Forex Daily Analysis - Monday, Sep 24th

USD still weakening, despite no data.

EURUSD made new highs at 1.4118 despite lack of interesting data. Carries higher on Friday, making new highs this morning.

Overnight News Bullets

* FR Wages QoQ (2Q F) out at 0.6% as expected. Prior 0.6%.
* E-Z Current Account (Jul) out at 1.7B vs. 3.5B expected. Prior at 7.3B (revised from 5.9B.)
* E-Z PMI Manufacturing (Sep A) out at 53.2 vs. 53.9 expected. PMI Services out at 54 vs. 57.6. PMI Composite out at 54.5 vs. 56.9.
* CA Retail Sales MoM (Jul) out at -0.8% vs. 0.0% expected. Prior at -1.1% (revised from -0.9%).
* CA Retail Sales Autos MoM (Jul) out at -0.3% vs. 0.3% expected. Prior at -0.2% (revised from -0.3%.)
* US Baker Hughes Rig Count out at 1769 vs. 1787 prior.
* JN Fukuda named Japan’s ruling party leader, next prime minister.

O/N Data Heat map:

EU	US	JP	UK	SZ	AU	CA	NZ	NO	SE	FR
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