Market News
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United States Export Price Index (YoY) above forecasts (0%) in August: Actual (8.6%)
United States Export Price Index (YoY) above forecasts (0%) in August: Actual (8.6%)
United States Retail Sales Control Group rose from previous -0.4%Â to 1.4% in August
United States Retail Sales Control Group rose from previous -0.4%Â to 1.4% in August
United States Retail Sales ex Autos (MoM) came in at 1.4%, above expectations (0.5%) in August
United States Retail Sales ex Autos (MoM) came in at 1.4%, above expectations (0.5%) in August
Canada Building Permits (MoM) came in at -17.3% below forecasts (-5.8%) in July
Canada Building Permits (MoM) came in at -17.3% below forecasts (-5.8%) in July
United States Retail Sales (MoM) above forecasts (0.8%) in August: Actual (1.2%)
United States Retail Sales (MoM) above forecasts (0.8%) in August: Actual (1.2%)
United States Import Price Index (MoM) came in at 0.7%, above forecasts (0.4%) in August
United States Import Price Index (MoM) came in at 0.7%, above forecasts (0.4%) in August
United States Export Price Index (MoM) above forecasts (0.5%) in August: Actual (0.6%)
United States Export Price Index (MoM) above forecasts (0.5%) in August: Actual (0.6%)
US Dollar: Modestly bearish path under gridlock – TD Securities
TD Securities’ Jayati Bharadwaj expects a divided Congress to keep macro fundamentals as the main driver for FX, maintaining a modestly bearish view on the Dollar into year-end.
British Pound extends losses against Euro with BoE decision in focus
EUR/GBP extends its recovery on Wednesday after bouncing from the 50-day Simple Moving Average (SMA) at 0.8555 on Monday, its lowest level in two weeks.
Canada Housing Starts s.a (YoY) came in at 229K, below expectations (240K) in August
Canada Housing Starts s.a (YoY) came in at 229K, below expectations (240K) in August
Euro: Recovery does not justify stronger EUR – BNY
BNY’s Geoff Yu argues that while Eurozone growth and inflation risks are real, being long the Euro (EUR) is not the best way to express this view.
British Pound: Data back Bank of England pause – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights that United Kingdom (UK) inflation matched expectations at 3.1% y/y, with higher energy and fuel prices driving the rise, while core and services Consumer Price Index (CPI) remained unchanged.
Canadian Dollar tests monthly lows against US Dollar ahead of Fed decision
The Canadian Dollar (CAD) trades lower against a firm US Dollar (USD) on Wednesday, with the market positioned for a quarter rate hike by the Federal Reserve (Fed), the first one in three years, later in the day.