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The Japanese Yen spikes on softer US inflation and gives the gain back
Softer US inflation pulled October Fed hike odds down to near 35%, and USD/JPY fell below 156.50 on the release. It finished back just under 157.50, its fourth straight close on the 157.00 handle. The Yen got the US number it needed and USD/JPY still closed a touch above where it opened.
Japanās Tankan Large Manufacturing Index rises to 24 in Q3 vs. 25 expected
The Bank of Japanās (BoJ) Tankan survey of business sentiment improved slightly but missed market forecasts in the manufacturing sector.Ā Japanās Tankan Large Manufacturing Index rose to 24 in the third quarter (Q3) from 22 in the previous reading, weaker than the market expectation of 25.
Japan Tankan Non - Manufacturing Index below forecasts (36) in 3Q: Actual (35)
Japan Tankan Non - Manufacturing Index below forecasts (36) in 3Q: Actual (35)
Japan Tankan Large Manufacturing Index below expectations (25) in 3Q: Actual (24)
Japan Tankan Large Manufacturing Index below expectations (25) in 3Q: Actual (24)
Japan Tankan Large All Industry Capex came in at 11.3% below forecasts (12.3%) in 3Q
Japan Tankan Large All Industry Capex came in at 11.3% below forecasts (12.3%) in 3Q
The New Zealand Dollar edges lower as US yields outweigh China's beats
The Kiwi has followed US bond yields all month, and better numbers from New Zealand's biggest export market didn't change that on Wednesday. China's official services index came in at 50.2 against a 49.3 forecast, and the private services and factory gauges beat as well.
The Euro slips as Europe's biggest economies report hotter inflation
Germany, France, Italy and Spain all reported September inflation above forecast, which should have lifted bets on another European Central Bank (ECB) hike and the Euro with them. EUR/USD closed lower instead, its second straight close under 1.1350.
The British Pound rallies on a UK growth upgrade and gives more than half back
Markets put a better than 80% chance on the Bank of England (BoE) raising the UK's Bank Rate from 3.75% on November 5, and GBP/USD still couldn't close above 1.3300.
Australia S&P Global Manufacturing PMI above expectations (49.3) in September: Actual (49.6)
Australia S&P Global Manufacturing PMI above expectations (49.3) in September: Actual (49.6)
Aussie Dollar slips below 0.70 as Bullock dovishness trumps soft PCE
The Aussie Dollar posted losses of 0.57% against the US Dollar on Wednesday, even though US data trimmed hawkish bets on the Federal Reserve, while the dovish tilt of RBAās Governor Michele Bullock weighed on the antipodean.
Fedās Kashkari questions policy tightness as economy stays strong
Minneapolis Fed President Neel Kashkari said, āInflation is still too high, about 3%, new data doesn't alter outlook,ā he said at a Q&A at the Council on Foreign Relations.
USD/JPY Price Forecast: 50-day SMA caps recovery near 158.00
The USD/JPY registers modest gains of 0.08% on Wednesday after US inflation data trimmed market bets on a Federal Reserve rate hike at the October 28 meeting. At the time of writing, the pair trades at 157.42.
New Zealand Building Permits s.a. (MoM) climbed from previous -4.3% to 5.6% in August
New Zealand Building Permits s.a. (MoM) climbed from previous -4.3% to 5.6% in August