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British Pound: Stronger growth offsets labour weakness – MUFG
MUFG’s Lee Hardman says the Pound is holding up better than expected despite the worsening energy price shock.
Eurozone ZEW Survey – Economic Sentiment came in at 25.8, below expectations (39.9) in September
Eurozone ZEW Survey – Economic Sentiment came in at 25.8, below expectations (39.9) in September
Eurozone Trade Balance n.s.a. came in at €14.2B, above expectations (€3.7B) in July
Eurozone Trade Balance n.s.a. came in at €14.2B, above expectations (€3.7B) in July
Eurozone Trade Balance s.a. climbed from previous €1.8B to €5B in July
Eurozone Trade Balance s.a. climbed from previous €1.8B to €5B in July
Germany ZEW Survey – Current Situation came in at -47.1, above expectations (-52.2) in September
Germany ZEW Survey – Current Situation came in at -47.1, above expectations (-52.2) in September
Germany ZEW Survey – Economic Sentiment came in at 34.7, below expectations (37) in September
Germany ZEW Survey – Economic Sentiment came in at 34.7, below expectations (37) in September
Australian Dollar holds gains as higher oil prices weigh on Japanese Yen
AUD/JPY gains ground for the second consecutive day, trading around 110.40 during European hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) faces headwinds from rising global oil prices, which significantly inflate import costs for Japan's energy-dependent economy.
CEE FX: Higher rates seen cushioning currencies – ING
ING’s Frantisek Taborsky explains that a surge in energy prices, a jump in US 10-year yields to 5% and a stronger Dollar have hit CEE currencies and pushed local rates higher.
Canadian Dollar languishes near 0.8200 as Fed tightening bets buoy US DollarÂ
The Canadian Dollar (CAD) hovers near monthly lows against the US Dollar (USD) on Tuesday, as rising expectations that the Federal Reserve (Fed) will tighten its monetary policy on Wednesday underpin speculative demand for the Greenback.
Federal Reserve: Rate hiking path and global yields – BNY
BNY’s John Velis expects the Federal Reserve to raise rates by 25bp at this week’s FOMC meeting and sees another hike as likely later this year.
NZD/USD Price Forecast: Finds bids below 61.8% Fibo retracement
The New Zealand Dollar (NZD) recovers half of its early losses against the US Dollar (USD), but is still 0.17% down at around 0.5770 during the European trading session on Tuesday.
Euro advances against Japanese Yen ahead of ZEW Survey data
EUR/JPY extends its gains for the second consecutive day, trading around 179.00 during European hours on Tuesday.
Swiss Franc: Funding role versus haven status – Rabobank
Rabobank’s Senior FX Strategist Jane Foley discusses whether the Swiss Franc (CHF) will shift from safe haven to funding currency status. Foley highlights Swiss National Bank (SNB) intervention during the Iran war, subdued Swiss inflation, and a zero policy rate.