- Japn's fin min Suzuki says is not ruling out any options on FX
- CBA: RBA Gov Lowe provided a clear hint that the pace of rate hikes could be about to slow
- Australia skilled job advertisements +2.6%, close to a 14 year high
- China August CPI 2.5% y/y (expected 2.8%)
- The US has seized over $30 million in cryptocurrency stolen by North Korean-linked hackers
- PBOC sets USD/ CNY reference rate for today at 6.9098 (vs. estimate at 6.9206)
- While we await the CNY fix (estimate is 6.9206) - heads up for a China holiday on Monday
- Goldman Sachs recommends short EUR/CHF, target 0.9550
- USD/JPY: "147.66 ... is the natural target" (Deutsche Bank)
- UK retailers report the slowest growth in sales since the end of COVID-19 lockdowns
- ICYMI: Honda to cut car output by up to 40% at 2 Japanese plants for the rest of September
- New Zealand - Card Spending for August - Retail +0.9% m/m (prior -0.2%)
- Biden weighing an executive order to screen and possibly restrict US investment in China
- ICYMI - US DoE confirms no further SPR releases for now (d'uh)
- USD/CAD key support at 1.3075
- FX intervention watch - Swiss National Bank edition - too early for the CHF
- Forexlive Americas FX news wrap: ECB raises by 75 basis points. Queen Elizabeth dies at 96
- Yellen says falling gasoline prices may reduce the CPI rate in August
- ICYMI - BOC Rogers says getting inflation back to 2% "will take some time”
- Trade ideas thread - Friday, 9 September 2022
- Stocks close higher for the 2nd consecutive day. Up and down session for the major indices
The USD weakened against major FX here during the session. EUR/USD was a notable performer, jumping back above parity and extending gains to 1.0070 as I post. Also moving higher were CAD (USD/CAD dropping under the 1.3075 support zone). AUD, NZD, GBP, CHF all moved stronger alongside.
USD/JPY dropped back under 144.00 during the session and has fallen to circa 143.60. There have been the usual comments from Japan’s finance minister Suzuki. As I post these are having not a lot of impact.
On the data agenda today were inflation figures from China, showing the pace of PPI and CPI slowing in August. The People’s Bank of China has the space to further ease policy with official figures showing inflation well under control.
EUR/JPY higher on the session:
