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United States Average Hourly Earnings (YoY) below expectations (3.2%) in September: Actual (3%)
United States Average Hourly Earnings (YoY) below expectations (3.2%) in September: Actual (3%)
United States Average Weekly Hours came in at 34.4, above expectations (34.3) in September
United States Average Weekly Hours came in at 34.4, above expectations (34.3) in September
United States Average Hourly Earnings (MoM) registered at 0.1%, below expectations (0.3%) in September
United States Average Hourly Earnings (MoM) registered at 0.1%, below expectations (0.3%) in September
Brazil Industrial Output (YoY) came in at -1.2%, below expectations (0.3%) in August
Brazil Industrial Output (YoY) came in at -1.2%, below expectations (0.3%) in August
Brazil Industrial Output (MoM) came in at -0.6%, below expectations (0.1%) in August
Brazil Industrial Output (MoM) came in at -0.6%, below expectations (0.1%) in August
Euro hits fresh two-month lows against British Pound after hot Eurozone inflation data
The Euro (EUR) reverses previous daily gains against the British Pound (GBP) on Friday, diving to fresh two-and-a-half-month lows just above 0.8500, and is set to show a more than 1% weekly decline.
Australian Dollar trades higher against US Dollar ahead of US NFP data
The Australian Dollar (AUD) is 0.17% higher at around 0.6640 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair gains as the Australian Dollar rises despite experts doubting about more Reserve Bank of Australia (RBA) interest rate hikes.
India FX Reserves, USD down to $747.56B in September 21 from previous $765.9B
India FX Reserves, USD down to $747.56B in September 21 from previous $765.9B
Swiss Franc emerges as a safe-haven as global bonds sell off
The Swiss Franc (CHF) is emerging as a safe haven amid the global government bonds sell-off, showing a surprising comeback against an otherwise firm US Dollar (USD) this week, as Switzerland's sound fiscal position stands out with government debt escalating amid the world's leading economies.
Euro: Downside risks despite ECB scope – BBH
Brown Brothers Harriman’s Elias Haddad reports EUR/USD has slightly recovered after hitting fresh cyclical lows, with support at 1.1200 and 1.1111.
Euro underperforms as France fiscal risks mount
The Euro (EUR) trades lower against its major currency peers due to mounting fiscal worries in France. In the European trade, the major currency is down 0.35% at around 177.00 against the Japanese Yen (JPY).
France: Budget strains weigh on outlook – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad warns France’s budget crisis is deepening and complicating Eurozone fiscal dynamics. A minority government’s deficit-reduction plan faces parliamentary hurdles, while the fiscal watchdog calls assumptions optimistic.
Euro-area Inflation: Headline pressures rise – Nordea
Nordea’s Global Macro team of Tuuli Koivu, Jan von Gerich and Anders Svendsen note Euro-area inflation accelerated in September, driven mainly by energy and food.