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Euro: Political stress and limited FX reaction – Commerzbank
Commerzbank analysts Michael Pfister and Tatha Ghose examine how Euro political risks, especially in France, Spain and Italy, transmit to EUR/USD and a trade-weighted Euro.
Italy Unemployment above forecasts (5.7%) in August: Actual (6.2%)
Italy Unemployment above forecasts (5.7%) in August: Actual (6.2%)
Greece S&P Global Manufacturing PMI came in at 54, above expectations (0) in September
Greece S&P Global Manufacturing PMI came in at 54, above expectations (0) in September
Eurozone HCOB Manufacturing PMI came in at 52.9, above expectations (52.7) in September
Eurozone HCOB Manufacturing PMI came in at 52.9, above expectations (52.7) in September
Germany HCOB Manufacturing PMI registered at 53.9 above expectations (53.8) in September
Germany HCOB Manufacturing PMI registered at 53.9 above expectations (53.8) in September
France HCOB Manufacturing PMI above forecasts (50.3) in September: Actual (50.6)
France HCOB Manufacturing PMI above forecasts (50.3) in September: Actual (50.6)
Austria Unemployment above expectations (0K) in September: Actual (306.6K)
Austria Unemployment above expectations (0K) in September: Actual (306.6K)
Austria Unemployment Rate above expectations (0%) in September: Actual (7.1%)
Austria Unemployment Rate above expectations (0%) in September: Actual (7.1%)
Italy HCOB Manufacturing PMI came in at 50.4, above forecasts (49.9) in September
Italy HCOB Manufacturing PMI came in at 50.4, above forecasts (49.9) in September
Switzerland SVME - Purchasing Managers' Index came in at 55.3, below expectations (56) in September
Switzerland SVME - Purchasing Managers' Index came in at 55.3, below expectations (56) in September
Swiss Franc drops to fresh 16-month lows as CPI data supports SNB’s dovishness
The Swiss Franc (CHF) extends losses against a firm US Dollar (USD) on Thursday, as Swiss inflation data allows the Swiss National Bank (SNB) to keep interest rates lower for longer, while the Greenback remains buoyed by higher US Treasury yields.
Spain HCOB Manufacturing PMI above expectations (50.2) in September: Actual (51)
Spain HCOB Manufacturing PMI above expectations (50.2) in September: Actual (51)
New Zealand Dollar weakens toward 0.5600 as bitterly fought election looms
The NZD/USD pair loses momentum to near 0.5615 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the tighter New Zealand election race raises investor fears on policy backflips.