Market News
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Euro: Seen back toward 1.15 against US Dollar – ING
ING’s Francesco Pesole notes that EUR/USD may have bottomed last week if markets maintain a constructive view on further geopolitical de-escalation. He argues a sustained move above 1.15 still requires dovish Federal Reserve (Fed) repricing and stabilised risk sentiment.
Swiss Franc: Policy gap favours further losses against Euro – MUFG
MUFG’s Lee Hardman reports that the Swiss Franc (CHF) continues to weaken versus the Euro, with EUR/CHF reaching new highs as widening yield differentials favour the Euro.
Germany 10-y Bond Auction up to 3.13% from previous 3.09%
Germany 10-y Bond Auction up to 3.13% from previous 3.09%
GBP/USD Price Forecast: Near-term bias remains bearish ahead of Fed-BoE policy
The British Pound (GBP) is marginally higher at around 1.3300 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair edges up as the US Dollar ticks lower ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Australian Dollar: Softer inflation supports RBA pause – Commerzbank
Commerzbank’s Volkmar Baur notes that weaker-than-expected Australian inflation has sharply reduced market-implied odds of an August RBA rate hike and pushed the AUD lower.
ECB’s Patsalides: If higher oil prices persist, inflation risks rise
The remarks from European Central Bank (ECB) policymaker and Governor of the Central Bank of Cyprus, Christodoulos Patsalides, released during the European trading session on Wednesday signal a warning of further acceleration in inflationary pressures if oil prices remain higher.
Belgium Gross Domestic Product (QoQ) down to 0% in 2Q from previous 0.2%
Belgium Gross Domestic Product (QoQ) down to 0% in 2Q from previous 0.2%
Greece Unemployment Rate (MoM) dipped from previous 8.1%Â to 8% in June
Greece Unemployment Rate (MoM) dipped from previous 8.1%Â to 8% in June
Federal Reserve: Surprise risk keeps global rates elevated – ING
ING’s Michiel Tukker expects the Federal Reserve (Fed) to keep rates on hold, even as markets price a 30% chance of a hike.
Swiss Franc remains depressed despite brightening ZEW Economic Expectations
The US Dollar (USD) holds gains near 13-month highs against the Swiss Franc (CHF), with the USD/CHF pair trading a few pips shy of 0.8200, set for a 1.3% monthly rally.
United Kingdom M4 Money Supply (YoY) increased to 5% in June from previous 4.3%
United Kingdom M4 Money Supply (YoY) increased to 5% in June from previous 4.3%
Australian Dollar: Softer inflation tempers rate hike odds – MUFG
MUFG’s Lee Hardman notes that the Australian Dollar, a beneficiary of AI-related demand, has weakened after another softer-than-expected Australian Consumer Price Index (CPI) release.
United Kingdom Net Lending to Individuals (MoM) above expectations (£5.5B) in June: Actual (£9.5B)
United Kingdom Net Lending to Individuals (MoM) above expectations (£5.5B) in June: Actual (£9.5B)