GLOBAL & REGIONAL DAILY (Friday, 27 September 2019)
September 27, 2019
The USD retained a firm tone across the board, pushing the EUR/USD to a fresh year-to-day low close to 1.09. Meanwhile, US stock futures are struggling for traction on news over the possible impeachment procedure against the US President. Today’s key data releases include core PCE, the Fed’s preferred measure of inflation and personal income for the month of August.
The Euroworking Group (EWG) that convened yesterday took stock of the findings of the institutions’ recent visit to Athens where a fiscal gap of c. €1 billion has been reportedly identified for 2020. Nevertheless, amelioration in tax revenues in the coming months may contribute to bridging this gap.
Hungary & Czech Republic: As broadly expected in this week’s meetings of the Monetary Policy Committees (MPCs) in Hungary and the Czech Republic, key interest rates remained unchanged at 0.9% and 2% respectively.
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