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United Kingdom Consumer Inflation Expectations dipped from previous 4%Ā to 3.2%
United Kingdom Consumer Inflation Expectations dipped from previous 4%Ā to 3.2%
Breaking: US CPI inflation stays unchanged at 3.4% in August as anticipated
Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), held steady at 3.4% in August, the US Bureau of Labor Statistics (BLS) reported on Friday. This print came in line with the market expectation.
British Pound: Strong data clashes with dovish BoE view ā ING
Francesco Pesole at ING argues that despite stronger United Kingdom (UK) Gross Domestic Product (GDP) data and resilient Sterling, the move in Gilts is largely externally driven and not about domestic fiscal fears.
Euro fails at 179.50 as BoJ tightening hopes underpin Japanese Yen
The Euro (EUR) retreated below 179.00 against the Japanese Yen (JPY) on Friday, as the mild recovery seen after Thursday's European Central Bank (ECB) meeting failed to find follow-through above 179.50.
Polish Zloty: NBP turns cautious as inflation rises ā Commerzbank
Commerzbankās Antje Praefcke reports that the Polish central bank kept its key rate at 3.75%, while Governor GlapiÅski signalled no cuts until year-end after previously sounding dovish.
EUR/USD Price Forecast: Likely find direction after US CPI data
The Euro (EUR) trades subduedly at around 1.1608 against the US Dollar (USD) during the European trading session on Friday.
Euro steadies against Canadian Dollar amid ECB hawkish sentiment, lower oil prices
EUR/CAD experienced volatility but remained flat for the second successive day, hovering around 1.6060 during European hours on Friday. The currency cross may rise as the Euro (EUR) could receive support due to ongoing hawkish sentiment surrounding the European Central Bank (ECB) policy outlook.
Copper: Tariff risks keep prices vulnerable ā ING
INGās Commodities Strategist Ewa Manthey notes that Copper has dropped sharply after a Reuters report suggested a US decision on refined Copper tariffs is still pending, highlighting how a tariff premium has driven prices beyond fundamentals.
Forex Today: US Dollar consolidates gains as focus shifts to cricital inflation report
Here is what you need to know on Friday, September 11:
UK Chancellor Healey: Economy demonstrates welcome resilience despite global uncertainty
United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trading session on Friday, āBritainās economy is demonstrating a welcome resilience, despite serious global uncertainty.ā
Norwegian Krone: Softer inflation clouds September hike odds ā Danske Bank
Danske Research Team reports that Norwegian core inflation rose to 3.0% year-on-year in August, below Norges Bankās June projection of 3.3%.
USD/JPY Price Forecast: US Dollar recovery, likely to be tested at 155.20
The Japanese Yen (JPY) ticks up against the US Dollar (USD) on Friday, trimming some losses after a moderate reversal on Thursday.
Swiss Franc: Downtrend eyes 0.8155ā0.8175 zone against US Dollar ā UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has broken higher toward 0.8147, with overbought but still constructive momentum suggesting scope to test 0.8155 intraday.