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Monthly Archives: September 2017

THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: Abe Weighs Snap Election, USD Pared Drop

(Bloomberg) — Japanese Prime Minister Shinzo Abe is weighing holding a snap general election as early as next month, local media reported. In the U.K., officials on Sunday lowered the terrorism threat level to severe from critical. WHAT TO WATCH Singapore non-oil domestic imports China property prices FRIDAY TRADING SESSIONS …

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MACRO VIEW COLUMNS: Despite Rising Inflation, Fed Dot Plot Needs to Fall

(Bloomberg) — August’s better-than-expected U.S. inflation reading might have Fed-policy hawks flapping their wings. But there are still reasons why the Fed should lower its dot plot next week, eroding the dollar. U.S. headline inflation in August rose to 1.9 percent year-over- year, against the expected 1.8%. Even core CPI …

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THE EUROPE FX/RATES DAYBOOK: FX/RATES DAYBOOK EUROPE: Yen Erases Most Missile-Driven Gains

(Bloomberg) — The yen erased almost all its early gains spurred by North Korea’s missile launch over Japan as traders refocus on the stronger-than-expected U.S. inflation data. TODAY ECB’s Nouy, Lautenschlaeger speak U.S. retail sales data UN Security Council to hold closed-door meeting 3pm ET Friday on North Korea/non-proliferation OVERNIGHT …

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FX/RATES DAYBOOK ASIA: USD Falls as Pound Surges; Curve Flattens

(Bloomberg) — Stronger-than-expected inflation data combined with renewed North Korea tensions whipsawed the dollar and Treasuries. A post-BOE surge by the pound and Nikkei’s report that North Korea is showing signs of preparing a missile launch helped break the dollar’s three-day winning streak. Long-end Treasuries outperformed in a flight-to-quality bid. …

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