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Japanese Yen struggles against US Dollar ahead of US private employment data
The Japanese Yen (JPY) gives back its early gains and flattens at around 157.70 against the US Dollar (USD) during the European trading session on Wednesday.
Eurozone HCOB Composite PMI above forecasts (51.9) in July: Actual (52)
Eurozone HCOB Composite PMI above forecasts (51.9) in July: Actual (52)
Eurozone HCOB Services PMI above expectations (51.6) in July: Actual (51.7)
Eurozone HCOB Services PMI above expectations (51.6) in July: Actual (51.7)
Equities: Global risk rally extends on softer inflation – Deutsche Bank
Deutsche Bank strategists highlight a broad-based rally in global equities as lower Oil prices, easing inflation expectations and resilient US data support risk appetite. The S&P 500 and major European indices hit or approached record highs, while Asian benchmarks also advanced.
Germany HCOB Composite PMI came in at 51.3, above forecasts (51.2) in July
Germany HCOB Composite PMI came in at 51.3, above forecasts (51.2) in July
Germany HCOB Services PMI above expectations (49.6) in July: Actual (49.8)
Germany HCOB Services PMI above expectations (49.6) in July: Actual (49.8)
USD/CAD Price Forecast: Bulls gain traction as cheaper Crude hits LoonieÂ
The US Dollar (USD) appreciates for the fourth consecutive day against a weaker Canadian Dollar (CAD) on Wednesday, with the USD/CAD pair pushing against weekly highs at 1.4080 at the time of writing.
France HCOB Composite PMI below forecasts (49.6) in July: Actual (49.4)
France HCOB Composite PMI below forecasts (49.6) in July: Actual (49.4)
France HCOB Services PMI below forecasts (49.8) in July: Actual (49.6)
France HCOB Services PMI below forecasts (49.8) in July: Actual (49.6)
Italy HCOB Services PMI above expectations (52) in July: Actual (52.5)
Italy HCOB Services PMI above expectations (52) in July: Actual (52.5)
Brazilian Real: Disinflation and fiscal risks guide weaker outlook – Rabobank
Rabobank’s Brazil weekly notes that the Brazilian Real (BRL) recently appreciated to BRL 5.0587 per Dollar, ranking among the top emerging-market performers.
Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout
Silver (XAG/USD) builds on the previous day's modest gains and attracts strong follow-through buying for the second straight day on Wednesday. The positive momentum lifts the white metal to the $62.00 neighborhood – the highest level since July 7 – during the early European session.
US Dollar: Q3 uptrend seen intact – TD Securities
TD Securities’ macro team, led by Jayati Bharadwaj and colleagues, argues that recent Dollar weakness after the July FOMC is a short-lived retracement within a broader Q3 2026 USD uptrend.