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EURO LITTLE CHANGED AFTER GERMAN IMPORT PRICES

At 2.00 am ET Wednesday, Destatis has released Germany's import prices for August. The euro changed little against its major rivals after the data. The euro was trading at 1.1680 against the greenback, 130.24 against the yen, 0.8624 against the pound and 1.0856 against the franc around 2:04 am ET.

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POUND LITTLE CHANGED AFTER U.K. GDP DATA

At 2.00 am ET Thursday, the Office for National Statistics has released UK final GDP data for the second quarter. After the data, the pound changed little against its major rivals.

The pound was trading at 1.3435 against the greenback, 150.34 against the yen, 1.2549 against the franc and 0.8630 against the euro around 2:02 am ET.

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AUSTRALIA HOME LOANS SINK 6.6% IN AUGUST

The value of owner-occupied home loans in Australia was down a seasonally adjusted 6.6 percent on month in August, the Australian Bureau of Statistics said on Friday - coming in at A$21.26 billion.

That missed forecasts for a decline of 2.0 percent following the 0.4 percent drop in July.

Investment lending was up 1.5 percent on month at A$9.49 billion, slowing from 1.8 percent in the previous month. So overall lending was at A$30.76 billion, down 4.3 percent on month.

On a yearly basis, overall lending was up 47.4 percent, owner-occupied lending jumped 33.5 percent and investment lending skyrocketed 92.2 percent.

Fixed term loans were down 2.5 percent on month and up 38.9 percent on year at A$1.93 billion.

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FRANC LITTLE CHANGED AFTER SWISS CPI AND RETAIL SALES

At 2.30 am ET Monday, the Federal Statistical Office has released Swiss consumer inflation and retail sales. The franc changed little against its major rivals after the data.

The franc was trading at 0.9303 against the greenback, 119.36 against the yen, 1.2606 against the pound and 1.0794 against the euro around 2:35 am ET.

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AUSTRALIA CENTRAL BANK KEEPS POLICY UNCHANGED

Australia's central bank kept its monetary policy unchanged on Tuesday, as widely expected.

The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided to leave its cash rate unchanged at a record low of 0.10 percent.

The board maintained the target of 10 basis points for the April 2024 Australian Government bond. The board also voted to continue with the purchase of government securities at the rate of A$4 billion a week until at least mid February 2022.

The bank repeated that it will not increase the cash rate until actual inflation is sustainably within the 2 to 3 percent target range. The central scenario for the economy is that this condition will not be met before 2024.

Policymakers observed that housing credit growth has picked up due to stronger demand for credit by both owner-occupiers and investors. It is important that lending standards are maintained and that loan serviceability buffers are appropriate.

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EURO MIXED AHEAD OF GERMAN FACTORY ORDERS

At 2.00 am ET Wednesday, Destatis is slated to issue Germany's factory orders data for August. Economists forecast orders to fall 2.1 percent on month, reversing a 3.4 percent rise in July.

Ahead of the data, the euro traded mixed against its major counterparts. While it fell against the greenback, it rose against the rest of major rivals.

The euro was worth 1.1583 against the greenback, 129.46 against the yen, 0.8514 against the pound and 1.0770 against the franc as of 4:55 am ET.

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POUND LITTLE CHANGED AFTER U.K. HALIFAX HOUSE PRICE DATA

UK Halifax house price data for September has been released at 2.00 am ET Thursday. The pound changed little against its major rivals after the data.

The pound was trading at 1.3577 against the greenback, 151.36 against the yen, 1.2598 against the franc and 0.8507 against the euro around 2:04 am ET.

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EURO MIXED AHEAD OF GERMAN TRADE DATA

At 2.00 am ET Friday, Destatis is slated to issue Germany's foreign trade data for August. Exports are forecast to grow 0.5 percent on month, the same rate as posted in July.

Ahead of the data, the euro traded mixed against its major rivals. While it rose against the pound and the franc, it fell against the greenback. Against the yen, it held steady.

The euro was worth 1.1549 against the greenback, 129.22 against the yen, 0.8488 against the pound and 1.0738 against the franc at 1:55 am ET.

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EUROPEAN ECONOMICS PREVIEW: ITALY INDUSTRIAL OUTPUT DATA DUE

Industrial production data from Italy is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway releases consumer and producer prices for September. Inflation is forecast to rise to 4 percent from 3.4 percent in August. In the meantime, foreign trade and GDP figures are due.

At 3.00 am ET, the Czech Statistical Office is scheduled to issue consumer prices for September. Economists expect inflation to advance to 4.5 percent from 4.1 percent in August.

In the meantime, unemployment and current account figures are due from Turkey.

At 4.00 am ET, Italy's Istat is slated to issue industrial production for August. Output is expected to fall 0.3 percent on month, in contrast to the 0.8 percent rise in July.

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POUND LITTLE CHANGED AFTER UK UNEMPLOYMENT DATA

At 2.00 am ET Tuesday, the Office for National Statistics has released UK unemployment data. The pound changed little against its major rivals after the data.

The pound was trading at 1.3607 against the greenback, 154.12 against the yen, 1.2617 against the franc and 0.8497 against the euro around 2.05 am ET.

