RIKSBANK CUTS POLICY RATE BY 25BP TO 3.5%

MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

China Repo Rates Rise On Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1325 Tues; +2.12% Y/Y

CHINA PBOC CONDUCTS CNY149.1 BILLION VIA 7-DAY REVERSE REPOS TUES

July PPI Shows First Positive Intermediate Goods Inflation Since Apr'23

MNI: GERMANY JUL PRODUCER PRICES -0.8% Y/Y

Headline Consumer Sentiment Softens, House Price Expectations Rise Further

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Greenback Gains Traction As Powell Discusses Pace Of Tightening

USD
  • "We're going to be guided by the data and the evolving outlook."
  • " We know that the economy is in a very different place than it was when we began raising rates in 2015... these differences are likely to have important implications for the appropriate pace of policy adjustments. Beyond that, we haven't made any decisions."
  • The greenback has caught a strong bid on these latest comments after a period of two-way price action following the statement release.
  • The BBDXY is now up 0.4% for the day, rising to the best level since January 7 and in close proximity to the years highs around 1182.87.
  • USDMXN has taken out previous highs through 20.70 and currently probing resistance at 20.7603, Jan 6 high.
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