issuance duration unsettled investors, who fear reduced pressure on politicians to deliver fiscal consolidation. ING continues to favor a dip in EUR/USD towards the 1.1100/1.1120 area, where stronger technical support may emerge, with French fiscal debates only starting mid-October.
ECB expected to pause in October before hiking rates in December – Reuters poll
The European Central Bank (ECB) is expected to leave interest rates unchanged in October before delivering another increase in December, according to a Reuters poll conducted October 5-8.
US Initial Jobless Claims dropped to 197K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 197K for the week ending October 3.
United States Continuing Jobless Claims came in at 1.716M, above expectations (1.71M) in September 25
United States Continuing Jobless Claims came in at 1.716M, above expectations (1.71M) in September 25
United States Initial Jobless Claims 4-week average: 198K (October 2) vs previous 200K
United States Initial Jobless Claims 4-week average: 198K (October 2) vs previous 200K
United States Initial Jobless Claims registered at 197K, below expectations (200K) in October 2
United States Initial Jobless Claims registered at 197K, below expectations (200K) in October 2
Europe: Sovereign stress and China trade tensions – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team underscores renewed pressure in European sovereign yields and rising political-economic tensions with China. The report notes sharp moves in French, Italian and Greek bonds and discusses Europe’s struggle with Chinese hybrid vehicle imports.
Euro slips against British Pound on France’s fiscal concerns, central bank signals
EUR/GBP struggles to attract buyers and edges lower on Thursday, remaining on the back foot for a tenth consecutive day as France’s political and budget concerns keep the Euro (EUR) under pressure against major currencies. Traders also assess central bank remarks from both sides of the Channel.
United Kingdom: GDP momentum seen slowing – Deutsche Bank
Deutsche Bank Research, led by Chief UK Economist Sanjay Raja and economist Maui Brennan, nowcasts UK GDP flat in August 2026 after a strong July. They expect services to rise slightly, with declines in production and construction.
Mexico 12-Month Inflation below expectations (3.47%) in September: Actual (3.45%)
Mexico 12-Month Inflation below expectations (3.47%) in September: Actual (3.45%)
Mexico Headline Inflation came in at 0.42% below forecasts (0.43%) in September
Mexico Headline Inflation came in at 0.42% below forecasts (0.43%) in September
Mexico Core Inflation below expectations (0.24%) in September: Actual (0.2%)
Mexico Core Inflation below expectations (0.24%) in September: Actual (0.2%)
ECB Accounts: Upside risks surrounding inflation outlook
The accounts of the European Central Bank's (ECB) September policy meeting showed that all members viewed the risks surrounding the inflation outlook as being to the upside, as reported by Reuters.