ING says Canadian dollar has further to fall on tariff chaos Recap: BOJ’s Himino calls for ‘timely’ rate hikes to curb inflation China industrial profit growth slumps to 7-month low of 11.2% BOJ’s Himino signals more hikes, flags growing upside inflation risk Australian…
usehold spending surges, builds case for RBA hike Oil – the report of an oil tanker attack in Hormuz says it occurred August 25 Bank of Korea (BOK) delivers second straight rate hike, lifts benchmark to 3.00% BOJ hawk Himino speaks soon ahead of key September meeting PBOC sets USD/ CNY reference rate for today at 6.7840 (vs. estimate at 6.7261) Kansas City Fed hawk Schmid set for high profile Fox Business interview Bank consensus builds for near term RBA hike as economists cite sticky inflation There is a cascade of analysts forecasting a near term RBA rate hike. Westpac says No
UBS backs de-dollarization trend, lifts gold target to $5,400 an ounce Nvidia’s stock does the limbo then the moonwalk on 2028 guidance Preview: Warsh’s silence on rates leaves Fed and markets guessing before Jackson Hole UBS says tech pullback has opened up attractive entry points investingLive Americas FX news wrap 26 Aug The USD is mostly higher with higher yields the catalyst Nvidia earnings results: Revenue and EPS moderately beat but shares fall Oil catch up: Russia-Ukraine war keeps a floor under oil despite Hormuz optimism US stock markets close near flat ahead of Nvidia earnings Summary: UKMTO said Iran struck a Kuwaiti oil tanker on 25 August in the Strait of Hormuz’s US-backed southern corridor while the vessel was transiting under US escort; the rest of the Middle East news flow was quiet and oil traded subdued Gold rose back to $4640 before stalling, still supported by dollar depreciation concerns and worries over rising US debt Australian household spending rose 1.1% m/m in July, nearly triple the 0.4% forecast, with annual growth up to 7.0% from 6.1%, adding to the RBA hike case built by Wednesday’s hot CPI