USD: Broader base buying going through
Aug-26 06:51
- Small extension higher for the USD, at session high against JPY, EUR, GBP, CHF, NOK, THB, INR, CNH, CNY, IDR.
- Yesterday's low in EURUSD is at 0.9949.
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FRANCE DATA: Consumer Confidence Edges Down Further, Inflation Concerns Ease
Jul-27 06:45
FRANCE JUL CONSUMER CONFIDENCE 80; JUN 82
- French consumer confidence took another hit in July, edging down a further 2 points in the seventh consecutive month of decline to 80 in July.
- This was the lowest reading since Spring 2013 and in line with expectations. The long-term average is 100.
- Future financial situation outlooks fell again, as did the propensity to make major purchases and savings capacity.
- Despite remaining very low, unemployment fears increased slightly again in July.
- On a different note, inflation outlooks eased again in July. This is welcome news after the 0.7pp uptick to +6.5% y/y in the harmonised June print.
- The July prelim inflation report is due on Friday, however price pressures are not yet anticipated to have peaked.
MNI: FRANCE JUL CONSUMER SENTIMENT 80
Jul-27 06:45
- MNI: FRANCE JUL CONSUMER SENTIMENT 80
EUR: Finding some offers
Jul-27 06:43
- EUR is finding some early offers, with safer haven going into Bund, as Europe falls in contraction territory, and the latest Italian credit downgrade by S&P.
- EUR test session low against the CAD, NOK, and offered versus JPY, CHF.
- Moves are nonetheless very limited, and the EUR still holds gains vs AUD, NZD, USD and the Yen.
- Most will be keeping a close eye on the EURCHF, with the pair still trading at lowest levels since January 2015.
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