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Euro remains weaker against Canadian Dollar following German PMI data
EUR/CAD extends its losses for the second successive day, trading around 1.6100 during the European hours on Friday. The currency cross depreciates as the Euro (EUR) holds losses following the release of HCOB Purchasing Managers’ Index (PMI) data from Germany.
Japanese Yen: September BoJ risk builds – Commerzbank
Volkmar Baur at Commerzbank argues that July inflation and strong Purchasing Managers' Index (PMI) data in Japan suggest price dynamics would not block a Bank of Japan (BoJ) rate hike.
Germany’s flash Manufacturing PMI unexpectedly rises faster to 54.1 vs. 52.0 estimates
German flash HCOB Composite PMI rises moderately to 51.0 in August as the services sector activity contracts again. The Composite PMI was expected to remain steady at 51.3.
British Pound: Upward momentum targets 1.3700 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports GBP/USD at 1.3640 remains supported after breaking key resistance levels, with intraday gains likely capped between 1.3605 and 1.3670.
Germany HCOB Composite PMI below forecasts (51.3) in August: Actual (51)
Germany HCOB Composite PMI below forecasts (51.3) in August: Actual (51)
Germany HCOB Manufacturing PMI came in at 54.1, above expectations (52) in August
Germany HCOB Manufacturing PMI came in at 54.1, above expectations (52) in August
Germany HCOB Services PMI below expectations (50.1) in August: Actual (48.5)
Germany HCOB Services PMI below expectations (50.1) in August: Actual (48.5)
Eurozone Core Harmonized Index of Consumer Prices (MoM): 0% (July)
Eurozone Core Harmonized Index of Consumer Prices (MoM): 0% (July)
Euro: Gentle upside against US Dollar as greenback softens - ING
ING’s Chris Turner says EUR/USD remains well supported by broad Dollar softness. Expected mild eurozone growth in the August PMIs and elevated inflation expectations keep the case for another European Central Bank (ECB) hike alive.
British Pound trades firmly against Japanese Yen ahead of UK flash PMI data
The British Pound (GBP) holds onto Thursday’s gains at around 217.00 against the Japanese Yen (JPY) during the European trading session on Friday.
AUD/USD Price Forecast: Hits fresh high since June as bulls eye gains beyond 0.7150
The AUD/USD pair regains positive traction following the previous day's dismal Aussie jobs data-led modest fall and climbs to a fresh high since early June during the first half of the European session.
France HCOB Services PMI registered at 48.4, below expectations (49.8) in August
France HCOB Services PMI registered at 48.4, below expectations (49.8) in August
France HCOB Composite PMI came in at 48.8 below forecasts (49.5) in August
France HCOB Composite PMI came in at 48.8 below forecasts (49.5) in August