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Fed’s Hammack calls for higher rates as inflation pressures broaden
Cleveland Federal Reserve (Fed) President Beth Hammack said Monday that interest rates need to be higher, that inflation remains “too high”, and that more economic tightness is needed.
Swedish Krona: Riksbank outlook supports SEK against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses EUR/SEK, noting Sweden’s resilient economy, stronger-than-expected GDP and a hawkish shift at the Riksbank.
Japanese Yen struggles amid Oil rally, fiscal concerns
USD/JPY extends its advance on Monday, gaining 0.28% on the day to trade around 158.70 at the time of writing.
Euro hits fresh yearly low against British Pound as French fiscal concerns weigh
EUR/GBP remains on the defensive on Monday, sliding to a fresh year-to-date low of 0.8445 as French political and fiscal concerns keep the Euro (EUR) under sustained pressure. At the time of writing, the cross trades around 0.8450, down 0.17% on the day.
Dollar Index hits an 18-month high as the energy ceasefire fails
US President Trump said on Friday that Russia and Ukraine had agreed to stop striking each other's energy sites, and Brent fell below $103 a barrel when markets reopened.
British Pound loses ground as Oil rise clouds BoE’s hawkish outlook
The Pound Sterling (GBP) retreats about 0.11% against the Greenback on Monday amid a scarce economic docket on both sides of the Atlantic, but geopolitics continue to drive price action amid developments in the Middle East and the prolongation of the Russia-Ukraine conflict.
India: Rising inflation pressures challenge RBI – Societe Generale
Societe Generale’s Kunal Kundu notes that India’s September Consumer Price Index (CPI) rose to 5.54% year-on-year, with food inflation at 7.74% and core inflation at 4.2%, signalling broadening price pressures.
Chinese Yuan: Trade détente and PBoC fix support Yuan – Commerzbank
Commerzbank analysts highlight that Beijing’s new trade agreement with Brussels, alongside a US–China tariff framework, modestly improves China’s external backdrop. They note the PBoC’s USD/CNY fixing model points to a slightly stronger Yuan and that both USD-CNY and USD-CNH fell to 6.69 last week, as easing trade tensions reduce headwinds for China’s export sector and current account.
USD/CHF Price Forecast: Daily chart favours bulls despite mixed momentum signals
USD/CHF starts the week on a positive note, snapping a two-day losing streak as broad US Dollar (USD) strength and a wide interest rate differential between the Federal Reserve (Fed) and the Swiss National Bank (SNB) keep the Swiss Franc (CHF) under persistent selling pressure.
Australian Dollar retreats as Fed hawkish stance, Iran tensions boost US Dollar
AUD/USD trades around 0.6965 on Monday, down 0.24% at the time of writing after giving up its earlier gains.
Germany: AI boom versus growth drag – Deutsche Bank
Deutsche Bank’s Robin Winkler reviews Germany’s consensus outlook, where GDP growth is seen near 1% in 2027 before sliding towards 0% by 2030 as demographics weigh on potential growth.
Euro remains on the back foot amid French debt concerns
EUR/USD gives up earlier gains on Monday as the US Dollar (USD) remains firmly bid across the board, while French political and fiscal uncertainty weighs on the Euro (EUR). At the time of writing, the pair trades around 1.1178, retreating from an intraday high of 1.1217.
Mexican Peso: Steepening curve and carry risks – Rabobank
Rabobank strategist Molly Schwartz and Christian Lawrence discuss Mexico’s rates outlook after Banxico held the overnight rate at 6.50%. They note upside risks to inflation, market pricing for more than 100bp of hikes over a year, a pronounced steepening of the Mexican yield curve versus the US, and resilient foreign ownership of Mbonos and Cetes.