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Euro (EUR) is likely to consolidate between 1.1680 and 1.1740. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Any advance is likely part of a higher range 24-HOUR VIEW: "Last Friday, EUR

EU mid-market update: Chinese equities selloff as global bonds tentatively stabilize ahead of next US jobs report; Day 1 of investor conf season reveals consumers' stress now has week-to-week volatility with some trading down to smaller value packs. Notes/observations - In China, tech stocks drove a

Despite robust growth between April and June 2025 (probably overestimated), the government is stepping up measures to support the Indian economy. The “Goods and Services Tax Council”, which is due to meet on 3 and 4 September, is expected to approve a cut in VAT rates. This measure would counteract

The China Federation of Logistics and Purchasing (CFLP) business surveys improved marginally in August while the private sector RatingDog China manufacturing PMI unexpectedly returned to expansion at 50.5 in August (Bloomberg est: 49.8, July: 49.5). The CFLP PMIs which tend to relate more closely wi

The irony of 2025 is that the market everyone wants to watch isn’t the one that matters most. Wall Street is still the global amphitheater, but the real show has been running in Shanghai. Chinese equities are pressing up against decade-long resistance like a tide that refuses to recede, and their ow

USD/JPY advances as the Japanese Yen underperforms across the board.Economists expect Tokyo CPI ex. Fresh Food to have risen at a moderate pace of 2.5% on year in August.The US Dollar trades calmly as Fed’s Cook decides to file a lawsuit to keep her job. The USD/JPY pair trades 0.4% higher to near 1

The Board still seems convinced that the most recent inflation uptick will eventually prove temporary, however there is a higher degree of vigilance this time around. The door for a further rate cut is still left ajar, but our impression is that the most recent inflation outcomes have raised the bar

Growth We finally get more clarity regarding tariffs. On July 27, the European Union and US agreed on a framework agreement that not only set the tariff rate at a uniform rate of 15%, butalso included comprehensive accompanying measures. The most notable concessions are massive investments in the US

On the radarProducer prices declined by -1.2% y/y in July in Czechia.In Poland, core inflation eased toward 3.3% y/y in July.Today, Slovakia will release current account data at 10.30 AM CET.Economic developments Today we look at the CEE progress in Social Development Goals that is evaluated annuall