Forex News
Morning FX Market Commentary
Dollar hardly profits from positive headlines from Washington Monday, trading in the major currency cross rates still developed in a wait-and-see mode,
RBA Board Minutes – The RBA retain a mild easing bias
* The RBA retain a mild easing bias. But comments in general were evenly balanced.
House prices in the Euro area: Room for further declines in several countries
Housing markets often reflect and impact on the broader state of the economy, especially in countries with a high home ownership ratio.
Danish inflation breaks downward trend
In September Danish consumer prices rose by 0.3% on the month earlier, driving up annual inflation to 0.5% after the historical low of 0.4% in August.
Morning FX Market Commentary
No clear direction for the dollar as uncertainty reigns On Friday, there were few eco data to give currency trading a clear direction.
Housing Finance – August 2013
* The value of total housing lending moderated in August, falling by 1.2% in the month. Lending remains a strong 15.3% higher over the year.
Bank of Canada’s Q3/13 Business Outlook Survey Provides Mixed Picture
The outlook for future sales improved with the diffusion measure jumping to 31 in Q3 from 9 in Q2.
Canada’s Unemployment Rate Fell to 6.9% in September; Averaged 7.1% in Q3
Canadian employment increased by 11,900 in September, in line with market expectations for a 10,000 rise
Building Activity – June quarter 2013
* Total building activity fell by a marginal 0.2% over QII, to be 2.0% higher over the year.
US Initial Jobless Claims Surged in the Week Ending October 5
US initial claims jumped by 66,000 to 374,000 in the week ending October 5, 2013. This represented the highest level of claims since the end of March and
Norway: Much lower inflation
• Sharp drop in inflation • We do not believe in a hike next year any more Core inflation (CPI-ATE) came out at 1.7% y/y in September compared to 2.5% last month. Nordea and Norges Bank was 2.2% while consensus was 2.3%.
Sweden: Inflation below the Riksbank’s view in September
CPI rose in September by 0.4% on the month and was up only 0.1% over the year, 0.1% point below forecasts. CPIF-inflation stood at 0.9% year-on-year, 0.1% point below our call.