Forex Analysis

USD Mid-day Analysis

We continue to think that the Dollar rally is overdone from a technical and fundamental perspective.

The problem for the Canadian is a definitively negative overhang of global slowing fears,

Finally the Pound has showed some recovery action and it is possible that the September Pound will

Speculations about 50 bps rate cut in October hurts zloty Hungarian inflation in August in line with expectations

NZDUSD fell to 0.8195 as the RBNZ kept its policy rate unchanged as expected, but lowered guidance.

A light data calendar again. Focus will continue to be on polls in connection with

Yields continued to head higher yesterday. For German bonds, the moves ended up being limited,

The pair was in focus this morning, opening at $0.9156 but initially seeing very little interest,

The pair closed in NY Wednesday at $1.6211 after rate’s recovery off earlier lows of $1.6052 was given an

A quiet morning for the euro so far today in the Asia-Pacific session, as it opened at $1.2917 following a $1.2883 to

The pair seen a session of only marginal losses this morning in Asia, with dollar-yen keeping to the overnight ranges through today’s session.

On balance then, a no-surprises statement.