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US Treasury yields rise as 30-Year yield hits 22-year high
US Treasury yields turned mixed on Friday as the long-end of the curve, the 20s and 30s, posted gains while the short-end and the belly of the yield curve retreated to multi-year high levels. The US 10-year Treasury yield holds firm at 5.20% after peaking at a 19-year high of 5.228%.Fxstreet
Fri, Sep 25
South Korean Won: Trade surplus seen widening – ING
ING’s Asia-Pacific research notes that South Korea’s upcoming data should show stronger industrial production and a widening trade surplus, even as export and import growth moderates. Technology and semiconductor exports are expected to underpin the surplus.Fxstreet
Fri, Sep 25
United States CFTC Gold NC Net Positions: $225.9K vs previous $230.3K
Fxstreet
Fri, Sep 25
United Kingdom CFTC GBP NC Net Positions: £-82.6K vs previous £-58.7K
Fxstreet
Fri, Sep 25
Japan CFTC JPY NC Net Positions fell from previous ¥120.4K to ¥72K
Fxstreet
Fri, Sep 25
Eurozone CFTC EUR NC Net Positions: €-52.3K vs previous €-27K
Fxstreet
Fri, Sep 25
Fed’s Hammack says policy still isn’t restrictive despite high inflation
Cleveland Fed President Beth Hammack said the two sides of the Fed's dual mandate are not in conflict. She said that “high inflation complicates economic planning,” and that she doesn’t see current policy as restraining the economy.Fxstreet
Fri, Sep 25
Asian FX: Higher yields and Oil weigh – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX traded broadly softer as higher Oil prices and rising US Treasury yields hurt risk sentiment, with Indonesian Rupiah (IDR) underperforming and Philippine Peso (PHP), Indian Rupee (INR) and Thai Baht (THB) also weaker.Fxstreet
Fri, Sep 25
Canadian Dollar: Undervalued near 1.41 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is flat versus the US Dollar (USD) and lagging most G10 peers. They highlight that wider US–Canada yield spreads have weighed on the CAD, but see the move as stretched.
Fxstreet
Fri, Sep 25
Australian Dollar: RBA hike expectations shape outlook – ING
ING economists Deepali Bhargava and Lynn Song expect the Reserve Bank of Australia (RBA) to raise rates by 25bp, citing a still-hot economy, tight labour market conditions and upside surprises in Gross Domestic Product (GDP) and inflation.
Fxstreet
Fri, Sep 25
Fed’s Williams: Persistent supply shocks cannot be ignored
New York Federal Reserve (Fed) Bank John Willams said in a panel discussion at Oxford University on Friday that although tariffs and higher energy prices don’t to a sustainable inflation. However, repeated supply shocks are keeping price pressures higher.Fxstreet
Fri, Sep 25
Japan’s Katayama: Takaichi very much respects the independence of the BoJ
Japanese Finance Minister (FM) Satsuki Katayama stresses on Bank of Japan’s (BoJ) independence while speaking during the European trading session on Friday. This is the second time in the day when Katayama has delivered remarks on economy and currency.Fxstreet
Fri, Sep 25
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