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Sterlingās rally stalls as US jobs data reopens Fed debate
The Pound Sterling (GBP) retreats some 0.09% against the US Dollar (USD) on Friday as the latest US inflation report reaffirmed Federal Reserve (Fed) Chair Kevin Warsh's view that the labor market is āconsistent with full employment.ā GBP/USD trades near the open at 1.3512.
Japan CFTC JPY NC Net Positions down to Ā„-92.2K from previous Ā„-63.3K
Japan CFTC JPY NC Net Positions down to Ā„-92.2K from previous Ā„-63.3K
Eurozone CFTC EUR NC Net Positions increased to ā¬-24.9K from previous ā¬-36.4K
Eurozone CFTC EUR NC Net Positions increased to ā¬-24.9K from previous ā¬-36.4K
United States CFTC S&P 500 NC Net Positions: $-75.9K vs previous $-68K
United States CFTC S&P 500 NC Net Positions: $-75.9K vs previous $-68K
United Kingdom CFTC GBP NC Net Positions dipped from previous Ā£-44.5KĀ to Ā£-49.6K
United Kingdom CFTC GBP NC Net Positions dipped from previous Ā£-44.5KĀ to Ā£-49.6K
Australia CFTC AUD NC Net Positions: $-39.4K vs $-44.5K
Australia CFTC AUD NC Net Positions: $-39.4K vs $-44.5K
United States CFTC Oil NC Net Positions climbed from previous 123.4K to 129.9K
United States CFTC Oil NC Net Positions climbed from previous 123.4K to 129.9K
Malaysia: Hawkish pause keeps options open ā DBS
DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expects rates to remain unchanged through 2026 but sees risks tilted towards a one-off policy normalisation.
Indian Rupee: Dollar inflows support INR but impulse may fade ā OCBC
OCBCās Christopher Wong notes that strong foreign-currency inflows linked to the RBIās special measures have bolstered the Indian Rupee (INR) and strengthened the central bankās FX buffer.
Brazil Trade Balance came in at 7.39B, above forecasts (7.14B) in August
Brazil Trade Balance came in at 7.39B, above forecasts (7.14B) in August
Eurozone: Inflation above target into 2027 ā Nordea
Nordea expects Eurozone inflation dynamics to stay persistent, with headline inflation projected above the ECBās target at least until spring 2027.
Turkey: CBRT likely to hold before two Q4 rate cuts - ING
INGās Muhammet Mercan notes the Central Bank of the Republic of TĆ¼rkiye (CBRT) has normalised liquidity via weekly repo auctions, bringing effective funding costs down to the 37% policy rate.
Australian Dollar resumes advance as US Dollar loses post-NFP momentum
AUD/USD resumes its advance on Friday after a brief bout of weakness following a stronger-than-expected United States (US) employment report.