Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
In 2018 Mexico will introduce new inflation methodology
Mexico is on the verge of introducing a new inflation methodology during the second half of next year. It will include a bunch of measures from more cities as well as small towns, not to mention a greater range of products, as the national statistics agency informed on Wednesday.
The fresh system will offer outcomes for each of the country's 32 states. It’s built around international Monetary Fund best-practice tips, as officials told.
The measure will kick in next August. Moreover, it’s going to include measurements from the country’s towns of less than 15,000 folks for the first time. It will estimate price changes over a wide basket of goods. That’s what INEGI director of statistics Arturo Blancas said.
The fresh basket of measured items is about to leap from 283 items as well as services to 299. At the same time the overall number of municipalities covered will inch up to 55 from 46.
By the way, some of the new services and products include soy milk, pet grooming and carpeting.
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Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Latest news
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
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