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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.
Dow Jones futures rise ahead of US PMI data
Dow Jones futures gain by 0.12% to trade near 52,350 during European hours on Wednesday. Meanwhile, S&P 500 futures advance by 0.10% to trade around 7,840, while Nasdaq 100 futures inch higher 0.03% to trade near 31,040.
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)
Oil: Geopolitics drive volatile price path – Rabobank
Rabobank strategist Michael Every notes Oil prices are currently lower on hopes for de-escalation in multiple conflicts, including developments around Saudi infrastructure, Iran talks and Ukraine.
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.
Japanese Yen: Downside still favoured toward 158.40 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/JPY after the pair closed at 157.37. They still see scope for further US Dollar (USD) strength, with intraday moves expected within 157.10–157.90 and firm resistance at 158.40.