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Australia S&P Global Manufacturing PMI: 49.3 (September) vs previous 52
Australia S&P Global Manufacturing PMI: 49.3 (September) vs previous 52
The New Zealand Dollar dips to a new low and bounces as Crude Oil gets cheaper
Four weeks of selling have taken NZD/USD from just under 0.6000 to its lowest since early July. On Tuesday the pair dipped under 0.5700, then climbed back into the 0.5700 to 0.5800 range it has traded in since September 16, and it's trading in the lower half of that range.
Australian Dollar remains subdued as Fed and RBA hawks collide
The Aussie Dollar is poised to end Tuesday’s session unchanged versus the Greenback amid renewed hopes for an end of the Middle East conflict, while Federal Reserve officials struck a hawkish tone in their speeches. The AUD/USD trades at 0.7114, near Tuesday’s opening price.
The Japanese Yen spikes and unwinds as Iran offers to reopen Hormuz
Cheaper Crude Oil should help the Yen, since Japan buys almost all of its Crude Oil abroad, and on Tuesday it helped only briefly. USD/JPY dropped close to 157.00 after reports that Iran has offered to reopen the Strait of Hormuz, then climbed back to trade near 157.50.
The Euro drops to its lowest since July as the Dollar keeps climbing
About 80% of the Euro's August rally is gone. EUR/USD climbed from near 1.1350 at the end of July to just above 1.1700 in the second half of August, and on Tuesday it dipped under 1.1450 to its lowest since late July before recovering to trade near that level.
The British Pound sets a new September low as Fed officials argue for more
1.3400 has capped GBP/USD in every session since the Fed raised rates on September 16. The pair went through that level on the day of the decision and has failed to get back above it four times since.
Chinese Yuan: RMB gains hinge on PBoC fix – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that the Renminbi (RMB) has extended gains, with USD/CNY breaking below 6.70 as the People's Bank of China (PBoC) strengthened the fix for nine straight sessions ahead of the Trump–Xi meeting.
Singapore Dollar: Sideways bias holds above support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/SGD, noting recent sideways trade around 1.2760.
South Korea Consumer Sentiment Index increased to 106.6 in September from previous 104.5
South Korea Consumer Sentiment Index increased to 106.6 in September from previous 104.5
Banxico expected to stay put as inflation risks block easing – Reuters
A Reuters poll shows that all economists expect that the Mexican Central Bank (Banxico) will hold rates unchanged at 6.50% for the third straight meeting on Thursday.
United States API Weekly Crude Oil Stock above expectations (-0.5M) in September 18: Actual (1.786M)
United States API Weekly Crude Oil Stock above expectations (-0.5M) in September 18: Actual (1.786M)
ECB’s Nagel says restrictive policy cannot be ruled out
The Bundesbank President and European Central Bank (ECB) member Joachim Nagel crossed the wires at a financial event in London on Tuesday, acknowledging that high energy prices had driven inflation off its 2026 target.
South Korean Won: Export surge supports BoK stance – Commerzbank
Commerzbank reports South Korea’s exports for the first 20 days of September jumped 78.3% year-on-year, extending nine months of double-digit growth and led by a 259% surge in semiconductor exports.