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Important for exchange rate to move stably, reflecting economic fundamentalsSharp, one-sided moves are seen recentlyTo take appropriate steps on excessive FX movesThe comments are pretty much a copy and paste, so they're not going to have much of an impact on markets...

Eurostoxx +0.1%Germany DAX +0.3%France CAC 40 +0.1%UK FTSE +0.1%Spain IBEX +0.3%This comes after the better performance by the value and heavyweight stocks yesterday, with the Dow rising and the Nasdaq slipping. For now, US futures are keeping steadier as well so that...

Prior 90.2; revised to 91.4There was a higher revision to the reading in May, so that sort of balances out the way this month's figure is being read. That said, the levels are still subdued and points to some lingering concerns about the economic climate.MoneyMaker FX...

Prior +5.1%HICP +5.3% vs +5.4% y/y expectedPrior +6.0%That's a positive development on the face of it but a lot of that still has to do with higher energy prices being phased out. If you look at the breakdown, food prices are still 13.6% higher than they were in June...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Prior +0.1%House prices -3.5% vs -4.0% y/y expectedPrior -3.4%The average house price in the UK moved up slightly in June to £262,239 but annual price growth remains lower as rising rates are starting to weigh on the housing market. There is starting to be a...

Prior +0.8%Retail sales -3.6% vs -4.3% y/y expectedPrior -4.3%Despite the beat above, German retail sales is still rather subdued when you look into the details. In real terms, retail sales are still down 3.6% compared to the same period last year as opposed to the...

Prior -1.7%Import price index -9.1% vs -9.1% y/y expectedPrior -7.0%The drop in import prices has a chunk to do with energy prices, which declined again by another 5.3% on the month. If you strip all of that out, import prices did still fall but by only 0.6% on the...

It's month-end and quarter-end today and in case you need reminding, we're halfway through 2023 already. The year is really flying by just like that.Major currencies are mostly little changed today as the dollar continues to keep steadier in the big picture. USD/JPY...

Of note, 16 of the 31 economists polled are expecting a 25 bps rate hike with the remaining 15 anticipating a pause instead. That's pretty much a 50-50 call and if you look at the OIS pricing, the probability of a 25 bps rate hike is only at 37% as opposed to no...

Major currencies are not much changed on the day but all eyes are on the Japanese yen, as the currency weakens to 145 against the dollar earlier in Asia trading. USD/JPY is now at 144.70 as traders are also perhaps taking profits amid fear of intervention by Japan...

That set it on the path from the break of 140.00 to having touch a high of 145.07 earlier today. The 145.00 mark is where we can start to gauge intervention territory by Japanese officials, something which was pointed out here earlier this month. There has already...

It's the US Independence Day holiday weekend ahead. July 4 is the official holiday and markets will be closed:stock exchangesbondsFX (FX never entirely closes but it'll be super-thin, negligible, liquidity)Monday, July 3 will see half-day trade.Even today, June 30, is...

USD/JPY traded briefly above 145.00 in Asia morning trade. The pop higher for USD/JPY prompted a statement from Japan’s Finance Minister Suzuki. Such statement have become a regular occurrence as the yen has weakened in past months, they usually follow moves of rapid...