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Indonesian Rupiah: Policy continuity supports currency – Societe Generale
Societe Generale analysts Galvin Chia and Kunal Kundu note that Bank Indonesia kept the BI rate at 5.75%, with deposit and lending facility rates unchanged, reinforcing Rupiah stability and inflation control.
British Pound: Carry appeal keeps Sterling resilient as BoE stays on hold – ING
ING’s Chris Turner, citing UK economist James Smith, notes that July United Kingdom (UK) Consumer Price Index (CPI) had limited impact on EUR/GBP, with benign food inflation and only a modest uptick in the Bank of England’s core services measure to 3.8%.
South Africa Retail Sales (YoY) dipped from previous 2.3%Â to 1.6% in June
South Africa Retail Sales (YoY) dipped from previous 2.3%Â to 1.6% in June
United States MBA Mortgage Applications: -0.4% (August 14) vs previous 3.6%
United States MBA Mortgage Applications: -0.4% (August 14) vs previous 3.6%
Australian Dollar ticks up from intra-week lows with all eyes on Fed minutes
The Australian Dollar (AUD)has bounced up from intra-week lows against the US Dollar (USD) on Friday, although the daily chart remains negative.
GBP/USD Price Forecast: More upside expected above 1.3570
The British Pound (GBP) is up 0.2% to near 1.3557 against the US Dollar (USD) during the European trading session on Wednesday.
Portugal Current Account Balance declined to €-1.837B in June from previous €-0.898B
Portugal Current Account Balance declined to €-1.837B in June from previous €-0.898B
Australian Dollar: RBA seen sidelined on softer wages – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar is underperforming as bond yields fall after Q2 wage growth matched expectations. Haddad argues this outcome will keep the RBA on hold, with private sector wage gains at a four‑year low.
Euro steadies against Japanese Yen as ECB, BoJ rate-hike bets collide
EUR/JPY trades around 184.70 on Wednesday at the time of writing, edging 0.03% lower on the day.
Germany 10-y Bond Auction increased to 3.26% from previous 3.13%
Germany 10-y Bond Auction increased to 3.26% from previous 3.13%
Brazilian Real: Election risks then renewed gains – Commerzbank
Commerzbank FX analysts Norman Liebke and Michael Pfister see the Brazilian Real (BRL) supported by the Brazilian Central Bank’s (BCB) hawkish stance and still-elevated real interest rates.
Euro extends gains against British Pound as Eurozone inflation accelerates
The Euro (EUR) trades higher against the British Pound (GBP) on Wednesday, on track for a five-day winning streak, and received additional support after Eurozone final inflation figures confirmed higher price pressures in July.
United Kingdom: Upside risks building for inflation – Deutsche Bank
Deutsche Bank’s Chief United Kingdom (UK) Economist Sanjay Raja notes that UK inflation data for July broadly matched expectations, with headline Consumer Price Index (CPI) rising and core CPI steady.