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US Dollar: Policy risks keep downside bias – ING
ING’s Chris Turner, Francesco Pesole and Frantisek Taborsky note the Dollar starts the week soft as markets await US policy signals from the White House.
United States Chicago Fed National Activity Index dipped from previous -0.02Â to -0.08 in July
United States Chicago Fed National Activity Index dipped from previous -0.02Â to -0.08 in July
Australian Dollar: Cooling inflation but carry remains supportive – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Australia’s July Consumer Price Index (CPI) to ease, with headline and trimmed mean inflation drifting lower, in line with softer labor conditions and wage growth.
WTI Oil retreats toward $85 ahead of US economic offensive against Iran
West Texas Intermediate (WTI) US Oil falls 1.55% on Monday and trades around $85.00 at the time of writing, giving back some of its recent gains as investors take profits ahead of the announcement of new US sanctions against Iran.
CEE FX: Koruna leads as policy diverges – Commerzbank
Commerzbank’s Tatha Ghose reviews recent CEE FX performance, noting that the euro’s strength above 1.17 has supported high-beta PLN and HUF, while the Czech koruna has also gained despite its lower beta profile.
Silver Price Forecast: Buyers stall near $70 after strong rally
Silver (XAG/USD) is little changed on Monday, fluctuating between modest gains and losses near its highest level since mid-June, with buyers struggling to clear the $70 psychological mark.
Hungarian Forint: MNB easing and HUF carry prospects – BNY
BNY’s Geoff Yu describes Hungary as a constructive story within EMEA, with post-election re-rating and scope for continued MNB easing.
Mexico Gross Domestic Product (YoY) below expectations (2.2%) in 2Q: Actual (2.1%)
Mexico Gross Domestic Product (YoY) below expectations (2.2%) in 2Q: Actual (2.1%)
Mexico 1st half-month Inflation climbed from previous 0.07% to 0.1% in August
Mexico 1st half-month Inflation climbed from previous 0.07% to 0.1% in August
Mexico 1st half-month Core Inflation down to 0.08% in August from previous 0.16%
Mexico 1st half-month Core Inflation down to 0.08% in August from previous 0.16%
Mexico Gross Domestic Product (QoQ) registered at 1.4%, below expectations (1.5%) in 2Q
Mexico Gross Domestic Product (QoQ) registered at 1.4%, below expectations (1.5%) in 2Q
Canadian Dollar: GDP rebound supports Loonie – TD Securities
TD Securities economists Robert Both and Emma Lawrence expect Canada’s Q2 National Accounts to show a sharp rebound in Gross Domestic Product (GDP) growth, driven by stronger exports and solid services activity.
US Dollar: Debasement narrative caps upside – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that the US Treasury’s expanded long-end buyback programme has revived market fears of Dollar debasement, driving a weaker USD, stronger Gold and higher breakevens.