- Taiwan's central bank governor says no to FX controls during his tenure
- "Winter is coming for the EUR" - EUR/USD seen as low as 0.90
- Japan PM Kishida to announce target of inbound tourism spending of over JPY 5tln a year
- Australia's first ever official monthly CPI published; August +6.8% y/y (July +7%)
- PBOC sets USD/ CNY reference rate for today at 7.1102 (vs. estimate at 7.1066)
- World Bank Pres. Malpass - pressing danger is a sharp slowdown in growth, global recession
- New Zealand data - September business outlook -36.7 (prior -47.8)
- Danske says long yields are going to rise even higher
- AUD traders heads up: first ever monthly CPI will be published Thursday, 29 September 2022
- UK vehicle production is surging higher
- European Central Bank speakers on the agenda Thursday, 29 September 2022 - so many!
- Bank of England speakers for 29 September 2022, the 'unwinding QE' one will be interesting
- Morgan Stanley remain with a bearish bias on EUR/USD, targeting to 0.93
- Druckenmiller " central case a hard landing", "owning assets doesn’t make a lot of sense"
- Two planes have collided on the ground at UK Heathrow airport, no reports of injury so far
- ICYMI: PBOC says never bet on one-sided appreciation or depreciation in yuan exchange rate
- Forexlive Americas FX news: Rebound.Mkts bounce with USD lower, stocks higher,yields lower
- UK crisis - Chief Sec to the Treasury Philp says will not renege on its tax cut plan
- Trade ideas thread - Thursday, 29 September 2022
- US citizens are being advised by the US State Department to get out of Russia immediately
- US equities post a huge gain as bond yields retrace
- Oil: RBC is forecasting the October 5 OPEC+ meeting may slash output by up to 1 mn bbl/day
- Fed Evans: Policy rate should continue higher, could sit higher for some time
The US dollar retraced some of its Wednesday losses here during the Asian timezone today.
EUR, AUD, NZD, GBP, CAD, CHF and JPY – the USD gained right across the majors board. There was no news nor data to prompt the move. It was a very light day for news and data.
We did get, for the first time ever, an official monthly inflation report from Australia. The Australian Bureau of Statistics published the monthly CPI for June, July and August. September’s monthly CPI will be published alongside the established quarterly CPI report (for Q3) on October 26. Today’s data showed headline inflation (y/y) inched lower in August compared with July. The monthly CPI excluding food and energy (see bullets above), that is an indication to ‘core’ inflation, rose y/y from June to August.
On the central bank front the People’s Bank of China set the onshore yuan a little stronger compared to its Wednesday fix. The stronger reference rate (for CNY) comes after the Bank issued a warning statement on ‘one-way’ yuan moves on Wednesday afternoon, China time.
The rise for the USD index today is a retrace of its fall Wednesday: