Forex news from the European trading session – 1 September 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.3%

Latest data from the Mortgage Bankers Association for the week ending 27 August 2021
–  +1.6%
– Market index 719.4 vs 737.1 prior
– Purchase index 259.0 vs 257.5 prior
The drop in the past week largely comes a decline in refinancing activity with purchases keeping steadier after the rise in the week before. That said, and that

ECB policymaker, Yannis Stournaras, remarks to Bloomberg
Not really siding with the hawks there, is he? In any case, expect more of the same by the ECB in their communique this month and then expect follow-up reports to show a difference in opinion among policymakers on inflation and reining in pandemic support.

A look at what is on the board for today
Nothing too significant to take note of on the day, though there is a relatively big one for EUR/USD at 1.1825 offering some interest as a magnet to price action.

Major currencies see ranges stretch but nothing too significant
Commodity currencies still hold a slight lead on the day with the yen and franc the laggard, as risk tones are keeping more positive so far in European morning trade.