As the FOMC meeting looms near (Sept 20), the Economics Team at ING notes that this week's data in the US will be of crucial importance, with the inflation numbers the main event to keep an eye on. Key Quotes All key US inflation readings are below the Fed’s 2% mediumterm target, bu ...
Day: September 10, 2017
Japan Machinery Orders (YoY) came in at -7.5%, below expectations (-7.3%) in July
Japan Machinery Orders (MoM) came in at 8%, above forecasts (4.4%) in July
PBOC relaxes FX policy, to mark bottom in USD/CNH? – ANZ
The PBoC announced it will relax its foreign exchange policy, effective Sept 11. According to Con Williams, Rural Economist at ANZ, the move could mark the bottom for USD/CNH. Key Quotes The PBOC will relax its FX policy by cutting the 20% FX margin requirement for financial institution ...
Dollar gains against yen in Asia after Irma, Japan data eyed
Investing.com - The dollar was quoted sharply higher against the yen on Monday with the market looking ahead near-term to machinery orders out of Japan after the impact of Hurricane Irma appears to be less than originally expected though still devastating to infrastructure. Hurricane Irma knocke ...
N. Korea closely following moves of US with vigilance – KCNA
N. Korea closely following moves of US with vigilance, KCNA reports. Headlines US. will pay due price if it 'rigs up' harsher sanctions N. Korea ready, willing to use any form of ultimate means
The week ahead in Europe: UK policy meeting and EU IP in focus – Nomura
UK monetary policy meeting and euro area IP data are in focus this week, notes the Economics Team at Nomura. Key Quotes UK Consumer prices (Tuesday): We forecast a small rise in CPI inflation from 2.6% to 2.7% in August thanks to expected rises in food and petrol prices. As the fall i ...
New Zealand Electronic Card Retail Sales (YoY) up to 4.4% in August from previous 2%
USD/JPY pressured higher as North Korea’s hedging unwinds
USD/JPY is trading significantly higher early Monday, testing offers at 108.50 after a Friday's NY close of 107.85. The fact that there were no further developments in the North Korean crisis over the weekend has seemingly induced hedged positions to unwind. USD weakness has a temporar ...
New Zealand Electronic Card Retail Sales (MoM) climbed from previous -0.5% to -0.2% in August
The week ahead in the US: CPI to pick up modestly in August – Nomura
According to Nomura's Economics Team, this week's US core CPI inflation is to pick up modestly in August as transitory factors revert, despite enduring factors may continue to weigh on core inflation, Nomura adds. NY Fed Survey of Consumer Expectations (Monday): Inflatio ...
China Consumer Price Index (YoY) came in at 1.8%, above expectations (1.6%) in August
China Producer Price Index (YoY) registered at 6.3% above expectations (5.6%) in August
Bitcoin extends losses to drop below $4,000 amid China uncertainty
Investing.com - Bitcoin, the world's biggest digital currency by market cap, briefly fell back below the $4,000-level on Sunday, extending weekend losses on reports saying that China was planning to shut down local cryptocurrency exchanges. Bitcoin sank to a low of $3,974.10 and last traded a ...