MARKET PULSE - CURRENCIES
16 Oct
Chinese CPI weakens in September, but factory gate inflation quickens
cbpeterthiel1

Price pressures in China abated last month at the consumer level, even as factory gate prices jumped, as food price deflation intensified.

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09 Oct
US and Turkey suspend visa services indefinitely
erdogan-entend-superviser-armee-et-services-secrets

Turkey and the United States have mutually suspended visa services between the two countries after a row between the two consular departments.

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09 Oct
China FX reserves increase slightly in September
burbujachina

China's foreign exchange reserves were little changed last month as capital outflows from Asia's largest economy remained small.

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25 Sep
We need to be patient and persistent, ECB's Draghi says
cbyellendraghi1

The head of the European Central Bank appeared to dampen speculation regarding the prospects for tapering its quantitative asset purchase programme somewhat at the start of the week.

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25 Sep
FX round-up: Elections weigh on euro, kiwi until North Korea's late words
cbdolaryen123

Elections in Germany and New Zealand over the weekend and an announcement of a snap vote in Japan were the dominant themes at the start of the week, until some incendiary comments from North Korea's foreign minister later in the day.

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25 Sep
Japan's Shinzo Abe calls snap elections, seeks constitutional reform
abe, shizo abe, Japan

Japanese Prime Minister Shinzo Abe has called early elections, citing the need for a new mandate in order to deal with the crisis on the Korean peninsula and for constitutional reform to strengthen the country's military.

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22 Sep
US trade chief criticises Mexico and Canada over imports
Wilbur Ross, inversor, experto, guru

America's top trade official pointed to the declining share of US-made parts and components in imports from Canada and Mexico to justify the need to take a "fresh look" at the North American Free Trade Agreement.

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22 Sep
Spain delays 2018 Budget due to opposition from Spanish Basque nationalist party PNV
ada colau barcelona cataluna

The political uncertainty in Catalonia has reportedly forced the country's government to postpone its push in parliament to approve the 2018 budget as Spain's Basque nationalist party (PNV) has, for the time being at least, apparently threatened to withdraw its support.

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21 Sep
Interest rates set to tumble in Brazil, Pantheon Macroeconomics says
Sao Paulo, Brazil

Consumer prices in Brazil edged higher in September but remained well below the central bank's target level, which meant policy rates were set to tumble, according to some economists.

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21 Sep
S&P cuts China's sovereign debt rating to A+
cbpeterthiel1

Standard & Poor's cut its rating on China's long-term debt rating following a prolonged period of strong credit growth that has increased the country's financial and economic risks.

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21 Sep
BoJ keeps policy unchanged despite inflation miss
BoJ

Rate-setters at the Bank of Japan kept all their main policy settings in place overnight despite recent stronger-than-expected economic growth, even as inflation continued to fall short of its target by a wide margin.

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20 Sep
Rationale for asset purchases now gone, ECB's Knot says
abandono-euro-de-grecia-300x95

The stronger euro reflects the relative strength and stability of the single currency bloc's economy, a top European Central bank official said.

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20 Sep
Bank risks policy mistake by hiking in November, Credit Suisse says
banque-d-angleterre-boe

Credit Suisse changed its rate call for the Bank of England to a hike in November, adding that it would be a 'one-off' and was likely to be a "big" policy mistake.

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20 Sep
JP Morgan lowers 2018 EPS estimate for BAE on Sterling, Saudi headwind
Eurofighter Typhoon, BAE Systems, defence, aerospace, aircraft

Analysts at JP Morgan pared their 2018 earnings per share estimate for BAE Systems again, telling clients they believed they had underestimated the headwind from the end of Eurofighter deliveries to Saudi Arabia and to account for another leg up in Sterling.

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15 Sep
September MPC - Analysts react
banque-d-angleterre 20170914151231

"However, the MPC minutes significantly stepped up its "hawkish" rhetoric, stating that there is now a majority of MPC members that judge "some withdrawal of monetary stimulus was likely to be appropriate over the coming months. " It is as clear a signal as the MPC can give that markets should prepare for a rate rise soon, probably in November. If they do hike in November, we think it will be a mistake as UK economic activity is clearly slowing. " - Daniel Vernazza, chief UK & Senior global economist, UniCredit Bank.

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14 Sep
Australian adds 54,000 new jobs in August, mostly full-time positions
nochevieja australia

Job growth Down Under picked-up noticeably last month, led by full-time job creation and another rise in the number of job-seekers, another potentially positive sign for the economy.

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13 Sep
US producer prices fall shy of forecasts ahead of Harvey, Irma
cbharvey

Producer prices on the other side of the Pond fell shy of forecasts again last month, but economists warned a surge was soon likely even as the effects of recent hurricanes drowned out the underlying signals, as with other data recently.

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13 Sep
No case for interest rate hikes in Australia, RBA's Harper says
Australia flag

Excess capacity in the Australian economy means that interest rate hikes are not justified and there is nothing the Reserve Bank can do to stymie the drop in the US dollar, one of the country's top rate-setters said.

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12 Sep
FCA warns ICO investors risk losing everything
FCA

Britain's financial watchdog warned consumers they should be prepared to lose all the money they might invest in so-called Initial Coin Offerings.

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11 Sep
FX Round-up: Greenback in the red, North Korean risks calm down
cbdolaryen123

Monday saw some respite for the US dollar as it gained 0. 55% to 91. 859 against a basket of currencies by 1715 BST. There was also some degree of breathing room as recent North Korean missile threats died down and a classification downgrade of Hurricane Irma to a Category 1.

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