US recap: EUR/USD slips as dollar gains and yen shines
Sept 3 (Reuters) -The dollar index gained for the fourth day in five on Tuesday as markets took on a safe-haven tone, though the yen stole the show on signs of the BoJ's growing resolve to tighten.
The yen was helped after media reports cited the Bank of Japan governor reiterating in a document submitted to a government panel on Tuesday that the central bank would keep raising interest rates if the economy and inflation performed as policymakers currently expect.
The yen was riding on those fumes throughout U.S. trade since that stance contrasts with most other central banks and comes as markets prepare for a U.S. jobs report on Friday that could determine how aggressively the Fed begins an easing cycle that is widely expected to begin on Sept. 18.
The STIRS market is fully discounting a 25bp cut at that meeting with a 35% chance of a 50bp easing move by the Fed, according to LSEG's IRPR page.
In keeping with the jobs focus, the employment gauge of the ISM U.S. manufacturing report improved in August from the previous month even though it remained in contraction.
Overall manufacturing PMI came in at a disappointing 47.2, below the Reuters consensus forecast of 47.5 and still in contraction territory, though above 46.8 registered in August.
Prices paid rose unexpectedly to 54.0, versus the forecast for 52.5 and the previous month's 52.9.
The JOLTS report on job openings will be a key focus on Wednesday as the FX market remains highly sensitive to all things employment after Fed Chair Jerome Powell focused on the labor market in his Jackson Hole speech last month. Factory orders and international trade are also due.
U.S. Treasury yields fell 4-6bp across maturities, with the 2s-10s curve flattening 2.63bp to a more inverted -3.57bp.
The S&P 500 fell 1.89% as Wall Street started September on an anxious note, awaiting a non-farm payrolls report that will be potentially decisive for the way the Fed starts easing rates.
WTI tumbled 4.57%, hitting its lowest levels since early January after reports that a deal was imminent to resolve a dispute that has halted Libyan production and exports.
Copper fell 2.94%, hitting its lowest since Aug. 14 during the session, driven down by concerns that a weak Chinese economy is curbing demand in the world's biggest metals consumer.
Gold eased 0.47%, pressured by the firmer dollar.
Heading toward the close: EUR/USD -0.37%, USD/JPY -0.7%, GBP/USD -0.44%, AUD/USD -1.21%, DXY +0.23%, EUR/JPY -1.03%, GBP/JPY -1.16%, AUD/JPY -1.95%.
For more click on FXBUZ
(Burton Frierson)
</body></html>免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。