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POUND LITTLE CHANGED AFTER U.K. GDP DATA

At 2.00 am ET Wednesday, the Office for National Statistics has released UK GDP, industrial and construction output and foreign trade figures. The pound changed little against its major counterparts after the data.

The pound was trading at 1.3608 against the greenback, 154.37 against the yen, 1.2649 against the franc and 0.8487 against the euro around 2:01 am ET.

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AUSTRALIA UNEMPLOYMENT RATE CLIMBS TO 4.6% IN SEPTEMBER

The jobless rate in Australia came in at a seasonally adjusted 4.6 percent in September, the Australian Bureau of Statistics said on Thursday.

That was up from 4.5 percent in August, although it was shy of expectations for 4.8 percent.

The Australian economy lost 138,000 jobs last month, slightly worse than forecasts for the loss of 137,500 jobs following the loss of 146,300 jobs in August.

The participation rate tumbled to 64.5 percent, missing forecasts for 64.7 percent and down sharply from 65.2 percent in the previous month.

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NEW ZEALAND MANUFACTURING INDEX DUE ON FRIDAY

New Zealand will on Friday see September results for the Performance of Manufacturing Index from BusinessNZ, highlighting a modest day for Asia-Pacific economic activity, In August, the PMI score was 40.1.

Indonesia will release September numbers for imports, exports and trade balance. Imports are expected to surge 50 percent on year, down from 55.26 percent in August. Exports are called higher by an annual 51.57 percent, slowing from 64.1 percent in the previous month. The trade surplus is pegged at $3.84 billion, down from $4.74 billion a month earlier.

Japan will provide August figures for its tertiary industry index; in July, the index was down 0.6 percent on month.

China will see September numbers for foreign direct investment; in August, FDI jumped 22.3 percent on year.

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SINGAPORE NON-OIL DOMESTIC EXPORTS RISE JUST 1.2% IN SEPTEMBER

The total value of Singapore's non-oil domestic exports was up a seasonally adjusted 1.2 percent on month in September, the Singapore Department of Statistics said on Monday.

That was shy of expectations for an increase of 2.4 percent following the upwardly revised 3.5 percent decline in August (originally -3.6 percent).
On a yearly basis, non-oil domestic exports jumped 12.3 percent - exceeding forecasts for a gain of 9.6 percent following the 2.7 percent gain in the previous month.

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Thank you so much for the daily update though I regularly get info from FreshForex broker newsletter so I rarely read from any website but anyway once again thanks for sharing.

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RBA MINUTES ON TAP FOR TUESDAY

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on October 5, headlining a light day for Asia-Pacific economic activity.

At the meeting, the RBA kept its monetary policy unchanged, leaving its benchmark lending rate steady at the record low of 0.10 percent. The board also voted to continue with the purchase of government securities at the rate of A$4 billion a week until at least mid-February 2022.

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates; the central bank is widely expected to keep its benchmark lending rate steady at 3.50 percent.

Finally, the markets in Malaysia and Indonesia are closed on Tuesday to honor the birthday of the Prophet Muhammad; they will return to action on Wednesday.

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ESTONIA PRODUCER PRICES RISE IN SEPTEMBER

Estonia's producer prices increased in September, data from Statistics Estonia showed on Wednesday.

The producer price index grew 19.2 percent year-on-year in September.

On a month-on-month basis, producer prices rose 2.8 percent in September.

"Compared to August, the index was mostly affected by price increases in electricity production and in the manufacture of wood products," Eveli Sokman, leading analyst at Statistics Estonia, said.

Import prices rose 2.3 percent monthly in September and gained 17.8 percent from a year ago.

Export prices grew 1.8 percent monthly in September and increased 18.2 percent yearly.

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UK BUDGET LOGS SECOND BIGGEST SEPTEMBER DEFICIT ON RECORD

The UK budget registered its second biggest deficit for the month of September since the records began in 1993, the Office for National Statistics said on Thursday.

Public sector net borrowing excluding public sector banks was GBP 21.8 billion in September, the second-highest September borrowing since monthly records began in 1993. This was GBP 7.0 billion less than in September 2020.

In the financial year-to-September 2021, PSNB excluding banks totaled GBP 108.1 billion 2021. This was also the second largest financial year-to-September borrowing on record and was GBP 101.2 billion less than in the same period last year.

Further, data showed that public sector net debt excluding public sector banks came in at GBP 2.218 trillion at the end of September, or around 95.5 percent of gross domestic product, the highest ratio since the 98.3 percent recorded in March 1963.

The ONS said the extra funding required by government coronavirus support schemes, combined with reduced cash receipts and a fall in GDP, have all helped to push public sector net debt to the current level.

In September, central government receipts grew 11 percent annually and expenditure dropped 1.6 percent.

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POUND LITTLE CHANGED AFTER U.K. RETAIL SALES DATA

At 2.00 am ET Friday, the Office for National Statistics has released UK retail sales data for September. The pound changed little against its major rivals after the data.

The pound was trading at 1.3795 against the greenback, 157.28 against the yen, 1.2663 against the franc and 0.8428 against the euro around 2:05 am ET.

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