Forex Analysis

Central European Daily

New bank legislation submitted to Hungarian parliament. Polish inflation to remains in negative territory in August.

AUDUSD has fallen to 0.9012 in response to the weak China data. EURUSD is unchanged from

Only tier-2 data on the agenda today. The US Empire survey will give a first clueabout business confidence in September.

Core bonds continued to feel pressure on Friday, while curves bear-steepened.

Another day of losses for the AUD/USD today, as the currency fell to its lowest since March 20,

The pair closed in NY Friday at $1.6268 as rate held toward its recovery highs of the week at $1.6277,

After trading at fresh 2014 and 15 month lows last week, EUR/USD bounced back towards the $1.2989-00 region on Friday before closing at $1.2963.

A very dull day today for the yen as Japanese markets observed the Respect for the Aged Day public holiday in Japan.

Leveraged funds decreased their USD exposure for the first time in eight weeks.

We expect Thursday’s Q2 GDP report to show a slowdown in economic growth.

Business confidence near multi-year highs yet consumer confidence near multi-year lows.

In its weekly FX pick to clients, Barclays advises clients to stay short EUR/USD and