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BOE

BNP expect 15bp December hike

US TSYS

Repo Reference Rates

BOE

BNP continue to expect a 15bp November hike

EGB OPTIONS

Euro-Bund Put Spd, Schatz Vol Sale

HUNGARY

JP Morgan On NBH 1W Deposit and Policy Rates

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  • Early European trade seeing JPY recoup a small part of the recent weakness, with USD/JPY briefly showing below the 114 handle just ahead of the European open.
  • Consolidation also evident in Antipodean FX, with AUD and NZD retracing some of yesterday's strength despite the early run higher. This keeps the AUD/USD rally just short of the 200-dma - a key level to confirm any further strength in the pair at 0.7565.
  • Commodity-tied currencies may also be seeing some weakness on the sharp correction of Chinese metals and coal contracts overnight after the China NDRC warned of a crackdown on speculation and hoarding.
  • Other currencies are relatively contained, with EUR/USD and GBP/USD both confirming the recovery off the Wednesday low and remaining somewhat stronger this morning.
  • Focus turns to weekly jobless claims data and US existing home sales. Fed's Waller and RBA's Lowe are both due to speak.