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New Zealand Dollar struggles to rebound despite softer US data
NZD/USD trades around 0.5900 on Tuesday at the time of writing, down 0.24% on the day. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD), which holds onto modest gains despite the release of mixed United States (US) economic data.
Australian Dollar trades cautiously as Fed and RBA rate hike bets clash
AUD/USD trades with a modest downside bias on Tuesday as softer-than-expected United States (US) economic data fail to generate sustained selling pressure on the US Dollar (USD).
Germany: Coalition risks and reform hurdles – Commerzbank
Commerzbank’s Dr. Ralph Solveen analyzes how the Saxony-Anhalt election and two subsequent votes in Berlin and Mecklenburg-Western Pomerania could strain Germany’s CDU/CSU–SPD coalition.
British Pound stalls as mixed US data keeps Fed hawkish bets alive
The Pound Sterling (GBP) trades sideways versus the US Dollar (USD) on Tuesday after mixed US economic data, with manufacturing activity dipping in August, while a strong jobs market backs Federal Reserve (Fed) Chair Kevin Warsh's hawkish tilt. The GBP/USD pair trades at 1.3540, down a modest 0.06%.
United Kingdom: Growth cools as inflation risks build – Deutsche Bank
Deutsche Bank economists Sanjay Raja and Maui Brennan say the UK enters autumn as the fastest-growing G7 economy, helped by strong ICT and AI-related investment and improving productivity.
United States RealClearMarkets/TIPP Economic Optimism (MoM) below forecasts (46.2) in September: Actual (45.6)
United States RealClearMarkets/TIPP Economic Optimism (MoM) below forecasts (46.2) in September: Actual (45.6)
United States JOLTS Job Openings below expectations (7.3M) in July: Actual (7.271M)
United States JOLTS Job Openings below expectations (7.3M) in July: Actual (7.271M)
United States ISM Manufacturing New Orders Index down to 53.7 in August from previous 56.7
United States ISM Manufacturing New Orders Index down to 53.7 in August from previous 56.7
United States ISM Manufacturing PMI came in at 54.6 below forecasts (55.2) in August
United States ISM Manufacturing PMI came in at 54.6 below forecasts (55.2) in August
United States Construction Spending (MoM) below expectations (0%) in July: Actual (-0.5%)
United States Construction Spending (MoM) below expectations (0%) in July: Actual (-0.5%)
United States ISM Manufacturing Prices Paid registered at 71.1, below expectations (72) in August
United States ISM Manufacturing Prices Paid registered at 71.1, below expectations (72) in August
United States ISM Manufacturing Employment Index declined to 51.2 in August from previous 52.8
United States ISM Manufacturing Employment Index declined to 51.2 in August from previous 52.8
Japanese Yen: Yield cap and intervention shape risks – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that rising global bond yields and firmer Oil prices have pushed 30-year US Treasury yields back to pre-buyback levels, while USD/JPY has largely retraced its post-intervention slump.