Forex Analysis
Central European Daily
NBH cut rates to 4% and signal slow down in monetary easing CNB again mentions FX interventions The National Bank of Hungary (NBH) cut its base rate by 25bp from 4.25% to 4% in line with market expectations.
US Summer Seasonals Fall Away
US data surprises have largely followed the average pattern of the prior 10-years, and the recovery in recent weeks can then be seen
Don’t Expect Markets to Take August Off…
FX Rates Could Move Substantially in the “Quiet Period”. After a month of turmoil,
The Global Macro Pulse
The dollar majors have been surprisingly subdued given the China PMI. AUDUSD is down only 0.4% from its Asia open to 0.9263 despite the China number and
Euro-zone economy still improving gradually, flash PMIs this morning
Main focus in Europe today and also this week will be the flash Eurozone PMIs for July. The composite PMI posted a reading of 48.7 in June, a 15-month high.
Morning FX Market Commentary
Dollar still struggling to find a bottom Yesterday morning, the dollar showed tentative signs of bottoming out, supported by higher core bond yields.
FX Daily
Market movers today • Euro area PMIs are expected to improve for a third consecutive month in July.
CPI June Quarter 2013
The QII headline CPI grew by 0.4%, lower than market expectations which centred on a rise of 0.5% {CBA (f) 0.4%}.
Mid-day FX Market Analysis
USD: The Dollar has held its ground within a fairly tight overnight trading range and climbed back into positive territory,
Asia Macro Strategy
We frequently are asked whether capital flight and slowing economic growth imply that China will devalue its currency.
Morning FX Market Commentary
Dollar looking for a floor On Monday, the dollar remained under slightly pressure. There was hardly any news to guide trading.
FX Daily
Market movers today • The main release will be euro area consumer confidence, which is expected to show a small uptick.