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Greece Unemployment Rate (MoM) declined to 7.9% in July from previous 8%
Greece Unemployment Rate (MoM) declined to 7.9% in July from previous 8%
USD/JPY Price Forecast: US Dollar keeps crawling towards the key 160.00 area
The Japanese Yen (JPY) pares some losses on Monday’s European session, as the US Dollar (USD) pulls back against its main peers, with the dust from the Jackson Hole meeting settling.
Euro: Downside risk remains in focus against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight an unexpectedly sharp EUR/USD drop to 1.1577, with the pair closing weaker at 1.1584. They see scope for further downside but doubts a quick test of 1.1550 due to oversold conditions.
Euro recovers against US Dollar, German CPI accelerates
The Euro (EUR) is up 0.15% to near 1.1600 against the US Dollar (USD) during the European trading session on Monday. The major currency pair gains as the US Dollar corrects after a strong Friday.
Australian Dollar: RBA hike risks linger – OCBC
OCBC FX Strategist Sim Moh Siong and Christopher Wong note that stronger Australian Consumer Price Index (CPI) and resilient household spending have revived expectations of another Reserve Bank of Australia (RBA) hike, helping AUD/USD retest resistance near 0.7180–0.7200.
New Zealand Dollar: RBNZ set for second hike – BNY
BNY’s Geoff Yu expects the Reserve Bank of New Zealand to deliver another 25bp hike to 2.75%, supported by elevated inflation and strong confidence data.
Hong Kong SAR Retail Sales declined to 4.5% in July from previous 4.6%
Hong Kong SAR Retail Sales declined to 4.5% in July from previous 4.6%
Polish Zloty: Fiscal slippage and cautious NBP weigh – Commerzbank
Commerzbank’s Tatha Ghose highlights that recent Polish fiscal and monetary developments are negative for the Polish Zloty.
Euro strengthens against Canadian Dollar ahead of Germany’s HICP data
EUR/CAD appreciates after two days of losses, trading around 1.6120 during the European hours on Monday.
Canadian Dollar remains on the front foot vs soft USD; lacks bullish conviction
The USD/CAD pair pulls back from an over two-week high, around the 1.3910-1.3915 region, earlier this Monday, stalling the recent goodish recovery from a three-month low. Spot prices, however, lack follow-through selling and trade just below the 1.3900 mark during the early European session.
Canadian Dollar: BoC on hold keeps pair supported – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Canada (BoC) to keep its policy rate unchanged at 2.25% for a seventh straight meeting, as core inflation near 2% allows policymakers to cushion activity against US-Canada trade tensions.
Spain Current Account Balance climbed from previous €1.84B to €2.41B in June
Spain Current Account Balance climbed from previous €1.84B to €2.41B in June
Swiss Franc edges up from 0.8100 as the US Dollar trims Friday’s gains
The Swiss Franc (CHF) shows moderate gains on Monday's early European session, as the US Dollar (USD) loses momentum with the dust of the Jackson Hole summit settling.