Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Canadian Dollar awaits fresh catalyst with Warsh, GDP data in focus
USD/CAD trades around 1.3845 on Friday, edging 0.07% lower on the day, as investors refrain from taking large positions ahead of the highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.
Brazilian Real: Election polls and carry underpin BRL â ING
INGâs Chris Turner notes a supportive backdrop for carry trades and says the Brazilian Real (BRL) is also benefiting from polling that narrows President Lulaâs lead over Flavio Bolsonaro to one point.
Brazil Inflation Index/IGP-M above forecasts (-0.25%) in August: Actual (-0.22%)
Brazil Inflation Index/IGP-M above forecasts (-0.25%) in August: Actual (-0.22%)
âState terrorismâ: Iran condemns new US economic measures
Iran strongly condemned the latest economic measures imposed by the United States (US) on Friday, describing Washington's sanctions policy as âstate terrorismâ, according to a statement from the Iranian Foreign Ministry cited by Reuters.
India Manufacturing Output: 7.3% (July) vs previous 7.8%
India Manufacturing Output: 7.3% (July) vs previous 7.8%
India Industrial Output came in at 6.7%, above expectations (6%) in July
India Industrial Output came in at 6.7%, above expectations (6%) in July
India Cumulative Industrial Output rose from previous 5.8%Â to 6.3% in July
India Cumulative Industrial Output rose from previous 5.8%Â to 6.3% in July
Australian Dollar tests three-month highs above 0.7200 with all eyes on Fedâs Warsh
The Australian Dollar (AUD) ticks higher for the fourth consecutive day against the US Dollar (USD) as investors brace for the Federal Reserve (Fed) Chairman Kevin Warshâs speech at the Jackson Hole Symposium, due later on Friday.
"Anything else would likely put the Japanese Yen under significant pressure": Commerzbank on why BoJ should hike rates
The Japanese Yen (JPY) is holding within a narrow trading range against the US Dollar (USD) at around 159.35, but pressures are rising following an acceleration in Tokyo inflation data.
Canadian Dollar: Trade war clouds Q2 GDP rebound â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes USD/CAD is trading just above its 200âday moving average near 1.3840 as Canadaâs Q2 GDP is expected to rebound strongly, with real GDP seen rising 3.4% SAAR versus a slight Q1 contraction.
Ireland Retail Sales (MoM) climbed from previous 0.4% to 1.3% in July
Ireland Retail Sales (MoM) climbed from previous 0.4% to 1.3% in July
Ireland Retail Sales (YoY) rose from previous 0.6%Â to 2.2% in July
Ireland Retail Sales (YoY) rose from previous 0.6%Â to 2.2% in July
Japanese Yen: Weak currency and cheap burgers â Nordea
Nordeaâs Helge J. Pedersen argues that the Japanese Yen appears significantly undervalued versus the Dollar on both OECD purchasing power parity estimates and The Economistâs Big Mac Index.