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Eurozone Trade Balance n.s.a. registered at €8.6B above expectations (€-2.2B) in June
Eurozone Trade Balance n.s.a. registered at €8.6B above expectations (€-2.2B) in June
Eurozone Trade Balance s.a. increased to €1.8B in June from previous €-5B
Eurozone Trade Balance s.a. increased to €1.8B in June from previous €-5B
Eurozone Employment Change (QoQ) meets expectations (0.1%) in 2Q
Eurozone Employment Change (QoQ) meets expectations (0.1%) in 2Q
Eurozone Employment Change (YoY) unchanged at 0.5% in 2Q
Eurozone Employment Change (YoY) unchanged at 0.5% in 2Q
British Pound: Growth resilience supports gains against US Dollar – MUFG
MUFG’s Lee Hardman reports the British Pound (GBP) is the best performing major currency in August, with GBP/USD back above 1.3500. The United Kingdom (UK) economy is proving resilient to the energy price shock linked to the US-Iran conflict, with Q2 GDP up 0.4% after 0.6% in Q1.
Euro flattens against Japanese Yen, ECB-BoJ to raise rates in September
The Euro (EUR) trades flat at around 183.85 against the Japanese Yen (JPY) during the European trading session on Friday. The cross consolidates while investors seek fresh cues regarding whether there will be more United States (US)-Japan joint intervention to prop up the Japanese currency.
Japanese Yen: Shifting rate expectations and currency support – Commerzbank
Commerzbank’s Volkmar Baur notes that Japanese government support for an imminent Bank of Japan rate hike has reinforced market expectations rather than surprised them. Probabilities now favor a hike as early as September, with October fully priced and another move in December possible.
China M2 Money Supply (YoY) registered at 7.7%, below expectations (7.9%) in July
China M2 Money Supply (YoY) registered at 7.7%, below expectations (7.9%) in July
China New Loans fell from previous 1610B to -340B in July
China New Loans fell from previous 1610B to -340B in July
Hong Kong SAR Gross Domestic Product (QoQ) in line with forecasts (-0.6%) in 2Q
Hong Kong SAR Gross Domestic Product (QoQ) in line with forecasts (-0.6%) in 2Q
Hong Kong SAR Gross Domestic Product (YoY) meets forecasts (4.3%) in 2Q
Hong Kong SAR Gross Domestic Product (YoY) meets forecasts (4.3%) in 2Q
Australian Dollar: Upside risk intact above support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD is consolidating intraday between 0.7050 and 0.7075 after a brief spike to 0.7091 failed to build momentum.
Japanese Yen recovers from two-week low on fast BoJ rate hike bets, softer USD
The USD/JPY pair sticks to modest intraday losses through the first half of the European session on Friday, though it manages to hold above the 159.00 mark and remains close to a two-week top set the previous day.