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United States ISM Services New Orders Index climbed from previous 57.2 to 60.9 in August
United States ISM Services New Orders Index climbed from previous 57.2 to 60.9 in August
United States S&P Global Services PMI registered at 56.5, below expectations (56.8) in August
United States S&P Global Services PMI registered at 56.5, below expectations (56.8) in August
United States S&P Global Composite PMI in line with forecasts (56) in August
United States S&P Global Composite PMI in line with forecasts (56) in August
Canadian Dollar: Bullish momentum builds after BoC – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is modestly outperforming after a slightly hawkish Bank of Canada (BoC). Policy was left unchanged, but inflation risks were highlighted and December tightening is fully priced.
Japanese Yen: BoJ repricing supports gains against US Dollar – MUFG
MUFG’s Derek Halpenny highlights renewed Japanese Yen strength as markets price in more Bank of Japan hikes following recent comments from Takata and Ueda.
Russia Central Bank Reserves $ climbed from previous $761.2B to $774.2B
Russia Central Bank Reserves $ climbed from previous $761.2B to $774.2B
Swiss Franc strengthens on inflation surprise and broad US Dollar weakness
USD/CHF comes under selling pressure on Thursday as a sharp rally in the Japanese Yen (JPY) weighs broadly on the US Dollar (USD), while the Swiss Franc (CHF) draws support from stronger-than-expected inflation and growth data.
Australian Dollar climbs as softer US labor data weighs on US Dollar
AUD/USD advances on Thursday, trading around 0.7215 at the time of writing, up 0.45% on the day.
Canadian Dollar: Testing support after BoC hold – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad observes USD/CAD is testing key support at 1.3800, where a break could open further downside. The Bank of Canada (BoC) delivered a hawkish hold, keeping rates at 2.25% but warning about increased upside inflation risks.
European Central Bank: September hike with cautious path – TD Securities
TD Securities’ macro team, including Pooja Kumra, expects the ECB to raise the deposit rate by 25bp to 2.50% in September. They see limited forward guidance, with the Governing Council reiterating its data-dependent, meeting-by-meeting approach.
United States Goods Trade Balance: $-119.6B (July) vs previous $-118.8B
United States Goods Trade Balance: $-119.6B (July) vs previous $-118.8B
United States Nonfarm Productivity meets forecasts (1.4%) in 2Q
United States Nonfarm Productivity meets forecasts (1.4%) in 2Q
United States Unit Labor Costs below forecasts (1.3%) in 2Q: Actual (1.2%)
United States Unit Labor Costs below forecasts (1.3%) in 2Q: Actual (1.2%)