The ECB short-timer is speaking at the European Parliament ECB’s primary aim is price stability Hasn’t been easy to anchor inflation expectations Medium-term inflation expectations remain stable
Eurozone PPI (Aug) Y/Y 5.9% vs. Exp. 5.8% (Prev. 6.1%)
Eurozone PPI (Aug) M/M -0.1% vs. Exp. -0.2% (Prev. 0.5%) Source: RTRS
Talk of Asian sovereign buying cable around 1.5400
Not the big bamboo eater….., the one south of the Himalayas .. Cable’s around 1.5410 UK Sept CIPS construction PMI up in 10 mins or so, expected 51.0 (last 52.6)
RUMOUR..!!
Market talk of a semi-official name on the bid in EUR/USD at 1.3200 – Unconfirmed
AUD/USD: No change rate decision as expected
RBA “implied” willing to cut if necessary comment sees AUD/USD dip towards the figure after trading around 0.9520 just prior. The usual oblique language from a central bank. Last at 0.9498.
