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South Africa Producer Price Index (YoY) declined to 5% in August from previous 5.7%
South Africa Producer Price Index (YoY) declined to 5% in August from previous 5.7%
Euro: EUR/USD Bearish risks toward 1.10 â ING
INGâs Francesco Pesole reports EUR/USD has broken below its summer lows, trading near 1.1350 as Dollar strength dominates. He sees limited scope for another large break unless the Federal Reserve hikes in October and stays hawkish, in which case EUR/USD could extend losses toward 1.10.
Swiss Franc edges up from yearly lows despite tepid Economic Expectations data
The Swiss Franc (CHF) shows a moderate recovery on Wednesday, as the US Dollar (USD) trims gains amid a slight pullback in US Treasury yields and dovish Fedspeak.
Greece Retail Sales (YoY) climbed from previous 1.9% to 5.2% in July
Greece Retail Sales (YoY) climbed from previous 1.9% to 5.2% in July
Italy Consumer Price Index (YoY) came in at 4.2%, above forecasts (3.8%) in September
Italy Consumer Price Index (YoY) came in at 4.2%, above forecasts (3.8%) in September
Italy Consumer Price Index (MoM) above expectations (0.3%) in September: Actual (0.7%)
Italy Consumer Price Index (MoM) above expectations (0.3%) in September: Actual (0.7%)
Italy Consumer Price Index (EU Norm) (YoY) came in at 4.1%, above forecasts (3.8%) in September
Italy Consumer Price Index (EU Norm) (YoY) came in at 4.1%, above forecasts (3.8%) in September
Italy Consumer Price Index (EU Norm) (MoM) registered at 2% above expectations (1.8%) in September
Italy Consumer Price Index (EU Norm) (MoM) registered at 2% above expectations (1.8%) in September
Greece Unemployment Rate (MoM) dipped from previous 7.9%Â to 7.4% in August
Greece Unemployment Rate (MoM) dipped from previous 7.9%Â to 7.4% in August
Greece Producer Price Index (YoY) up to 14.9% in August from previous 11.8%
Greece Producer Price Index (YoY) up to 14.9% in August from previous 11.8%
USD/JPY: Yen carry risks build into Q4 â Rabobank
Rabobankâs Global Daily notes that FX markets were surprised by Dollar strength in Q3, with EUR/USD and GBP/USD relatively subdued while USD/JPY saw âhuge actionâ higher. The report warns this move may spill over into the Yen Carry Trade if it continues. Emerging Market FX is also slipping against the Dollar again, except for CNY, which is treated as a separate case.
Breaking: US core PCE inflation stays unchanged at 3% in August vs. 3.3% expected
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, held steady at 3.4% in August, the US Bureau of Economic Analysis (BEA) reported on Wednesday.
TRY: Inflation and easing threaten Lira â Commerzbank
Commerzbankâs Tatha Ghose notes USD/TRY has broken above 49.0, continuing a pattern of defended levels being breached in step-jumps. He downplays the broader systemic impact of a Turkish stock market scandal and instead highlights surging fuel-driven inflation and the prospect of CBT rate cuts. Ghose warns that an easing cycle in an inflation-vulnerable economy is the key risk for the Lira.