Today, the markets will learn from the U.S. Bureau of Labor Statistics how consumer prices in the U.S.
Aug export growth accelerated to 8.7% y/y (Bloomberg est: 6.6%, Jul: 7.0%) in USDterms and 8.4% y/y in CNY-terms (Jul: 6.5%), UOB Group economist Ho Woei Chen notes.
Concerns over softening global demand have so far outweighed any benefits from lower US rates and Latam currencies remain under pressure.
The UK economy showed no growth over the month in July after stalling in June, the latest data published by the Office for National Statistics (ONS) showed on Wednesday.
Bank of Japan (BoJ) board member Junko Nagakawa is back on the wires on Wednesday, noting that “Japan's economy is on track based on data out since the previous meeting in July.” Additional quotes Hard to pin down precise level of Japan's neutral rate.
The Bureau of Labor Statistics (BLS) will publish the highly anticipated Consumer Price Index (CPI) inflation data from the United States (US) for August on Wednesday at 12:30 GMT.
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
The first US presidential debate between former President Donald Trump and Democratic nominee Kamala Harris in Pennsylvania is underway and has failed to trigger any significant market reaction so far.
Bank of Japan (BoJ) board member Junko Nagakawa said on Wednesday that the” BoJ is likely to adjust the degree of monetary easing if economy and prices move in line with its projection.” Additional quotes Even after July rate hike, real interest rates remain deeply negative, and accommodative monetary conditions are maintained.
Reserve Bank of Australia (RBA) Assistant Governor (Economic) Sarah Hunter was out with some comments during the Asian session on Wednesday, saying that high rates are slowing demand in what should be a mild economic downturn.
The Greenback added to the ongoing uptrend, although it seems to have run out of some upside impetus on Tuesday amidst the broad-based cautious stance ahead of the release of key US CPI readings on Wednesday.
There are currently not so many arguments in favor of the forint.
GBP/MXN formed a bullish Pennant continuation pattern between August 28 and September 4, during its uptrend within a rising channel.
Bank of Canada (BoC) Governor Tiff Macklem said on Tuesday that trade disruptions may mean larger deviations in inflation from the BoC's 2% target, per Reuters.
The Aug US employment report was slightly disappointing but did not point to a dire outlook to the US labor market, UOB Group Senior Economist Alvin Liew notes.