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Canadian Dollar: Trade tensions and extended BoC hold – TD Securities
TD Securities highlights asymmetric upside risk in USD/CAD as US–Canada trade tensions escalate.
New Zealand Dollar slumps against US Dollar amid firm hawkish Fed bets
The New Zealand Dollar (NZD) is down 0.35%, marginally below 0.5900 against the US Dollar (USD) during the European trading session on Tuesday.
Euro extends losses against British Pound as Eurozone inflation fails to impress
The Euro (EUR) heads south against the British Pound (GBP) on Tuesday, weighed by somewhat softer inflationary pressures on the Eurozone and downbeat German Retail Sales figures.
Euro: Rebound capped by nearby resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has bounced strongly from 1.1573 after an excessive selloff, but momentum remains subdued. Intraday, the Euro (EUR) is expected to hold within 1.1595–1.1640.
Breaking: US JOLTS Job Openings rise to 7.27 million in July vs. 7.3 million expected
The number of job openings rose slightly to 7.271 million in July from 7.182 million in June, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 7.3 million.
Germany 5-y Note Auction climbed from previous 2.93% to 3.09%
Germany 5-y Note Auction climbed from previous 2.93% to 3.09%
Brazilian Real: Fiscal risks weigh on currency – Commerzbank
Commerzbank’s Michael Pfister highlights that Brazil’s very high real interest rates have not prevented solid GDP growth, as expansionary fiscal policy has offset restrictive monetary conditions. With elections approaching and spending rising again, he warns that budget consolidation may be slow.
Polish Zloty: Fiscal risks cap gains against Euro - Societe Generale
Societe Generale notes that the Polish Zloty strengthened while domestic bonds sold off as August inflation and second-quarter Gross Domestic Product (GDP) exceeded expectations and the government presented its 2027 budget.
CEE FX: Hawkish repricing supports regional currencies – ING
ING strategist Frantisek Taborsky reports that Polish inflation surprised to 3.4% on higher fuel prices, while food prices fell, and a busy data calendar looms for Central and Eastern Europe.
USD/JPY Price Forecast: 20-day EMA becomes dynamic support now
The US Dollar (USD) is up 0.15% to near 160.00 against the Japanese Yen (JPY) during the European trading session on Tuesday.
Euro holds losses against Canadian Dollar following Eurozone HICP data
EUR/CAD continues its losing streak for the fourth successive day, trading around 1.6080 during the European hours on Tuesday. The currency pair continues to trade under pressure as the Euro (EUR) remains subdued.
Japanese Yen: Consolidation before potential push to 160.55 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that USD/JPY has pulled back from 160.20, with intraday price action expected to stay between 159.50 and 160.15 as upward pressure eases.
Eurozone flash HICP rises 3.3% YoY in August, as expected
Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for August arrives at 3.3% Year-on-Year (YoY), as expected, higher than the previous reading of 2.9%. On a monthly basis, inflationary pressures grew at a faster pace of 0.4% against the prior release of 0.2%.