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France HCOB Manufacturing PMI above expectations (50) in August: Actual (51.5)
France HCOB Manufacturing PMI above expectations (50) in August: Actual (51.5)
Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness
Silver (XAG/USD) rallies for the third consecutive day on Friday, hitting fresh two-month highs above $69.00 in the early European session.
Turkey Capacity Utilization fell from previous 73.9% to 73.5% in August
Turkey Capacity Utilization fell from previous 73.9% to 73.5% in August
Turkey Manufacturing Confidence increased to 102.8 in August from previous 102.2
Turkey Manufacturing Confidence increased to 102.8 in August from previous 102.2
Turkey Consumer Confidence rose from previous 89.8Â to 90.8 in August
Turkey Consumer Confidence rose from previous 89.8Â to 90.8 in August
Indian Rupee: Higher profile after hawkish RBI – MUFG
MUFG’s Michael Wan highlights that FX measures to attract US Dollar (USD) inflows into India have significantly lowered Indian Rupee (INR) rates via added liquidity, with limited impact on USD/INR.
Euro holds gains against British Pound after weaker UK Retail Sales data
The EUR/GBP cross posts modest gains to around 0.8570 during the early European session on Friday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following disappointing UK economic data.
United States Dollar Index remains below 99.00 as 10-year US yield steadies
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding losses after registering minor gains in the previous day and trading around 98.80 during the early European hours on Friday.
France Business Climate in Manufacturing above forecasts (101) in August: Actual (103)
France Business Climate in Manufacturing above forecasts (101) in August: Actual (103)
Equities: Mixed recovery after US selloff – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities fell sharply as earlier gains in fixed income reversed, with losses across the S&P 500, Nasdaq and Magnificent Seven. Weak Walmart earnings and slower US sales growth added to concerns about consumer resilience.
Forex Today: US Dollar stays near multi-month lows ahead of key PMI data
Here is what you need to know on Friday, August 21:
British Pound holds gains against a weak US Dollar despite downbeat UK Retail Sales
The British Pound (GBP) trades firm against the US Dollar (USD) on Friday, with the GBP/USD pair pushing against six-month highs in the 1.3660 area at the time of writing, on track for a 0.8% weekly rally.
US Dollar: Treasury twist signals structural risks – Commerzbank
Commerzbank’s Volkmar Baur notes the US Dollar remains under pressure as EUR/USD trades around 1.17 following the US Treasury’s expansion of its Liquidity Support Buyback Operations.