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Japanese Yen: Intervention risk and JGB appeal – BNY
BNY’s Geoff Yu notes USD/JPY slipping back below 153 as markets heed U.S. Treasury Secretary Scott Bessent’s warning on testing Japanese Yen intervention. The report stresses that a sustained move depends on a broader Bank of Japan tightening cycle.
United States Redbook Index (YoY) fell from previous 9.6% to 8.3% in September 4
United States Redbook Index (YoY) fell from previous 9.6% to 8.3% in September 4
US Dollar: Soft despite supportive fundamentals – ING
ING’s Chris Turner notes the Dollar has been unexpectedly soft despite higher energy prices and firm short-dated US rates ahead of the US August CPI and a likely 25bp Fed hike.
US ADP Employment Change 4-week average increases to 12K
Private-sector hiring in the US has gained some pace in late August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 12K jobs per week in the four weeks ending August 22.
Swiss National Bank: Policy rate seen on prolonged hold – Nomura
Nomura’s Anderson, Buckley and Szczepaniak expect the Swiss National Bank (SNB) to keep its 0.00% policy rate unchanged for the foreseeable future, with inflation below 1% and the neutral rate estimated at around 0%.
United States ADP Employment Change 4-week average: 12K (August 15) vs 11.75K
United States ADP Employment Change 4-week average: 12K (August 15) vs 11.75K
Japanese Yen: Peak view holds as policy shifts loom – DBS
DBS Group Research strategist Chang Wei Liang reiterates that USD/JPY has likely peaked for this cycle, with the pair retreating toward 153 as the Japanese Yen (JPY) leads G10 and Asian currencies.
EUR/GBP Price Forecast: Upside remains capped near 0.8600 as ECB decision looms
EUR/GBP trades in a narrow range on Wednesday as buyers struggle to extend Tuesday’s rebound. The 100-period Simple Moving Average (SMA) at 0.8599 limits the immediate upside, although momentum indicators retain a modest bullish bias.
Mexico Headline Inflation below expectations (0.25%) in August: Actual (0.2%)
Mexico Headline Inflation below expectations (0.25%) in August: Actual (0.2%)
Mexico Core Inflation registered at 0.16%, below expectations (0.2%) in August
Mexico Core Inflation registered at 0.16%, below expectations (0.2%) in August
Mexico 12-Month Inflation came in at 3.26% below forecasts (3.3%) in August
Mexico 12-Month Inflation came in at 3.26% below forecasts (3.3%) in August
Polish Zloty: Hawkish pricing seen at risk of correction against Euro – ING
ING’s Frantisek Taborsky expects the Polish central bank to keep rates at 3.75% as Middle East tensions and higher Oil prices limit easing scope. Markets now price around 80bp of tightening, similar to the Czech Republic, but the NBP is less hawkish.
New Zealand Dollar extends losses below 0.5850 as Oil prices approach the $100 level
The New Zealand Dollar trades lower against the US Dollar (USD) for the third consecutive day on Wednesday, extending losses below 0.5850 to test four-week lows at the 0.5835 area.