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Austria UniCredit Bank Manufacturing PMI climbed from previous 54.4 to 54.9 in September
Austria UniCredit Bank Manufacturing PMI climbed from previous 54.4 to 54.9 in September
Swiss Franc weakens as US Dollar gains on Fed rate hike bets
USD/CHF extends its gains for the fourth consecutive trading day, hovering near fresh 16-month high of 0.8314 during European hours on Monday. The pair rises as the US Dollar (USD) gains strength from hawkish comments made by Federal Reserve (Fed) officials.
New Zealand Dollar gains despite hawkish Fed tone, Middle East tensions
NZD/USD halts its three-day losing streak, trading around 0.5660 during the European hours on Monday. However, the currency pair faces potential downside pressure as the US Dollar (USD) gains strength from hawkish comments made by Federal Reserve (Fed) officials.
EUR/USD: Inflation-driven stabilisation hopes – ING
ING FX Strategist Francesco Pesole argues EUR/USD should be trading above 1.140 based on their models, with recent Euro weakness seen as somewhat overdone. He focuses on September Eurozone inflation and ECB communication as key drivers.
EUR/GBP Price Forecast: Fails at 0.8610 amid higher Oil prices, BoE hawkishness
The Euro (EUR) has failed to break the 0.8610 resistance level against the British Pound on Monday, sending the EUR/GBP pair back to session lows at 0.8690 at the time of writing.
Australian Dollar: Hawkish RBA hike expectations – ING
ING’s Francesco Pesole expects the Reserve Bank of Australia to deliver a 25bp rate hike to 4.60%, with Governor Bullock likely leaving the door open for further tightening. Persistent inflation concerns, tight labour markets and resilient growth underpin this view.
USD/CAD Price Forecast: Holds gains above 1.4150, while technicals flag overbought risk
The USD/CAD pair trades in positive territory near 1.4155 during the early European trading hours on Monday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) as hawkish Federal Reserve (Fed) expectations build.
Indonesian Rupiah: Rate support erodes as outflows resume – MUFG
MUFG’s Lloyd Chan warns that the Indonesian Rupiah remains exposed as US yield increases erode Indonesia’s rate support.
Forex Today: Gold slumps below $4,200 on hawkish Fed outlook, Mideast tensions
Here is what you need to know on Monday, September 28:
Japanese Yen nudges lower despite a hawkish BoJ, intervention warnings
The Japanese Yen (JPY) is trimming gains from Friday’s rebound against the US Dollar (USD) on Monday.
USD/JPY: Weekly review highlights Dollar strength – MUFG
MUFG’s Teppei Ino reviews USD/JPY price action over Japan’s extended holiday week. The pair opened near 157 and traded in a broad 156–159 range as Dollar strength persisted and expectations of a possible earlier Federal Reserve rate hike supported gains.
India rates: Spreads seen narrowing further – DBS
DBS Group Research strategist Sherilyn Chew contrasts India’s domestic backdrop with Indonesia, arguing India is deeper into a tightening phase. Markets are pricing a possible Reserve Bank of India (RBI) hike in October, with liquidity surplus falling after RBI draining measures.
Sweden Trade Balance (MoM) came in at -11.9B below forecasts (0B) in August
Sweden Trade Balance (MoM) came in at -11.9B below forecasts (0B) in August