SNB’s Jordan: Structural factors could lead to persistently higher inflationary pressure
Speaking at the Kansas City Fed annual Jackson Hole symposium on Saturday, Swiss National Bank
US Treasury yields, hawkish Fed bets rally on Powell’s tough stance
Markets turn risk-aversion after Fed Chair Jerome Powell appeared hawkish at Jackson Hole. Fears of
USD/TRY bulls approach the record high above 18.00 as Fed hawks propel DXY
USD/TRY stays firmer at the yearly top, grinds higher of late. A jump in the
EUR/USD: Energy hit to growth will limit ECB ability to support the euro – MUFG
The ongoing surge higher for the price of gas in Europe has been encouraging market
USD/CNH now targets 6.9400 ahead of 6.9600 – UOB
The continuation of the uptrend could see USD/CNH retest the 6.9400 region ahead of 6.9600
USD/THB faces prospects for extra upside – UOB
FX Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research noted USD/THB
USD/MYR: Strong resistance emerges at 4.4980 – UOB
Further upside in USD/MYR should meet a tough hurdle at the 4.4980 region, suggests FX
Australia’s Retail Sales jump 1.3% MoM in July vs. 0.3% expected
Australian Retail Sales surpassed expectations by a wide margin in July as consumer spending propped up
NZD/USD seems vulnerable just above 0.6100 mark amid stronger USD
NZD/USD drops to a multi-week low on Monday amid relentless USD buying interest. Bets for
EUR/USD: Hawkish comments from ECB officials could help the euro limit its losses
EUR/USD has staged a rebound after having declined toward 0.9900. Hawkish ECB commentary could help