Forex Calendar

The Global Macro Pulse

After rallying in US trading, the USD has continued to climb against the yen to 105.25,

Euro-area service PMIs are due for release and focus will be on the first figure forSpain and Italy.

Bonds took a beating and curves bear-steepened yesterday on both sides of the Atlantic yesterday,

The most recent round of manufacturing PMI re-leases has provided for a tightened focus on the shifting global growth outlook,

CEE currencies little weakened after low PMIs CNB does not plan monetary tightening before PPI rises

The dollar rallied across the board in early Asian trading, led by USDJPY,

Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1.

German bond yields edged a bit lower yesterday, but the moves were limited and trading volumes depressed by the US holiday.

Election of Tusk as next EC President makes PLN nervous Polish PMI remains below 50

In FX, EUR continued to inch lower to 1.312 ahead of Thursday’s ECB meeting.

Focus will be on European and Asian data with the US closed for Labour Day.

German Bund yields ended the day practically unchanged as the Euro area inflation came down to a new cyclical low just as expected.