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U.S. October Preliminary Michigan CSI - Little changed, still pessimistic
October 10, 2025 7:16 PM UTC
October’s preliminary Michigan CSI of 55.0 is almost unchanged from September’s final of 55.1, if the weakest outcome since May. Inflation expectations were also little changed, the 1-year view down to 4.6% from 4.7% and the 5-10 year view unchanged at 3.6%.
Russia’s Inflation Softened to 17-Month Low in September
October 10, 2025 7:02 PM UTC
Bottom Line: Russian inflation continued its decreasing pattern in September, and hit the lowest in 17-months after with 7.98% y/y, particularly thanks to lagged impacts of previous aggressive monetary. According to Rosstat’s announcement on October 10, core inflation eased to 7.7% y/y from 8% y/y
Canada September Employment - Rebound strengthens the case for a BoC pause in October
October 10, 2025 1:10 PM UTC
Canada’s September employment report with a 60.4k increase has reversed nearly all of a 65.5k decline seen in August though unemployment which is unchanged at up to 7.1% remains up from July’s 6.9%. The Bank of Canada decision on October 29 remains a close call, but this data increases our confi
Eurozone: Data Disappointments Off the ECB Radar
October 10, 2025 12:35 PM UTC
Although not fully high-profile,and mostly off the radar that the Council focuses on. the last few days have brought a series of data releases that will disappoint the ECB, certainly the hawks. These range from weak services production data, further signs of a loosening in the labor market and mor
FX Daily Strategy: N America, Oct 10
October 10, 2025 9:15 AM UTC
CAD risks on the downside on consensus Canadian employment report…
…but USD/CAD has only modest scope to break above 1.40
EUR/NOK remains range-bound near term, but NOK may yet be re-rated
Hard to find a trigger for near term reversal of JPY weakness