FXStreet (Guatemala) – Analysts at Westpac Banking corporation noted that Singapore, Malaysia and Indonesia are closed for a holiday while Japan returns from its 5 day long weekend.
Key Quotes:
“RBA’s Heath speaks at 3:30pm Syd/1:30pm Sing/HK at an Urban Development Institute of Australia luncheon. The speech is not expected to be market moving.
Only a slim majority of forecasters see Taiwan’s interest rate remaining at 1.875%. Others expect the CBC Taipei to cut by 12.5bp to 1.75% amid plunging growth. There is little tension around the BSP decision, with all forecasters seeing rates on hold at 4.0% as growth in the Philippines remains robust. We will also see Japan Sep flash PMI.
Germany IFO business climate has been robust, and the consensus forecast for Sep is 107.9. US headline Aug durable goods orders is expected at -2.3%m/m and the ex-transport measure at +0.1%. The underlying trend in core orders has been poor through 2015 as the strong US dollar, underwhelming global backdrop and doubts over domestic demand see firms noncommittal on expanding capacity. Weekly jobless claims are also due.
Fed chair Yellen speaks on “Inflation Dynamics and Monetary Policy” at the University of Massachusetts at 5pm NY. There will be no Q&A.”
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