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Colombia & Ecuador CPI, USD Index Firming For A Third Session

LATAM
  • With the majority of major LatAm data out of the way on Wednesday, markets will look to Ecuador and Colombia CPI releases. Global focus will remain on the speaker slate, with Fed's Cook, Williams, Barr and Jefferson set to make appearances as well as the Fed Chair Powell, who delivers opening remarks at a statistical conference at 1415GMT/0915ET. ECB's de Cos & Vujcic are also on the docket.
  • The USD Index trades firmer for a third consecutive session, re-taking the 50-dma and putting the greenback on course to erase the entirety of the NFP-inspired dip posted on Friday.
  • Consumer price inflation expectations across the eurozone for the next 12 months picked up sharply in September, even as actual headline rates declined to near 2-year lows, a leading survey published Wednesday showed. The ECB's monthly Consumer Expectations Survey showed the outlook for prices over the coming 12 months rising to 4.0% in September, up from 3.5% in August.
  • MNI (Beijing) - The PBOC will ensure the stability of the yuan exchange rate and continue to reduce the actual lending rate whilst pursuing transformation of economic growth, Pan Gongsheng, the governor of the People’s Bank of China told the Financial Street Forum on Wednesday in Beijing. The Bank will continue to prevent any overshot of the yuan exchange rate and avoid "one-way and self-reinforcing expectations in the forex market,” said Pan, pledging to correct pro-cyclical market behaviour and to address trade that disrupt market order.

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