Key FX expiry: EUR/USD 1.1550 in focus for the New York cut
EUR/USD's 1.1550 expiry, near the 100-day MA, may cause choppy trading; larger strikes at 1.1500/1.1600 cap moves.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
EUR/USD's 1.1550 expiry, near the 100-day MA, may cause choppy trading; larger strikes at 1.1500/1.1600 cap moves.
The yen has risen nearly 4% this month ahead of Fed and BOJ meetings, with rate decisions set to determine its next move.
Reuters poll shows PBOC expected to set USD/CNY midpoint at 6.7083, with fixing closely watched for policy signals on yuan pace.
Forex prices were little changed at Monday's open. Crude may be boosted by Iran's statement that a Hormuz meeting with Gulf states was postponed.
USDCAD bounced from moving average support but stalled at a descending trendline, setting up a key technical battle for next week.
The US dollar traded mixed ahead of the August CPI report. Treasury yields held high while stock futures rebounded, and oil fell on diplomatic hopes.
The BOJ is set to raise rates by 25bp next week, but the central bank gives no clear signal on further hikes, leaving markets focused on pace and terminal rate.
Reuters sees PBOC's USD/CNY reference rate at 6.7174, with the fixing viewed as braking the yuan's pace rather than reversing its uptrend.
EURUSD rebounded from 1.1593 after strong US PPI data, aided by ECB rate hike. The pair now tests the 200-day moving average at 1.16321.
The dollar strengthened against major currencies as Treasury yields rose ahead of the US PPI report and ECB decision. Markets also monitored geopolitical…
EUR/USD has erased most losses from Warsh's hawkish speech ahead of the ECB rate decision, with the US CPI also in focus.
EUR/USD expiries at 1.1600 and 1.1650 are set for 10 September 10am New York cut, reinforcing range-bound trade ahead of the ECB decision.
BOJ board member Masu says underlying inflation near 2%, warns weak yen and rising costs could force faster rate hikes.
Reuters sees the PBOC's USD/CNY daily fixing at 6.7074, with the midpoint signalling a slower yuan pace after August's wide weak-side deviation.
China to detail financial power plans at afternoon briefing with PBOC deputy governor.