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Canadian Dollar backslides on fresh risk aversion
The Canadian Dollar (CAD) took another backstep against the US Dollar (USD) on Tuesday, officially kicking off the September market window with a firm step into the bearish side as risk appetite withers.
USD/JPY steadies above 148.00 as mixed US PMI data shifts focus to NFP
The Japanese Yen (JPY) remains under pressure against the US Dollar on Tuesday, with USD/JPY extending its advance for a third consecutive day.
Dow Jones Industrial Average falls 550 points as September gets underway
The Dow Jones Industrial Average (DJIA) shed around 550 points on Tuesday, with American markets returning from a long weekend with renewed selling pressure. Rising bond yields, government funding concerns, and fresh inflation concerns pummel investor sentiment through the overnight session.
Pound sinks 1% as UK Gilt yields hit 1998 highs
The Pound Sterling tumbles 1% on Tuesday as UK 30-year Gilts rose to 5.697%, its highest level since May 1998 due to fiscal concerns linked to the Autumn Budget.
EUR/USD recovers modestly as US Dollar softens on mixed ISM Manufacturing PMI
The Euro (EUR) trims some of its earlier losses against the US Dollar (USD) on Tuesday, as the Greenback loses momentum following the release of mixed US manufacturing Purchasing Managers' Index (PMI) data.
Eurozone food inflation still elevated, but otherwise benign - ABN AMRO
HICP inflation edged slightly higher in August to 2.1% y/y from 2.0% in July, in line with our and consensus expectations. Core inflation held steady at 2.3%, in line with our expectations but above consensus expectations for a move lower to 2.2.
How CUSMA strengthens both U.S. and Canadian economies - RBC Economics
Amid the ongoing trade war, the Canada-United States-Mexico Agreement (CUSMA) has been a crucial backstop, RBC Economics' economists report.
GBP/CAD slides to four-week low as UK gilt rout rattles Sterling, Canada PMI shows improvement
The Pound Sterling (GBP) faces broad-based selling pressure on Tuesday, with GBP/CAD tumbling sharply as concerns over the United Kingdom's (UK) fiscal trajectory and surging Gilt yields dominate market sentiment.
USD/CAD rebounds toward 1.3800 as US Dollar firms, PMIs data in focus
The Canadian Dollar (CAD) loses ground for the second straight day on Tuesday, with USD/CAD rebounding from near four-week lows as the US Dollar (USD) strengthens broadly.
Gold retreats from record $3,508 as US Dollar and yields rebound
Gold (XAU/USD) retreats on Tuesday after briefly surging to a fresh all-time high of $3,508 per ounce during the Asian session as a rebound in the US Dollar (USD) and Treasury yields triggered mild profit-taking.
JPY underperforming most G10 currencies - Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all of its G10 peers with the exception of GBP, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The upswing in the metal markets is likely to subside again - Commerzbank
With the exception of aluminum, base metal prices have risen in recent days, Commerzbank's commodity analyst Barbara Lambrecht notes.
GBP weak and underperforming G10 - Scotiabank
The Pound Sterling (GBP) is underperforming all of the G10 currencies with a 1.1% decline against the US Dollar (USD), weakening in response to renewed fiscal concerns that have driven UK yields to fresh multi-decade highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Silver price rises to 14-year high - Commerzbank
The Silver price jumped above the USD 40 per troy ounce mark for the first time in 14 years at the beginning of the week, buoyed by the rise in the Gold price, Commerzbank's commodity analyst Carsten Fritsch notes.
AUD/USD slumps to near 0.6500 as US Dollar snaps five-day losing streak
The AUD/USD pair is down 0.7% to near 0.6500 during the late European trading session on Tuesday.
EUR a mid-performer but still weak vs. USD - Scotiabank
The Euro (EUR) is down 0.6% against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Europe's Gas storage facilities are filling up - Scotiabank
Europe's Gas storage facilities are filling up: they are now more than 77% full, reducing the gap to the usual filling level (based on the 5-year average) to 8.4 percentage points, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD softer versus USD but pick up on the crosses - Scotiabank
The Canadian Dollar (CAD) is softer against the generally stronger US Dollar (USD) on the session but losses are relatively limited, leaving the CAD the top-performer after the big dollar among G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
No further increase in OPEC+ production quotas expected - Commerzbank
This coming weekend, the OPEC+ countries with voluntary production cuts will meet virtually, Commerzbank's commodity analyst Carsten Fritsch notes.
USD gains on haven demand - Scotiabank
Welcome to September. A traditionally tough month for stocks and, more recently bonds, is starting off in rather typical fashion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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