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Swiss Franc edges up from yearly lows despite tepid Economic Expectations data
The Swiss Franc (CHF) shows a moderate recovery on Wednesday, as the US Dollar (USD) trims gains amid a slight pullback in US Treasury yields and dovish Fedspeak.
WTI Price Forecast: Sticks to recovery gains below $89.00; lacks bullish conviction
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â edges higher on Wednesday, reversing a part of the previous day's heavy losses to an over three-week low, though it lacks follow-through.
Greece Retail Sales (YoY) climbed from previous 1.9% to 5.2% in July
Greece Retail Sales (YoY) climbed from previous 1.9% to 5.2% in July
Italy Consumer Price Index (YoY) came in at 4.2%, above forecasts (3.8%) in September
Italy Consumer Price Index (YoY) came in at 4.2%, above forecasts (3.8%) in September
Italy Consumer Price Index (MoM) above expectations (0.3%) in September: Actual (0.7%)
Italy Consumer Price Index (MoM) above expectations (0.3%) in September: Actual (0.7%)
Italy Consumer Price Index (EU Norm) (YoY) came in at 4.1%, above forecasts (3.8%) in September
Italy Consumer Price Index (EU Norm) (YoY) came in at 4.1%, above forecasts (3.8%) in September
Italy Consumer Price Index (EU Norm) (MoM) registered at 2% above expectations (1.8%) in September
Italy Consumer Price Index (EU Norm) (MoM) registered at 2% above expectations (1.8%) in September
Greece Unemployment Rate (MoM) dipped from previous 7.9%Â to 7.4% in August
Greece Unemployment Rate (MoM) dipped from previous 7.9%Â to 7.4% in August
Greece Producer Price Index (YoY) up to 14.9% in August from previous 11.8%
Greece Producer Price Index (YoY) up to 14.9% in August from previous 11.8%
Dow Jones futures advance as Fed rate hike expectations cool
Dow Jones futures gain by 0.39% to trade near 51,890 during European hours on Wednesday. Meanwhile, S&P 500 futures advance by 0.23% to trade around 7,750, while Nasdaq 100 futures rise 0.17% to trade near 30,660.
US Dollar: Fragile strength hinges on Fed â Commerzbank
Commerzbankâs Thu Lan Nguyen notes EUR/USD has dropped to its lowest level since mid-2025 as Dollar strength is driven by rising US rate expectations and a higher probability of an October Fed hike than an ECB move.
US Dollar Index Price Forecast: Possibility of breakout above 101.80 hinges on US data
The US Dollar (USD) trades slightly lower against its key currency peers on Wednesday. At press time, the US Dollar Index (DXY), which gauges the Greenbacks value against six major currencies, is down 0.11% to near 101.28. Still, the asset is close to its two-month high of 101.64.
USD/JPY: Yen carry risks build into Q4 â Rabobank
Rabobankâs Global Daily notes that FX markets were surprised by Dollar strength in Q3, with EUR/USD and GBP/USD relatively subdued while USD/JPY saw âhuge actionâ higher. The report warns this move may spill over into the Yen Carry Trade if it continues. Emerging Market FX is also slipping against the Dollar again, except for CNY, which is treated as a separate case.