US: Payrolls Surprise to the Upside (Again), Unemployment Rate Ticks Down to 3.8% 

Better-than-expected US labour market data contributed to a sharp rise in the dollar against the yen and commodity currencies. At the same time, the euro and pound fell slightly, while managing to remain above strategic levels. USD/JPY The Japanese currency rose sharply last week as information emerged that the Bank of Japan may soon end […]

Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1% expected. Germany released state-specific data later in the day, and the weak readings put pressure […]

Markets Global bonds trading took a slow start after a long weekend in the US and the UK. Yields initially lost a few basis points. However, US Treasuries were hit by a triple whammy as the US session preceded. Mid-morning in the US, Fed’s Kashkari confirmed the more hawkish tone from last week’s Fed Minutes. […]