US Dollar
1. Fed's Hamack: Given persistent inflation, now is the time to act.
2. Fed's Collins: If inflation does not fall as expected, a rate hike will be supported.
3. Fed's Schmid: Fed policy remains accommodative, and inflation remains above target. There is room to reduce the number of Fed meetings.
4. Fed's Goolsby: The biggest short-term concern is uncontrolled inflation. Tariffs and war-related price increases pose challenges to the Fed.
Euro
1. French inflation accelerated faster than expected, with the preliminary harmonized CPI for August rising to 2.7%.
2. Germany, along with five other countries, pressured for significant cuts to the EU's €2 trillion budget.
3. ECB Governing Council member Kazaks: The ECB cannot allow inflation to become entrenched.
4. ECB meeting minutes: Officials discussed a "moderately restrictive" policy. Maintaining a wait-and-see approach and assessing the situation in September is a reasonable decision.
5. ECB Governing Council member Radev: The neutral interest rate is likely around 2.5%. After September, vigilance should outweigh patience; we must be “ready to act at any time.”
Japanese Yen
1. Tokyo’s core inflation accelerated in August, gradually approaching the Bank of Japan’s target.
2. Demand for Japanese two-year government bonds hit its weakest level since 2016.
3. Former top Japanese foreign exchange official: Joint Japan-US intervention in the yen is quite different from traditional methods.
4. Japanese Finance Minister Satsuki Katayama: The Prime Minister Sanae Takaichi government is determined to boost the economy and competitiveness, thus increasing the yen’s credibility.
Other
1. Markets postpone expectations of a Bank of England rate hike to February next year.
2. Record energy exports and a 20-year high in Canada’s current account surplus.
3. The Philippine peso fell below a key level to a record low; markets are wary of central bank intervention.
4. Survey: Most economists expect the Reserve Bank of New Zealand to raise interest rates for the second consecutive time next week.
