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Treading Water

FOREX

The Asia-Pac docket is fairly limited and lacks tier 1 risk events, which has translated into a slow start to the final session of the week. All major crosses have held tight ranges, with NZD underperforming, albeit by very narrow margins.

  • New Zealand's BusinessNZ M'fing PMI tumbled to 40.1 in August from 62.2 recorded in July, as strict lockdown measures kicked in. The kiwi was relatively unfazed by the release.
  • Final EZ CPI, UK retail sales and preliminary U.S. University of Mich. Sentiment will hit the wires today, while ECB's Makhlouf will speak at a workshop titled "Will inflation make a return?".

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