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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 â BBH
Brown Brothers Harrimanâs (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.
Japanese Yen weakens as Japanâs 10-year yield hits 3% for first time since 1996
USD/JPY trades around 160.05 on Tuesday at the time of writing, gaining 0.19% on the day, as the Japanese Yen (JPY) remains under pressure against the US Dollar (USD).
United States S&P Global Manufacturing PMI registered at 53.9 above expectations (53.2) in August
United States S&P Global Manufacturing PMI registered at 53.9 above expectations (53.2) in August
Euro area: Inflation jump supports ECB hike â Commerzbank
Commerzbankâs Dr. Vincent Stamer notes that Euro area headline inflation rose to 3.3% in August from 2.9% in July, driven mainly by higher energy prices linked to the Middle East conflict.
Canada S&P Global Manufacturing PMI declined to 53 in August from previous 53.5
Canada S&P Global Manufacturing PMI declined to 53 in August from previous 53.5
Fedâs Barr keeps rate hike on the table as inflation persists
Federal Reserve Governor Michael Barr said inflation remains too high and warned that a rate hike could become necessary if price pressures fail to moderate soon.
USD/CHF Price Forecast: Pair extends recovery above key moving averages
USD/CHF ticks higher on Tuesday as the US Dollar (USD) recoups most of the previous dayâs losses. Hawkish Federal Reserve (Fed) expectations and rising US Treasury yields keep the Greenback underpinned near its recent highs.
âGood newsâ on inflation: ECBâs Nagel sees no second-round effects
Joachim Nagel, European Central Bank (ECB) Governing Council member and Bundesbank President, expressed confidence on Tuesday in the global economic outlook despite geopolitical tensions in the Middle East.
Indian Rupee: RBI seen hiking as inflation risks build â UOB
UOBâs Jester Koh expects the Reserve Bank of India (RBI) to deliver two consecutive 25bps rate hikes starting from the December 2026 Monetary Policy Committee (MPC) meeting, as headline inflation is projected to breach the upper end of the RBIâs 2â6% band by 3QFY27.
Brazil S&P Global Manufacturing PMI declined to 46.3 in August from previous 47.5
Brazil S&P Global Manufacturing PMI declined to 46.3 in August from previous 47.5