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Euro advances against Canadian Dollar amid falling oil prices
EUR/CAD extends its gains for the third successive day, trading around 1.6180 during the European hours on Wednesday. The currency cross gains ground as the commodity-linked Canadian Dollar (CAD) faces headwinds due to falling crude oil prices.
Fxstreet
Wed, Aug 26
Hungarian Forint: MNB caution offers modest HUF support - Commerzbank
Commerzbank’s Tatha Ghose reports that Hungary’s central bank, Magyar Nemzeti Bank (MNB), cut its base rate to 5.50% but avoided pre-committing to further easing, stressing that September’s Inflation Report will guide policy. The bank will monitor global rate hikes, could limit the scope.Fxstreet
Wed, Aug 26
ECB sets for September rate hike with no appetite to signal more – RTE
According to sources, the European Central Bank (ECB) is all set to hike its key policy rates at the September policy meeting, RTE reported. Sources also said that the central bank has no appetite to raise interest rates again after a hike next month.Fxstreet
Wed, Aug 26
Australian Dollar: RBA waits as inflation sticks – Commerzbank
Volkmar Baur at Commerzbank notes that the Reserve Bank of Australia (RBA) is in wait-and-see mode after three rate hikes, assessing how inflation and the labor market evolve. July Consumer Price Index (CPI) eased to 3.5% but missed expectations, with trimmed-mean inflation stuck at 3.6%.Fxstreet
Wed, Aug 26
ECB's Schnabel: Inflation likely to top 2% for extended period
European Central Bank (ECB) Executive Board member Isabel Schnabel said that inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary, Bloomberg reported on Wednesday.Fxstreet
Wed, Aug 26
Asian stock markets gain as oil extends downfall, eyes on Jackson Hall Symposium
Asian stock markets reflect broader strength on Wednesday, as oil prices have fallen further on renewed hopes of the Strait of Hormuz, a vital passage for almost 20% of global energy supply, reopening.Fxstreet
Wed, Aug 26
Indonesian Rupiah remains subdued amid market caution, external headwinds
USD/IDR remains stronger for the second successive day, trading around 17,760 during the Asian hours on Tuesday. The pair continues to hold its ground while the Indonesian Rupiah (IDR) faces ongoing pressure from a cautious market sentiment and persistent external headwinds.Fxstreet
Wed, Aug 26
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