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Austria Unemployment up to 298.9K in July from previous 295.5K
Austria Unemployment up to 298.9K in July from previous 295.5K
Forex Today: Mood improves as US and Iran renew push for diplomatic solution
Here is what you need to know on Monday, August 3:
Japanese Yen: Joint intervention signals potential turning point – MUFG
MUFG’s Michael Wan highlights that the Japanese Yen (JPY) has strengthened sharply, with USD/JPY dropping from around 164 after suspected intervention by Japan’s Ministry of Finance (MoF) and confirmed joint action with the US Treasury.
Canadian Dollar weakens on falling oil prices amid US-Iran talk hopes
The USD/CAD pair gathers strength to near 1.4030 during the early European session on Monday. A fall in crude oil prices weighs on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). The US ISM Manufacturing Purchasing Managers Index (PMI) data will be released later on Monday.Â
Oil: Prices slide on halted strikes – Commerzbank
Commerzbank’s FX Research team reports that Brent Oil opened over 7% lower under USD84 into the Asian session after President Trump said the US would hold off on new strikes against Iran.
Sweden Manufacturing PMI fell from previous 58.3 to 55.8 in July
Sweden Manufacturing PMI fell from previous 58.3 to 55.8 in July
Switzerland Consumer Price Index (MoM) meets forecasts (-0.1%) in July
Switzerland Consumer Price Index (MoM) meets forecasts (-0.1%) in July
Switzerland Consumer Price Index (YoY) declined to 0.4% in July from previous 0.5%
Switzerland Consumer Price Index (YoY) declined to 0.4% in July from previous 0.5%
GBP/USD Price Forecast: At make or a break around 1.3500
The British Pound (GBP) underperforms its major currency peers, trading 0.1% lower at around 1.3470 against the US Dollar (USD) during the early European trading session on Monday.
Euro: Rebound eyes key resistance band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes EUR/USD rebounded sharply after a dip to 1.1453, with scope to extend gains toward 1.1565 intraday, provided it holds above 1.1495.
Germany’s Retail Sales fall by 1.1% MoM in June vs. -0.5% expected
German Retail Sales, a key measure of consumer spending, showed a downside in June. The consumer spending measure fell 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.5%. In May, Retail Sales rose by 1.2% (revised from 1.1%)
Germany Retail Sales (MoM) came in at -1.1% below forecasts (-0.5%) in June
Germany Retail Sales (MoM) came in at -1.1% below forecasts (-0.5%) in June
Germany Retail Sales (YoY): -0.2% (June) vs previous 1.8%
Germany Retail Sales (YoY): -0.2% (June) vs previous 1.8%