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Polish Zloty: Dovish NBP signals weigh on PLN – Commerzbank
Tatha Ghose at Commerzbank describes NBP Governor Glapinski’s latest press conference as a net dovish surprise versus expectations for a clearer hike signal.
Canadian Dollar: Jobs data and BoC path – ING
ING’s Francesco Pesole expects Canada’s September jobs report to show a modest payroll rebound and slightly higher unemployment, not enough to justify an October Bank of Canada hike. He notes that a December move is fully priced, while USD/CAD remains dominated by the Dollar, with a sustained move below 1.420 seen as requiring better global bond conditions.
British Pound: Mild downside bias against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that GBP/USD has held modest gains around 1.3230, but recent guidance from the Bank of England on higher-for-longer rates has not translated into a clear bullish trend.
Greece Consumer Price Index - Harmonized (YoY): 5.1% (September) vs 3.7%
Greece Consumer Price Index - Harmonized (YoY): 5.1% (September) vs 3.7%
Greece Industrial Production (YoY) rose from previous -1.2%Â to 5.8% in August
Greece Industrial Production (YoY) rose from previous -1.2%Â to 5.8% in August
Greece Consumer Price Index (YoY) increased to 5% in September from previous 3.8%
Greece Consumer Price Index (YoY) increased to 5% in September from previous 3.8%
USD/CHF Price Forecast: Testing support at 0.8300 with bearish momentum building up
The US Dollar (USD) extends losses for the second consecutive day against the Swiss Franc (CHF) on Friday as some easing on the global bond rout has triggered a mild risk appetite, sending the US Dollar lower across the board.
Euro: ECB minutes signal limited need for further tightening - Danske Bank
Danske Bank strategist view the September European Central Bank (ECB) minutes as dovish relative to market pricing, arguing that they do not support the three additional rate hikes currently priced in.
Hungarian Forint: IMF urges reforms before euro timetable – Commerzbank
Commerzbank’s Tatha Ghose reviews the IMF’s Article IV assessment on Hungary, stressing that euro adoption cannot substitute for structural and fiscal reforms.
Breaking: Canada Unemployment Rate rises to 6.5% in September as expected
The Unemployment Rate in Canada edged higher to 6.5% in September from 6.4% in August, Statistics Canada reported on Friday. This reading came in line with analysts' estimate.
Japanese Yen: NISA-driven outflows weigh on currency – MUFG
MUFG’s Derek Halpenny analyses September Ministry of Finance (MoF) securities data, noting strong foreign purchases of Japanese bonds after the Bank of Japan (BoJ) rate hike, suggesting improved JGB confidence.
NZD/USD Price Forecast: Bullish momentum improves but 0.5630 keeps holding bulls
The New Zealand Dollar (NZD) picks up against the US Dollar (USD) on Friday, as some easing in the global bonds’ rout has allowed for a modest recovery of risk appetite during the Asian session.
British Pound extends intraday gains above 209.50 as fiscal woes weigh on Yen
The GBP/JPY cross extends its recovery move from the weekly low, around the 208.20-208.15 region touched the previous day, and gains strong follow-through traction on Friday.