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Brazilian Real: Fiscal risks point to weakness against US Dollar - Rabobank
Rabobank’s Mauricio Une and Renan Alves note softer United States (US) inflation and cooling labor data, giving the Federal Reserve (Fed) more time to assess policy.
United States Building Permits Change increased to 5% in July from previous -3%
United States Building Permits Change increased to 5% in July from previous -3%
United States Import Price Index (YoY) declined to 5.9% in July from previous 7.1%
United States Import Price Index (YoY) declined to 5.9% in July from previous 7.1%
United States Housing Starts (MoM) came in at 1.239M below forecasts (1.35M) in July
United States Housing Starts (MoM) came in at 1.239M below forecasts (1.35M) in July
Chile Gross Domestic Product (YoY) came in at -0.2%, below expectations (0.2%) in 2Q
Chile Gross Domestic Product (YoY) came in at -0.2%, below expectations (0.2%) in 2Q
United States Export Price Index (YoY) down to 8.2% in July from previous 10.2%
United States Export Price Index (YoY) down to 8.2% in July from previous 10.2%
United States Building Permits (MoM) above expectations (1.37M) in July: Actual (1.443M)
United States Building Permits (MoM) above expectations (1.37M) in July: Actual (1.443M)
Euro: Range-bound before FOMC against US Dollar – ING
Chris Turner at ING describes EUR/USD as contained after a rally stalled just above 1.16, with investors cautious due to high natural gas prices and upcoming FOMC minutes. He expects a 1.1520–1.1580 range near term, while higher energy supports ECB hike expectations.
United States Import Price Index (MoM) below forecasts (0.1%) in July: Actual (-0.4%)
United States Import Price Index (MoM) below forecasts (0.1%) in July: Actual (-0.4%)
United States Housing Starts Change down to -12.4% in July from previous 19%
United States Housing Starts Change down to -12.4% in July from previous 19%
United States Export Price Index (MoM) came in at -1.3%, below expectations (0.2%) in July
United States Export Price Index (MoM) came in at -1.3%, below expectations (0.2%) in July
US ADP Employment Change 4-week average rises to 9.5K as hiring rebounds
Private-sector hiring in the United States (US) shows tentative signs of improvement in early August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, private employers added an average of 9.5K jobs per week in the four weeks ending August 1.
United States ADP Employment Change 4-week average increased to 9.5K in July 25 from previous 8.25K
United States ADP Employment Change 4-week average increased to 9.5K in July 25 from previous 8.25K