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July 16, 2025
UK CPI Review: Services Inflation Fails to Fall Further as Headline Surprises on Upside?
July 16, 2025 6:42 AM UTC
Calendar effects have been accentuating swings in UK CPI data of late and these may have reoccurred in the June numbers partly explaining June numbers which surprised on the upside. Indeed, June saw the headline and core rise a further 0.2 ppt – the former to an 18-mth high of 3.6%. Moreover, se
Asia Open - Overnight Highlights
July 16, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading individually against the greenback as market participants took their time to digest the detail of latest U.S. CPI. The largest winners are MYR 0.28%, followed by INR 0.21% and TWD 0.02%; while the biggest losers are KRW 0.32%, followed by SGD 0.25%, CNH 0.17%,
July 15, 2025
FOMC Preview for July 30: No change given uncertainty on tariffs and their consequences
July 15, 2025 6:15 PM UTC
The FOMC meets on July 30 and recent data suggests no reason to move rates from the current 4.25-4.50% level, though Q2 GDP data due on the morning on the decision will impact the wording of the statement. This meeting will not see an update to the dots leaving focus on Chairman Powell’s press con