Market Roundup
•US Aug New Home Sales 740K, 714K, 708K previous
• US Aug New Home Sales (MoM) 1.5%, 1.0% previous
•Canada Jul Budget Balance -11.98B,-12.71B
•Canada Jul Budget Balance (YoY) -48.45B,-36.47B
•US Baker Hughes Total Rig Count 521,503 previous
Looking Ahead –Economic Data (GMT)
•No data ahead
Looking Ahead – Events, Other Releases (GMT)
•11:00 FOMC Member Williams Speaks
Currency Summaries
EUR/USD: The euro declined against dollar on Friday as uncertainty over beleaguered Chinese property developer Evergrande helped the greenback bounce back from a sharp decline in the prior session. China Evergrande Group owes $305 billion and has run short on cash, missing a Thursday deadline for paying $83.5 million and leaving investors questioning whether it will make the payment before a 30-day grace period expires. A collapse of the company could create systemic risks to China’s…
