Dollar Falls on US Unemployment Data – Wall Street Journal (subscription) The dollar fell against the euro and yen Friday, after U.S. employment data failed to convince investors that the economy was strong enough for the Federal Reserve to raise rates this month.
Deutsche See Fed Hiking Rates in Sept; Global Growth Fine – MoneyControl Peter Hooper of Deutsche Bank Securities says the Fed hiking rates will be taken as recognition that the US market is doing well.
China’s Foreign Exchange Reserves Fall in August on Yuan Support – Bloomberg China’s foreign exchange reserves fell by a record last month as the central bank sold dollars to support the currency after the biggest devaluation in two decades spurred bets on continued weakness.
CFTC Data: Divergence Between USD and G7 Currencies – FX Street Khoon Goh, Research Analyst at ANZ Research notes that, according to the latest CFTC positioning data for the week ending 1st Sept 2015, there is a divergence between USD positioning against individual G7 currencies.
Lira Weakens to Record as Stocks Retreat After Deadly Attack – Bloomberg The lira weakened to an all-time low and stocks fell as President Recep Tayyip Erdogan vowed to escalate the government’s campaign against Kurdish separatists after a roadside bomb killed Turkish soldiers.