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Belgium Consumer Confidence Index down to -7 in August from previous -5
Belgium Consumer Confidence Index down to -7 in August from previous -5
Euro steadies against British Pound as strong PMIs offer support on both sides
EUR/GBP trades around 0.8570 on Friday at the time of writing, virtually unchanged on the day.
Japanese Yen sticks to gains amid hawkish BoJ bets as USD stays weak on Fed expectations
The USD/JPY pair struggles to capitalize on the previous day's recovery from the 158.00 mark, or a one-and-a-half-week low, and meets with fresh supply on Friday.
Federal Reserve: Backstop doubts and high intervention bar – BNY
BNY’s David Tam stresses that while the Federal Reserve retains legal capacity to support corporate credit, the current Warsh Fed is unlikely to repeat Covid‑era interventions.
Polish Zloty: Inflation re-acceleration weighs on PLN – Commerzbank
Commerzbank’s Tatha Ghose highlights growing challenges for Polish policymakers, citing stretched fiscal plans and accelerating underlying inflation.
United Kingdom flash Services PMI expands faster to 52.8 in August, beats 51.8 estimates
The United Kingdom (UK) S&P Global Composite Purchasing Managers' Index (PMI) expanded surprisingly at a faster pace to 52.5 in August due to robust service sector activity. The Composite PMI was expected to arrive lower at 51.6 from 52.2 in July.
United Kingdom S&P Global Services PMI registered at 52.8 above expectations (51.8) in August
United Kingdom S&P Global Services PMI registered at 52.8 above expectations (51.8) in August
United Kingdom S&P Global Manufacturing PMI in line with expectations (51.5) in August
United Kingdom S&P Global Manufacturing PMI in line with expectations (51.5) in August
United Kingdom S&P Global Composite PMI above expectations (51.6) in August: Actual (52.5)
United Kingdom S&P Global Composite PMI above expectations (51.6) in August: Actual (52.5)
Japanese Yen: Range-bound with mild upside against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/JPY at 159.00 rebounded sharply from 158.00, but now looks set to trade between 158.50 and 159.35 intraday.
Euro holds near three-month highs as Eurozone Flash PMIs beat expectations
The Euro (EUR) is trading a few pips below 1.1700 against a depressed US Dollar (USD) on Friday, on track for a more than 1% weekly rally, and with the three-month high of 1.1710 at a short distance.
New Zealand Dollar: Extreme shorts face a high bar for further losses – MUFG
MUFG’s Derek Halpenny sees a tension between aggressive Reserve Bank of New Zealand (RBNZ) tightening expectations and increasingly stretched short positioning in the New Zealand Dollar (NZD).
Canadian Dollar stands firm near three-month high vs weak USD ahead of data
The USD/CAD pair remains under some selling pressure for the third consecutive day and trades near a three-month low, just above mid-1.3700s during the first half of the European session on Friday.