Forex Calendar
Central European Daily
Regional currencies weaker across the board The CNB to keep targeting the koruna until 2016 Regional currencies have been weaker across the board recently,
The Global Macro Pulse
G10 FX has traded sideways. USDJPY is at 102.89, EURUSD is trading 1.3388, and AUDUSD is flat to its Asian open at 0.9295.
FI Eye-Opener: All eyes on US wage growth
Bond yields tried to rise yesterday on the back of a report showing wage pressures picking up in the US (see more below),
Central European Daily
CNB will keep its commitment to keep the koruna above EUR/CZK 27 and will extend its forward guidance The regional currencies were under a mild pressure on
The Global Macro Pulse
EURUSD rose to 1.3399 from its overnight lows around 1.337, while USDJPY is at 102.77 after trading as high as 103.09.
FX Daily
We expect euro flash CPI for July to reach a new cycle low at 0.4% y/y (consensus0.5% y/y) down from 0.5% y/y in June.
FI Eye-Opener: Yields can move both ways
Especially US bonds took a beating yesterday after better-than-expected GDP numbers (see more below).
Daily FX Update
A broad-based rally in the USD continues ahead of Wednesday’s event-filled NA session that will include the release of ADP employment figures,
The Global Macro Pulse
EURUSD is steady at 1.3409 after its fall in late NYC trading, AUDUSD is similarly flat at 0.9382, and USDJPY is 102.09.
FI Eye-Opener: Bulls still see red
The bond market sentiment certainly continues to be strong amidst all the geopolitical uncertainty.
FX Daily
Main event will be the FOMC statement tonight (no press conference or newprojections at this meeting).