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Canadian Dollar slides with Oil prices, US CPI fails to keep US Dollar higher
USD/CAD rises 0.27% on Friday and trades around 1.3870 at the time of writing, after reaching a daily high of 1.3882 in the immediate reaction to the release of United States (US) inflation data.
United Kingdom: Growth outlook strengthens with AI-driven services – Deutsche Bank
Deutsche Bank’s Chief UK Economist Sanjay Raja highlights stronger-than-expected UK GDP data, with July output rising 0.4% month-on-month and broad-based gains across services, production and construction.
United States Michigan Consumer Expectations Index fell from previous 51.5 to 45.8 in September
United States Michigan Consumer Expectations Index fell from previous 51.5 to 45.8 in September
United States Michigan Consumer Sentiment Index below expectations (51) in September: Actual (47.8)
United States Michigan Consumer Sentiment Index below expectations (51) in September: Actual (47.8)
United States UoM 5-year Consumer Inflation Expectation up to 3.4% in September from previous 3.3%
United States UoM 5-year Consumer Inflation Expectation up to 3.4% in September from previous 3.3%
United States UoM 1-year Consumer Inflation Expectations increased to 4.6% in September from previous 4%
United States UoM 1-year Consumer Inflation Expectations increased to 4.6% in September from previous 4%
Polish Zloty: Dovish stance leaves PLN vulnerable against Euro – ING
ING’s Frantisek Taborsky notes that the National Bank of Poland maintained a dovish stance, signalling no need to adjust rates potentially until mid-next year despite rising inflation.
European Central Bank: Hawkish rate path supports Euro – UOB
UOB economist Lee Sue Ann notes that the European Central Bank (ECB) delivered a widely expected 25 bps hike but signalled a more hawkish stance as inflation risks from the Middle East-driven energy shock remain elevated.
Bank of Japan: Hawkish hike prospects grow – DBS
DBS Group Research analysts Taimur Baig and Chang Wei Liang expect the Bank of Japan (BoJ) to hike rates by 25 bps at its September 17–18 meeting, citing solid Gross Domestic Product (GDP) growth, stronger wages and inflation near the 2% target.
Japanese Yen strengthens as US inflation fails to sustain Dollar rebound
USD/JPY falls 0.54% on Friday and trades around 153.60 at the time of writing.
Russia Foreign Trade climbed from previous $12.461B to $13.594B in July
Russia Foreign Trade climbed from previous $12.461B to $13.594B in July
Germany Current Account n.s.a. climbed from previous €19B to €21.2B in July
Germany Current Account n.s.a. climbed from previous €19B to €21.2B in July
United States Consumer Price Index Core s.a climbed from previous 336.789 to 337.765 in August
United States Consumer Price Index Core s.a climbed from previous 336.789 to 337.765 in August