Morning Markets: Greenback felled by profit-taking
- UK: Consumer Price Index (0830 GMT)
- US: Consumer Price Index (1230 GMT)
- US: NAHB Housing Market Index (1400 GMT)
- Markets in Asia were mixed at the open but higher by mid-morning as oil prices rose
- The ASX200 had a soft start and closed up 0.4%
- Australia's monthly new motor vehicle sales were up 2.5% in September
- New Zealand's third-quarter CPI dropped to 0.2%, from 0.4%
- RBA chief Philip Lowe defends 'flexibility' of inflation target and says housing is 'mixed'
- The Aussie dollar jumped to a 16-month high against the euro in overnight trade
- AUD was around 0.7660 against the US dollar at midday
- USDJPY was 103.86 compared with levels near 104.04 on Monday
From the Floor
Netflix surprise. “The amount it has to spend on generating new clients is still a worry for me,” says Garnry.
Downbeat dollar. “The USD has been a little on the back foot as it looks like the Fed could be accommodative for longer,” says Moltke-Leth
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
Stronger inflationary winds are set to blow in the UK in the near term, with consumer inflation expected to turn higher in September, explains James Picerno.
The Australian dollar is showing resilience around the 0.7630 mark, writes the team at Saxo Capital Markets (Australia).
Kiwi sitting pretty
The New Zealand dollar rallied after inflation came in at 0.2%, writes Max McKegg, and now a rate cut next month might just about do the trick.
Markets in Asia were mixed in early trade on Tuesday, with Japanese shares falling on the back of a relatively stronger yen, write Saxo's Singapore trading team.
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
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