Market News
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Japanese Yen falls near multi-decade low
USD/JPY trades above163.90 on Thursday as the US Dollar (USD) strengthens following significantly better-than-expected United States (US) labor market data.
United States Kansas Fed Manufacturing Activity: 17 (July) vs previous 19
United States Kansas Fed Manufacturing Activity: 17 (July) vs previous 19
United States: PCE Methodology tweaks seen as marginal – TD Securities
TD Securities economists Eli Nir and Oscar Munoz analyze upcoming BEA methodology changes to United States (US) Personal Consumption Expenditures (PCE) Price Index inflation for portfolio management, legal services, and computer software & accessories.
European Central Bank: Hiking cycle continues at slower pace – Nordea
Nordea strategists Jan von Gerich, Tuuli Koivu and Anders Svendsen note that the European Central Bank (ECB) kept its deposit rate at 2.25% but signalled further tightening. They still forecast three additional 25bp hikes, now at a quarterly pace, taking the deposit rate to 3% by March 2027.
Euro slips against British Pound as ECB keeps interest rates unchanged
The Euro (EUR) trades under pressure against the British Pound (GBP) as traders assess the European Central Bank’s (ECB) latest monetary policy announcement.
Mexican Peso: Slightly stronger MXN outlook – Commerzbank
Commerzbank strategist Michael Pfister argues that Banxico’s recent rate cuts were broadly justified by moderating inflation and Mexico’s weakening economy, leaving little reason for the central bank to tighten policy despite markets pricing in roughly three rate hikes.
Lagarde speech: Some asked whether we should consider a hike
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the July policy meeting and responds to questions from the press.
Lagarde speech: Energy shock could intensify further
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the July policy meeting and responds to questions from the press.
United Kingdom: Risks for Sterling – ING
ING’s economists describe United Kingdom (UK) public finances as strained by rising spending pressures and high debt interest, despite ongoing fiscal consolidation via frozen tax thresholds and falling gilt issuance.
Lagarde speech: Indicators suggest economic activity will remain modest
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the July policy meeting and responds to questions from the press.
163.00: Why the Japanese Yen is trading at historic lows despite BoJ hike speculation
The Japanese Yen (JPY) continues to trade at historic lows, with USD/JPY pressing past year-to-date highs above the 163.00 handle, as a renewed surge in global Oil and Natural Gas prices has dealt a severe blow to the net-energy-importing Japanese economy.Â
Canadian Dollar eases despite stronger Retail Sales and rising Oil prices
USD/CAD rebounds on Thursday as the US Dollar (USD) regains momentum amid rising tensions in the Middle East and growing Federal Reserve (Fed) rate hike bets, while traders show a muted reaction to Canadian Retail Sales data.
Canada Employment Insurance Beneficiaries Change (MoM) rose from previous -0.5%Â to 0% in May
Canada Employment Insurance Beneficiaries Change (MoM) rose from previous -0.5%Â to 0% in May