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Wednesday, October 9, 2024

Asia Market Movers: US inflation data due this week: BofA predicts a +0.1% m/m headline CPI, +0.3% m/m core

US inflation data due this week: BofA predicts a +0.1% m/m headline CPI, +0.3% m/m core

This info comes via eFX. **** Synopsis: BofA anticipates a modest rise in both headline and core CPI for September, indicating firm core inflation without immediate cause for concern. Key Points: CPI... 

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European Central Bank speakers Wednesday include Villeroy and Kazimir

Coming up from the ECB today: 0530 GMT/0140 US Eastern time: Bank of France head of ECB policy maker Francois Villeroy de Galhau speaks to Franceinfo radio 0800 GMT/0400 US Eastern time: ECB policyma... 

Morgan Stanley sees a cascade of European Central Bank rate cuts in the months ahead

Morgan Stanley are forecasting ECB rate cuts of 25bp at the next four meetings: October 17, 2024 December 12. 2024 January 30. 2025 March 6, 2025 MS say this'll take the ECB rate to 2.5% and close to... 

PBOC sets USD/ CNY reference rate for today at 7.0568 (vs. estimate at 7.0565)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.... 

More from the RBNZ: price indices signal a continued decline in consumer price inflation

The Reserve Bank of New Zealand cut its cash rate by half a percent, headlines here: RBNZ cuts cash rate by 50bp, as widely expected From the minutes to the RBNZ meeting: The committee confirmed that... 

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Latest Forex Orders

FX option expiries for Wednesday 9 October 10am New York cut

USD/JPY: 144.75 ($1.42b), 147.00 ($960m) EUR/USD: 1.1000 (EUR790m), 1.0900 (EUR482m), 1.1275 (EU3R95m) USD/CAD: 1.3535 ($420m), 1.3550 ($301m) AUD/USD: 0.6625 (AUD648.5m) NZD/USD: 0.6050 (NZD751m), 0.... 

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