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US Dollar Rises Early Monday Ahead of Chicago National Index

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The US dollar rose against its major trading partners early Monday ahead of the Chicago Federal Reserve's national activity index for August at 8:30 am ET.

Tuesday's highlights include the Philadelphia Fed's nonmanufacturing index for September, weekly Redbook same-store sales data, and the Richmond Fed's business conditions readings for September.

Weekly mortgage applications, oil stocks data, and the S&P Global flash readings of manufacturing and services for September are due to be released on Wednesday.

Weekly jobless claims and natural gas stocks data, current account data for Q2, and new home sales for August will be the main readings on Thursday.

Friday's highlights will include durable goods orders for August and the final University of Michigan consumer sentiment reading for September.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1480 from 1.1488 at the Friday US close but was above a level of 1.1465 at the same time Friday morning. There are no Eurozone data on Monday's schedule, but European Central Bank President Christine Lagarde is due to speak at 11:00 am ET. The next European Central Bank meeting is scheduled for Oct. 29.

GBP/USD fell to 1.3387 from 1.3396 at the Friday US close but was above a level of 1.3353 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Nov. 5.

USD/JPY rose to 157.2521 from 156.7551 at the Friday US close but was below a level of 157.7642 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30.

USD/CAD rose to 1.4009 from 1.3989 at the Friday US close but was below a level of 1.4014 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Oct. 28.

What else is happening in International?

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New Zealand Credit Card Spending, Balances Rise Slightly in August

Credit card spending in New Zealand rose by 0.2% month-over-month to NZ$4.46 billion in August, while credit card balances increased 0.3% to NZ$5.94 billion, data from the Reserve Bank of New Zealand showed Monday.Compared with the year-earlier period, credit card spending climbed 3.5% in August, while credit card balances declined 1.2%.Domestic billings on New Zealand-issued cards rose by 0.4% to NZ$3.93 billion in August, following a 0.9% increase in the previous month. Billings on overseas-issued cards rose month-over-month to NZ$528 million from NZ$522 million, while overseas billings on New Zealand-issued cards fell to NZ$768 million from NZ$822 million.

^NZ50
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Rightmove: UK Residential Asking Prices Rise 0.7% MoM in September

Average newly listed asking prices in the UK increased 0.7% month over month in September, after a 2% decline in August, according to data from property portal Rightmove published Monday.The latest reading represented the first monthly price growth since May.On a yearly basis, average asking house prices in the UK were down 0.8%, after a 1% fall in the previous month.

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Real GDP Growth Forecast Accuracy Varies; Differences Rarely 'Statistically Significant,' Research Says

One forecaster generally outperformed another when evaluating the accuracy of real gross domestic product (GDP) growth expectations among forecasting organizations for individual economies, but the differences are often not "statistically significant," according to a research discussion paper released by the Reserve Bank of Australia on Monday.The researchers studied the properties of real GDP forecasts by four international organizations, comprising the International Monetary Fund, the World Bank, the European Commission and the Organization for Economic Cooperation and Development.The findings suggest that the differences may result from chance rather than indicate better forecasting ability.Conversely, the researchers found statistically significant deviations from forecast rationality for each forecaster, with common reasons including optimistic bias, excessive revisions, and extreme forecasts.

ASX 200