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United States S&P Global Services PMI came in at 56.8, above forecasts (54) in August
United States S&P Global Services PMI came in at 56.8, above forecasts (54) in August
United States S&P Global Composite PMI increased to 56 in August from previous 54.5
United States S&P Global Composite PMI increased to 56 in August from previous 54.5
British Pound: Mixed data but Sterling supported – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad says GBP/USD is firmer on broad US Dollar (USD) weakness despite mixed United Kingdom (UK) data.
Canadian Dollar: Bullish structure points to 1.35 handle against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) continues to show strength against the US Dollar (USD).
Euro area: PMIs signal resilient growth – Nomura
Nomura’s European Economics team notes that Euro area August Purchasing Managers' Index (PMI) showed resilient growth, led by a strong manufacturing rebound, while price pressures eased.
Canadian Dollar heads for fourth weekly gain on weaker US Dollar, elevated Oil prices
USD/CAD extends its decline on Friday as broad US Dollar (USD) weakness and elevated Oil prices provide a double boost to the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3745, while the Loonie is on track for a fourth consecutive weekly gain.
Brent: Supply risks keep prices elevated – Commerzbank
Commerzbank’s Barbara Lambrecht says tensions around the Strait of Hormuz and tight diesel inventories continue to support Brent. With prices near USD 94 and almost 20% above their early-August lows, Brent remains well below its April peak.
WTI advances as supply tensions overshadow US inventory build
West Texas Intermediate (WTI) US Oil trades around $86.50 on Friday at the time of writing, up 0.63% on the day. US Oil remains close to Thursday’s high of $87.38, its highest level in more than three weeks, as concerns about global energy supplies continue to support prices.
US Dollar: Bearish regime reinforced by bull flattener – TD Securities
TD Securities strategists argue that the United States (US) Treasury buyback announcement has reinforced bearish momentum for the Dollar.
Japanese Yen: Support test as Japan data firm – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/JPY testing key support at its 200-day moving average as Japanese data firm.
Canada Retail Sales ex Autos (MoM) registered at 0.5% above expectations (0.4%) in June
Canada Retail Sales ex Autos (MoM) registered at 0.5% above expectations (0.4%) in June
Canada Retail Sales (MoM) came in at 0.6%, above expectations (0.4%) in June
Canada Retail Sales (MoM) came in at 0.6%, above expectations (0.4%) in June
Indonesia: Expansionary stance with narrowing buffer – Standard Chartered
Standard Chartered’s Aldian Taloputra assesses Indonesia’s 2027 fiscal plans, noting a targeted deficit of 2.4% of GDP versus 2.9% in 2026. The bank maintains its own forecast of a 2.9%-of-GDP deficit, citing ambitious revenue assumptions and potential tax shortfalls.