forex cross rate

A Reuters poll showed that 65 out of 93 economists expect the Federal Reserve to keep the federal funds rate at 3.50%-3.75% in September (compared to 94 out of 104 economists in the August poll). 52 out of the 93 economists expect the Fed to keep the federal funds rate unchanged at 3.50%-3.75% until 2026 (compared to 80 out of 104 economists in the August poll).

Mexican Economy Minister Ebrard: Mexican President Sinbaum and U.S. Commerce Secretary Lutnick will hold an online meeting.

In its latest report, JPMorgan Chase stated that the fundamentals of the US economy and corporate earnings remain solid, but several recent variables could lead to market volatility. Key reasons include:1. The possibility of a rate hike at the Fed's September meeting remains, with CPI being a key data point;2. Current investor positioning does not provide a clear signal for market direction, and historical experience suggests that the next 3-4 weeks may be volatile;3. Corporate bond issuance typically increases after Labor Day, potentially widening credit spreads and suppressing the stock market;4. September is historically the weakest month for the S&P 500;5. Momentum strategies have retreated significantly from their June highs;6. Even if Qualcomm's earnings are very strong, it may not be enough to continue driving up AI, memory, and semiconductor stocks.

The US Redbook retail sales annual rate for the week ending September 5 was 8.3%, compared to 9.6% previously.

German Defense Minister Pistorius: Russia produces 150 short- and medium-range missiles per month, but only a portion of them are used on the front lines in Ukraine.

German Defense Minister Pistorius: Russia is trying to intimidate and undermine our society, and is taking on increasing risks in the process.