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Euro: Fiscal contagion fears weigh on single currency – MUFG
MUFG’s Lee Hardman highlights that Euro (EUR) weakness at the start of the week reflects mounting concerns over destabilizing financial conditions in the Euro-zone, triggered by a sharp sell-off in French government bonds.
Italy Public Deficit/GDP above forecasts (0%) in 2Q: Actual (2%)
Italy Public Deficit/GDP above forecasts (0%) in 2Q: Actual (2%)
Eurozone HCOB Services PMI meets expectations (53) in September
Eurozone HCOB Services PMI meets expectations (53) in September
Eurozone HCOB Composite PMI meets forecasts (53.1) in September
Eurozone HCOB Composite PMI meets forecasts (53.1) in September
Germany HCOB Services PMI meets expectations (52.9) in September
Germany HCOB Services PMI meets expectations (52.9) in September
Germany HCOB Composite PMI in line with forecasts (53.8) in September
Germany HCOB Composite PMI in line with forecasts (53.8) in September
France HCOB Services PMI below expectations (51.4) in September: Actual (51.2)
France HCOB Services PMI below expectations (51.4) in September: Actual (51.2)
France HCOB Composite PMI came in at 51.1, below expectations (51.2) in September
France HCOB Composite PMI came in at 51.1, below expectations (51.2) in September
US Dollar Index (DXY) clings to gains near 102.30, April 2025 high amid geopolitical risks
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, catches aggressive bids following Friday's dismal US jobs data-led downtick and jumps to a fresh high since April 2025 at the start of a new week.
US Dollar: Rally faces monetary-policy limits – DBS
DBS Group Research economist Philip Wee says the Dollar’s three-week rally is losing monetary-policy support as senior Federal Reserve officials push back against expectations for another rate hike at the October 28 FOMC meeting.
Italy HCOB Services PMI below expectations (54.6) in September: Actual (51.7)
Italy HCOB Services PMI below expectations (54.6) in September: Actual (51.7)
British Pound retreats against Japanese Yen as Japan vows debt control
The British Pound (GBP) slumps 0.3% to near 208.40 in the European trade on Monday after a flat opening at around 209.10.
Australian Dollar weakens amid Middle East tensions, cool inflation
AUD/USD inches lower after registering modest gains in the previous day, trading around 0.6940 during European hours on Monday. The pair remains subdued as the US Dollar (USD) gains ground on rising safe-haven demand, driven primarily by deteriorating geopolitical conditions in the Middle East.