FX market briefs 06/08/2014

  • US quarterly refunding USD 67b, to raise 9.3b of cash
  • Italy Econ Minister Padoan says must pursue reforms to emerge from recession, make voice count in Europe, repeats no supplementary budget
  • Portugal Banking Assoc Chief says BES rescue solution positive, expects favorable results of ECB stress tests in Portugal
  • Ireland’s Burton urges general European agreement for refinancing of Ireland’sIMF lo ans
  • Russia allows Brazil to significantly increase meat & dairy exports to Russia
  • Russia’s Putin signs decree banning or limiting imports of agricultural products from countries which sanctioned Russia (Interfax)
  • Brazil can help meet add’l Russian demand for chicken after Russia bans US poultry imports (Brazil Animal Protein Assoc)
  • Russia’s veterinary service to ban all US agricultural products & all EU fruit/vegetable imports (RIA)
  • Brazil’s Pres Rousseff says confident that govt will meet primary surplus goal for this yr
  • US International Trade MM $ Jun -41.54b, f/c -44.7b, -44.66b-prev
  • US Mortgage Market Index w/e 347, 341.7-prev
  • US MBA Purchase Index w/e 166.5, 168.7-prev
  • US Mortgage Refinance Index w/e 1377, 1326.4-prev
  • US MBA 30-Yr Mortgage Rate w/e  4.35%, 4.33%-prev
  • CA Trade Balance C$ Jun  +1.86b, f/c 0.00b, +0.58b-prev
  • CA Exports C$ Jun 45.20b, 44.69b-prev
  • CA Imports C$ Jun 43.34b, 44.12b-prev
  • BR Auto Sales MM Jul 11.8%, -10.2%-prev
  • BR Auto Output MM Jul 17%, -23.3%-prev
  • WHO says Ebola death toll rises to 932, with 45 deaths b/w Aug 2-4
  • Reuters Poll EUR 1.34 in 1 mo, 1.30 in 6 mos, 1.28 in 1 yr (1.36, 1.32, 1.29 in Jul poll)
  • Reuters Poll GBP 1.69 in 1 mo, 1.69 in 6 mos, 1.68 in 1 yr (1.70, 1.69, 1.67 in Jul poll)
  • Reuters Poll MXN 13.07 in 1 mo, 12.865 in 6 mos, 12.76 in 1 yr (12.98, 12.83, 12.80 in Jul poll)
Source: FxWire Pro

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