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Hungarian Forint: Inflation surprise and HUF dynamics – ING
ING’s Frantisek Taborsky highlights that Hungarian inflation rebounded to 1.3% in August but stayed below expectations and the NBH’s forecast, with price growth seen remaining under target this year.
Equities: Tech leadership with Astra boost – Danske Bank
Danske Bank notes European equities were broadly flat on Monday, with the Stoxx 600 unchanged and OMX Nordic slightly higher, while Asian markets rallied in thin trading as US markets were closed for Labor Day.
Euro dips to session lows near 0.8580 following German Trade Balance data
The Euro (EUR) extends losses for the third consecutive day against the British Pound (GBP) on Tuesday, as German Trade Balance data added to evidence of the frail recovery of the Euro Area's leading economy.
Austria Trade Balance rose from previous €-635.5M to €-29.2M in June
Austria Trade Balance rose from previous €-635.5M to €-29.2M in June
Swiss Franc steadies as Fed hike expectations offset safe-haven flows
The USD/CHF pair flatlines near 0.8090 during the early European trading hours on Tuesday. Traders brace for crucial US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation data later this week.Â
France Exports, EUR: €54.677B (July) vs €54.537B
France Exports, EUR: €54.677B (July) vs €54.537B
France Trade Balance EUR came in at €-6.669B, below expectations (€-6B) in July
France Trade Balance EUR came in at €-6.669B, below expectations (€-6B) in July
France Current Account dipped from previous €-1.4B to €-4.7B in July
France Current Account dipped from previous €-1.4B to €-4.7B in July
France Imports, EUR dipped from previous €60.384B to €31.346B in July
France Imports, EUR dipped from previous €60.384B to €31.346B in July
Euro: Range-bound risks against US Dollar with ECB focus – OCBC
OCBC’s Christopher Wong notes EUR/USD is holding near 1.16 as a softer US Dollar (USD) and firmer Euro-area data offset higher Oil prices.
Japanese Yen: Strengthens against US Dollar on BoJ outlook - MUFG
MUFG’s Michael Wan notes the Japanese Yen has strengthened below 154 against the US Dollar (USD), its firmest level since February, as markets price faster Bank of Japan tightening.
AUD/JPY Price Forecast: Weakens below 111.00, remains capped below 100-day SMA
The AUD/JPY cross trades in negative territory around 110.75 during the early European trading hours on Tuesday.
Denmark Trade Balance increased to 40.5B in July from previous 28.7B
Denmark Trade Balance increased to 40.5B in July from previous 28.7B