|Markit US Services PMI (AUG) [F]||56.1|
|Markit US Composite PMI (AUG) [F]||55.7|
|ISM Non-Manufacturing PMI (AUG)||59.0|
GBP/USD fell for the eighth consecutive session on Thursday to match the longest losing streak in six years. The New Zealand dollar was the best performer while the euro lagged on dovish signals from Draghi. Asian-Pacific trading features data on Japanese wage inflation. A new Premium note has been issued in the aftermath of the ECB-driven selloff and ahead of Friday's NFP.
The ECB succeeded in weakening the euro and bund yields with an aggressive downgrade of 2015-2017 forecasts for GDP and CPI, while announcing an increase in the issue share limit of bonds included in QE purchases to 33% from 25%. The increased limit means the ECB can buy a higher share of an individual nation's bond issue, giving it more freedom of concentration in particular issues.Read More...