* U.S. headline payrolls data soft but details show strength. * Fed tapering in Nov seen on track. * Dollar/yen tests April 2019 peak. * Pound, Canadian dollar supported on rate hike expectations. By Hideyuki Sano.
* U.S. job growth slows sharply in September. * Platinum sees best week since June 25. * Palladium snaps four straight weeks of decline. By Arundhati Sarkar.
Inflation angst and soaring energy prices form the backdrop to the start of third-quarter U.S. earnings season in the coming week. Annual meetings of the World Bank and International Monetary Fund kick off too from Monday, but the event is overshadowed by a data-rigging scandal that threatens the career of IMF boss Kristalina Georgieva.
- U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserve's plans to begin reducing its support for the economy.
* Graphic: World FX rates in 2021 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Joice Alves. Sterling rose on Thursday as global risk sentiment improved and analysts said the prospects of a Bank of England rate hike reduced some downside potential for the currency.
* BRAZIL'S CENTRAL BANK SAYS TO START ROLLING OVER $9.9 BILLION IN SWAP CONTRACTS STARTING THURSDAY. * BRAZIL'S CENTRAL BANK SAYS PLANS DAILY TRADITIONAL SWAP AUCTIONS TO ROLL OVER ALL SWAPS EXPIRING JAN.3 2022. * BRAZIL'S CENTRAL BANK SAYS MAY VARY DAILY VOLUME OF SWAPS OFFERED.
The Romanian leu
briefly firmed on Tuesday after the central bank hiked its
benchmark interest rate to tackle rising inflation, but soon
gave up gains as markets had already priced in the ...
The Romanian leu inched higher
on Tuesday, driven by expectations of a central bank rate hike
later in the day to tackle rising inflation, while the zloty and
the forint gave up recent gains.
If hedge fund plays on the dollar and U.S. Treasuries are a weather vane for investors' risk appetite and the economic outlook more broadly, then hold on to your hats. Chicago futures markets data show they have built up their largest long position in 10-year U.S. government notes in four years and increased their multibillion-dollar bet on a stronger greenback to its biggest in 18 months.
Senator Elizabeth Warren on Monday called on the U.S. Securities and Exchange Commission to investigate trading by top U.S. central bankers, including that of two Fed bank presidents who resigned after public outcry over their transactions.
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