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[IFX Gertrude]

EURO RISES AGAINST MAJORS



The euro strengthened against other major currencies in the Asian session on Tuesday.

The euro rose to a 5-day high of 0.8599 against the pound and nearly a 2-week high of 0.9589 against the Swiss franc, from recent lows of 0.8580 and 0.9571, respectively.

Against the U.S. and the Canadian dollars, the euro advanced to a 1-week high of 1.0768 and a 4-day high of 1.4621 from Monday's closing quotes of 1.0748 and 1.4587, respectively.

The euro edged up to 157.78 against the yen, from yesterday's closing value of 157.53.

If the euro extends its uptrend, it is likely to find resistance around 0.87 against the pound, 0.97 against the franc, 1.10 against the greenback, 1.48 against the loonie and 160.00 against the yen.

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[IFX Gertrude]

JAPAN PRODUCER PRICES RISE 0.3% ON MONTH IN AUGUST



Producer prices in Japan were up 0.3 percent on month in August, the Bank of Japan said on Wednesday.

That beat forecasts for an increase of 0.1 percent, which would have been unchanged from the July reading.

On a yearly basis, producer prices climbed 3.2 percent - in line with expectations and down from the downwardly revised 3.4 percent increase in the previous month (originally 3.6 percent).

Export prices were up 0.5 percent on month and down 0.8 percent on year, the bank said, while import prices slumped 0.9 percent on month and 15.9 percent on year.

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[IFX Gertrude]

JAPAN CORE MACHINE ORDERS SINK 1.1% IN JULY



The value of core machine orders in Japan slumped a seasonally adjusted 1.1 percent on month in July, the Cabinet Office said on Thursday - coming in at 844.9 billion yen.

That missed expectations for a decline of 0.9 percent following the 2.7 percent increase in June.

On a yearly basis, core machine orders stumbled 13.0 percent - again shy of forecasts for a decline of 10.7 percent after shedding 5.8 percent in the previous month.

For the third quarter of 2023, core machine orders are seen lower by 2.6 percent on quarter and 7.9 percent on year at 2,517.4 billion yen.

The total value of machinery orders received by 280 manufacturers operating in Japan increased by 9.8 percent on month and 0.8 percent on year to 2,901.4 billion yen.

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[IFX Gertrude]

CHINA INDUSTRIAL OUTPUT, RETAIL SALES GROWTH IMPROVE IN AUGUST



China's industrial production and retail sales growth improved more than expected in August, official data revealed on Friday.

Industrial production posted an annual increase of 4.5 percent, the National Bureau of Statistics reported. Output was expected to climb moderately by 3.9 percent in August after rising 3.7 percent in July.

Likewise, growth in retail sales improved to 4.6 percent in August from 2.5 percent in the previous month. This was also better than economists' forecast of 3.0 percent.

During January to August period, fixed asset investment increased 3.2 percent from the same period last year, data showed. However, the rate was slightly weaker than the expected 3.3 percent.

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[IFX Gertrude]

SINGAPORE NODX SINKS 3.8% IN AUGUST



Singapore's non-oil domestic exports (NODX) were down 3.8 percent on month in August, Statistics Singapore said on Monday.

That missed expectations for an increase of 5.6 percent following the downwardly revised 3.5 percent contraction in July (originally -3.4 percent).

On a yearly basis, exports slumped 20.1 percent - again missing forecasts for a decline of 15/8 percent after stumbling a downwardly revised 20.3 percent in the previous month (originally -20-2 percent).

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[IFX Gertrude]

NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday.

The NZ dollar rose to a 4-day high of 0.5928 against the U.S. dollar, from yesterday's closing value of 0.5917.

Against the yen and the euro, the kiwi edged up to 87.48 and 1.8045 from yesterday's closing quotes of 87.33 and 1.8064, respectively.

Moving away from an early low of 1.0884 against the Australian dollar, the kiwi advanced to a 5-day high of 1.0870.

If the kiwi extends its uptrend, it is likely to find resistance around 0.61 against the greenback, 88.00 against the yen, 1.78 against the euro and 1.06 against the aussie.

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[IFX Gertrude]

JAPAN TRADE DEFICIT Y930.477 BILLION IN AUGUST



Japan posted a merchandise trade deficit of 930.477 billion yen in August, the Ministry of Finance said on Wednesday.

That was well shy of expectations for a shortfall of 659.1 billion yen following the upwardly revised 66.3 billion yen deficit in July (originally -78.7 billion yen).

Exports were down 0.8 percent on year at 7.994 trillion yen, beating forecasts for a decline of 1.7 percent following the 0.3 percent drop in the previous month.

Imports slumped an annual 17.8 percent to 8.924 trillion yen versus expectations for a fall of 19.4 percent following the downwardly revised 13.6 percent contraction a month earlier (originally -13.5 percent).

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[IFX Gertrude]

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS



The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to a 5-week low of 0.8639 against the Canadian dollar and an 8-day low of 0.6403 against the U.S. dollar, from yesterday's closing quotes of 0.8675 and 0.6445, respectively.

Against the euro and the yen, the aussie slipped to 2-day lows of 1.6608 and 94.94 from yesterday's closing quotes of 1.6533 and 95.60, respectively.

The aussie edged down to 1.0842 against the NZ dollar, from Wednesday's closing value of 1.0870.

If the aussie extends its downtrend, it is likely to find support around 0.85 against the loonie, 0.65 against the greenback, 1.68 against the euro, 93.00 against the yen and 1.06 against the kiwi.

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[IFX Yvonne]

YEN FALLS AHEAD OF BOJ RATE DECISION



At 11:00 pm ET in the early Asian session on Friday, the Bank of Japan is set to announce its monetary policy decision.

Ahead of the BOJ rate decision, the yen fell against its major rivals.

As of 10:55 am pm ET, the yen was trading at 157.69 against the euro, 181.87 against the pound, 148.07 against the U.S. dollar, and 163.70 against the Swiss franc.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY BUSINESS CONFIDENCE DATA DUE



Business confidence data from Germany is the only major report due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's INE releases producer prices data for August. Prices had declined 8.4 percent annually in July.

In the meantime, business and consumer sentiment survey data is due from the Czech Republic.

At 4.00 am ET, the ifo Institute publishes Germany's business sentiment survey results for September. The confidence index is seen falling to 85.2 from 85.7 in August.

At 9.00 am ET, European Central Bank President Christine Lagarde is set to give introductory statement at the Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels.

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