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Bank of Canada: Gradual tightening path into 2027 – NBC
National Bank of Canada's (NBC) Taylor Schleich and Ethan Currie reaffirm their Bank of Canada (BoC) rate call, arguing that despite stronger Canadian labour data and robust Q2 GDP, accumulated slack and data lags should delay tightening.
US Initial Jobless Claims increased to 209K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance rose to 209K for the week ending August 8.
United States Continuing Jobless Claims below forecasts (1.8M) in July 31: Actual (1.777M)
United States Continuing Jobless Claims below forecasts (1.8M) in July 31: Actual (1.777M)
United States Producer Price Index (YoY) below expectations (4.9%) in July: Actual (4.7%)
United States Producer Price Index (YoY) below expectations (4.9%) in July: Actual (4.7%)
United States Producer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in July
United States Producer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in July
United States Producer Price Index ex Food & Energy (YoY) in line with forecasts (4.2%) in July
United States Producer Price Index ex Food & Energy (YoY) in line with forecasts (4.2%) in July
United States Producer Price Index (MoM) registered at 0%, below expectations (0.2%) in July
United States Producer Price Index (MoM) registered at 0%, below expectations (0.2%) in July
United States Initial Jobless Claims 4-week average increased to 199K in August 7 from previous 198.75K
United States Initial Jobless Claims 4-week average increased to 199K in August 7 from previous 198.75K
United States Initial Jobless Claims registered at 209K above expectations (202K) in August 7
United States Initial Jobless Claims registered at 209K above expectations (202K) in August 7
Euro steadies against Japanese Yen as ECB rate hike expectations strengthen
EUR/JPY trades around 183.80 on Thursday at the time of writing, little changed on the day.
Indian Rupee: Benign inflation reinforces RBI pause – DBS
DBS Group Research economist Radhika Rao analyzes India’s July inflation data and its implications for the Reserve Bank of India. She notes that benign core inflation and limited spillovers from external shocks support a continued RBI policy pause.
New Zealand Dollar: Anchored expectations back RBNZ hikes – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes NZD/USD briefly dipped below its 200-day moving average as the Reserve Bank of New Zealand (RBNZ) Q3 inflation expectations survey showed mixed but well-anchored readings near the 2% midpoint.
Brazil Retail Sales (MoM) above expectations (0.3%) in June: Actual (0.5%)
Brazil Retail Sales (MoM) above expectations (0.3%) in June: Actual (0.5%)