Forex news for North American trade on Sept 3, 2018 – Lula barred from running in Brazil election Markets: – S&P 500 – closed – Gold flat – Argentine peso -4.2% It was a holiday in the US and Canada but it wasn’t quite as quiet as you might expect. Sterling was weak all day…
This from Reuters on the chance of a no deal hard Brexit – median forecast 25 percent – unchanged from an August estimate Here is
And more from the finance minister: – Need to think about getting firms to use their stores of cash ForexLive
For Q2 of 2018 (April to June quarter) Australia Balance of Payment Current Account Balance AUD -13.5bn for a miss – expected AUD -11bn, prior -11.7bn, revised from -10.5bn ‘Net exports as a % of GDP’ in at +0.1% (this is an input to GDP)
USD/JPY lower, and accompanied by lower currencies against the USD AUD and NZD are now in the ‘usual suspects’ basket and they have each lost some ground too. CAD is lower too.
The UK Times reporting on Hammond ‘may’ reveal the budget as early as next month Early budget to sidestep clash with Brexit talks (Times is gated) …’ Well, yeah. D’uh.
A jump for the week on this indicator Not an AUD mover ForexLive
British Retail Consortium August survey Reuters add more detail: total spending +1.3 % y/y a broader measure of consumer spending by Barclaycard+ 4.5 percent in August
A preview of today’s GDT (GlobalDairyTrade) auction later The most recent auction saw a price fall, not helpful for the embattled as it is kiwi $ The estimates I have seen are for a small fall in the price of WMP (milk powder) at the event today.
China has blocked the website of Australia’s government funded broadcaster ABC – China’s internet regulator has censored its apps and website in the country CNN has the report here