The waiting has turned bumpy following unnerving inflation surprises in Canada and Australia, a slump in the yen and a negative reaction to solid results at ...
FILE PHOTO: Currency signs of Japanese Yen, Euro and the U.S. dollar are seen on a board outside a currency exchange office at Narita International airportSo much for a week watching football and cricket while counting down to Friday's blockbuster U.S. personal consumption price index.
Australia's bond market has taken a kicking, with three-year government bond futures down 26 ticks in two sessions as the risk of another rate hike climbs. Aussie bank stocks dropped in anticipation of economic pain and bond proxies from utilities to real estate were punished beyond ex-dividend selling. The yen, meanwhile, skidded to lifetime lows on the euro and its lowest since 1986 at 160.
CNN also broadcasts the first U.S. presidential debate, where debt and the dollar are likely to feature in the discussion, though markets have thus far struggled to come to grips with the implications of November's election outcome.Voters see Republican candidate Trump as better for the economy but prefer his Democratic rival President Biden's approach on preserving democracy, a new Reuters/Ipsos poll found.
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