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Germany Harmonized Index of Consumer Prices (MoM) above forecasts (0.5%) in September: Actual (0.6%)
Germany Harmonized Index of Consumer Prices (MoM) above forecasts (0.5%) in September: Actual (0.6%)
EUR/GBP Price Forecast: Reaching oversold levels at six-week lows sub-0.8550
The Euro (EUR) is dropping sharply against the British Pound (GBP) on Wednesday, as UK data has endorsed recent claims by Bank of England (BoE) officials to hike interest rates, while German data disappointed on Wednesday.
Brazil Primary Budget Surplus declined to -10B in August from previous 1.4B
Brazil Primary Budget Surplus declined to -10B in August from previous 1.4B
Brazil Nominal Budget Balance registered at -116B, below expectations (-109.4B) in August
Brazil Nominal Budget Balance registered at -116B, below expectations (-109.4B) in August
India M3 Money Supply: 16.6% (September 14) vs previous 16.7%
India M3 Money Supply: 16.6% (September 14) vs previous 16.7%
EUR/USD Price Forecast: At make or a break near 1.1330
The Euro (EUR) is up 0.13% at around 1.1356 against the US Dollar (USD) during the European trading session on Wednesday.
Australian Dollar: Softer CPI keeps RBA pricing in check – BBH
Elias Haddad at Brown Brothers Harriman notes the Australian Dollar is underperforming after a softer August CPI print weighed on RBA cash rate futures. Headline CPI rose less than consensus, while trimmed mean inflation remained steady for a third month.
British Pound: Fiscal tightening risks dovish BOE repricing – BBH
BBH’s Elias Haddad highlights that Pound gains were supported by an upward revision to UK Q2 GDP, with growth beating both prior estimates and Bank of England (BOE) forecasts.
United States MBA Mortgage Applications down to -6% in September 25 from previous -1.5%
United States MBA Mortgage Applications down to -6% in September 25 from previous -1.5%
Australian Dollar clings to early recovery near 0.6970, US data takes centre stage
The Australian Dollar (AUD) holds onto its early recovery move at around 0.6970 against the US Dollar (USD) during the European trading session on Wednesday. Still, the Aussie pair is down 0.19% to near 0.6970.
USD/JPY: Intervention fears steer Yen strength – Societe Generale
Kit Juckes at Societe Generale highlights Japanese Yen outperformance in G10 as markets anticipate further USD/JPY intervention. He argues that strong intervention expectations are driving reluctance to be short Yen, with EUR/JPY likely sold on rallies. However, he cautions that another spike in Oil prices could quickly reverse recent improvements in risk sentiment, keeping overall caution warranted.
Euro: ECB pushback weighs on currency – MUFG
MUFG’s Lee Hardman highlights that European Central Bank (ECB) President Lagarde has pushed back against expectations for another back-to-back ECB rate hike, stressing higher long-term yields and the need for a measured response.
Ireland Retail Sales (YoY) rose from previous 2.2%Â to 4.3% in August
Ireland Retail Sales (YoY) rose from previous 2.2%Â to 4.3% in August