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US retail sales preview: Downside risks to consensus - TDS

FXStreet (Delhi) – Paul Fage, Senior Emerging Markets Strategist at TD Securities, suggests that US Retail sales for Sep is the highlight and we see downside risks to consensus.

Key Quotes

“We look for +0.1% m/m in headline sales, while our forecast for ex-autos is even weaker at -0.1% as falling prices at the pump weigh on nominal sales figures (mkt +0.2% and -0.1% respectively). In contrast, the control group, which strips out building materials along with autos and gas should be slightly more constructive at +0.4% m/m (mkt +0.3%).”

USD: FOMC members continue to pile up on dovish comments - MUFG

Derek Halpenny, Research Analyst at MUFG, notes that after the comments from Governor Brainard firmly put her in the dovish camp by signalling a greater desire for delay, Governor Tarullo spoke yesterday and endorsed the view of Brainard stating explicitly that current conditions were not appropriate for an increase in the federal funds rate.
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Poland Current Account increased to €-864M in August from previous €-1660M

Poland Current Account increased to €-864M in August from previous €-1660M
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